State Street said Celfin will be responsible for promoting SPDR ETFs to institutional investors including pension funds, mutual funds and insurance companies in Chile, Colombia and Peru.
Celfin Capital CEO Alejandro Montero said that the addition of SPDR ETFs is a great complement to the current offering, and look forward to a successful collaboration.
SSgA senior managing director and global head of SPDR ETFs James Ross said that in addition to delivering superior client service to both institutional and individual investors in the Andean region, Celfin brings deep knowledge of local and international markets.
"Our newly formed alliance with Celfin is an important milestone as we continue to expand our SPDR ETF footprint globally to meet investors’ needs," Ross said.
SSgA is one of the largest ETF providers globally with $255bn in assets as of 31 December 2010 with $2.8bn in ETF assets in Latin America as of 30 September 2010.
