Bladex Sells Asset Management Unit to Managers

Bladex Sells Asset Management Unit to Managers

Panama M&A Funds

Banco Latinoamericano de Comercio Exterior (Bladex) has agreed to sell its asset management unit to members of its own asset management team, it says. The buyer is a newly-formed company, Alpha4X Asset Management, majority-owned by CIO Manuel Mejia-Aoun and other members of Bladex’s asset management team. The multilateral lender does not disclose the value of the unit, which was founded in 2006 with an initial investment of $100m. A spokeswoman declined to provide additional information. Also re

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