Prudential in Mexico

Latin America

Prudential Apolo Operadora de Sociedades, the Mexican fund management subsidiary of the US based Prudential Financial group is set to acquire another, much smaller fund manager, Operadora Finamex for an undisclosed sum. The latter has US$269mn under management and is ranked 19th in the Mexican market. Prudential Apolo is the second biggest fund manager in the market with $731mn under management. The deal is expected to close before the end of September.