BB asset manager leads AUM ranking by far

- Wednesday, May 25, 2011

BB asset manager leads AUM ranking by far

The asset management arm of federally controlled Banco do Brasil (BB) topped the latest assets under management (AUM) ranking in Brazil, followed by the country's largest private bank, Itaú Unibanco (NYSE: ITU).

BB had AUM of 387bn reais at the end of April, while Itaú Unibanco had 225bn reais, according to information from local capital markets association Anbima.

Brazil's second biggest private bank and largest insurance group, Bradesco (NYSE: BBD), ranked third with AUM of 186bn reais.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

The highest-ranked non-bank controlled insurance company was SulAmérica at 17th with 14bn reais in AUM.

In total, the 88 asset managers on the ranking had AUM of 1.8tn reais at end-April.