State Street enters the Colombian market with the purchase of Santander Caceis - LaRepublica.co
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Wednesday, July 29, 2026 The transaction aims to position the company as one of the main providers of custody and foreign exchange services in several markets in the region Mateo Medina Ariza State Street announced the purchase of Santander Caceis Latam Securities Services in Brazil, Mexico, and Colombia, an operation with which it will strengthen its presence in Latin America and enter the Colombian market with a local platform to provide services to institutional investors. According to State Street, the acquired company manages approximately US$470 billion in assets under custody and US$225 billion in assets under administration, figures that reflect the magnitude of the business that will become part of State Street once the transaction is finalized. "This operation brings together both elements, increasing the scale of our global asset servicing platform and strengthening our ability to support institutional investors in taking advantage of growth opportunities, managing increasingly global investment portfolios in order to generate better results for investors," explained Ron O'Hanley, Chairman and CEO of State Street. The company detailed that the acquisition will allow it to enter the Colombian market through a platform that already has infrastructure, human talent, and the necessary regulatory authorizations. Through a statement, they indicated that institutional...
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