Chilean investment bank Celfin Capital and Goldman Sachs are starting a new alliance as they aim to take a leading position in the growing local derivatives business and help the Chilean market become more liquid, transparent and sophisticated.
"The pension funds are very large investors locally and have growing derivative needs," says a senior banker at Celfin Capital. "But also there are tremendous needs from the corporate sector to have hedging mechanisms both in currencies and interest rates. We are starting to see...
