The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Latin America

Best bank
Santander Central Hispano Best debt house
Citigroup

Best M&A house
Goldman Sachs

Best equities house
UBS

Best at risk management
Deutsche Bank

Best at treasury services
Santander Central Hispano

Best at cash management
Citigroup

But with its more comprehensive retail presence, Santander can boast a broad presence in every major Latin market, while Citigroup, outside Mexico at least, is essentially a corporate bank that does a very small amount of consumer banking on the side. Indeed, Citi has been scaling back its consumer operations.

Public profit figures figures also make it clear that Santander is a first-rate bank in every market in which it chooses to compete. Its return on equity figures range from 22.3% in mature Chile to 32.6% in Brazil.

Meanwhile, Citigroup Latin America seems to be in some disarray. In recent months, it has lost not only its CEO, Jorge Bermudez, but also its co-head of investment banking, José Olympio. The new Latin America CEO, Manuel Medina-Mora, will take on all of Bermudez?s responsibilities while at the same time retaining his previous position as CEO of Banamex, the Mexican franchise. And one of the first things on his plate will be an SEC investigation of Citigroup?s accounting during the Argentine financial meltdown.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree