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Honduran Banking Group Acquires Citi’s Nicaraguan Unit

Honduran Banking Group Acquires Citi’s Nicaraguan Unit

By Narayan Ammachchi Grupo Financiero Ficohsa, the financial group of Honduran Capital with headquarters in Panama, has agreed to fully acquire Citibank’s consumer banking unit  in Nicaragua. Financial details of the deal have not been disclosed. This is the second ...

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TMF Group Buys PricewaterhouseCoopers’ Brazilian BPO Unit

TMF Group Buys PricewaterhouseCoopers’ Brazilian BPO Unit

By Narayan Ammachchi U.S. professional services firm PricewaterhouseCoopers (PwC) has sold its Brazilian outsourcing arm Apriori to the TMF Group, apparently to phase out BPO operations and focus on consulting services. Amsterdam-based TMF says the acquisition will increase the “breadth and ...

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Q&A: New Arvato Executive Names Brazil as Hot Spot for F&A BPO

Q&A: New Arvato Executive Names Brazil as Hot Spot for F&A BPO

By Narayan Ammachchi European outsourcing firm Arvato recently hired former Microsoft executive Edmund O’Brien to oversee the expansion of its operations in Latin America. The Gütersloh, Germany-based BPO provider, which already runs a few delivery centers in nearly half-a-dozen Latin American countries, ...

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