Colombian Stock Exchange Operator Opens Office in Panama

The stock brokerage firm, Corredores Asociados, will open an office in Panama City in October.

Friday, August 12, 2011

The company already has permits from the Financial Supervisory Authority said Alberto Escobar, vice president of asset management for Corredores Asociados, who added, "A year ago it was decided to get into this market, an idea born of the spirit of enterprise to think big and open new lines of international business and to gain parity with our competitors. "

"Also recently opened in Panama is a branch of Correval which already has 130 customers and manages assets of $25 million, figures that are expected to be multiplied in the next two years. ‘We believe that Panama is the gateway to investing in other international markets. We will offer our customers the opportunity to invest in products such as stocks, mutual funds, currencies and all the alternatives that the Correval service offers in Colombia", said Andres Nariño, manager at Panama Correval’”, reported

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