Expanding into Latin America remains a strategic priority for many global asset managers, particularly those seeking to diversify their institutional investor base.
One globally recognised asset manager, operating a diversified multi-asset platform and serving pension schemes and institutional clients worldwide, recently set its sights on Chile as a key growth market and picked Zeidler Group to help.
As part of its international distribution strategy, the firm registered more than 10 UCITS sub-funds with Chile’s pension scheme authority, the Comisión Clasificadora de Riesgo (CCR). For the asset manager, Chile represented far more than a geographic extension. It was a highly regulated and strategically important jurisdiction.
However, cross-border registrations outside the EU can quickly become complex. Chile’s regulatory regime differs significantly from European frameworks, creating additional operational and compliance challenges. The asset manager was required to navigate local regulatory requirements that sit outside the familiar EU environment while maintaining full alignment with UCITS standards.
Beyond the initial registration process, the ongoing governance burden posed further pressure, such as annual updates, continuous compliance monitoring and strict reporting obligations. Language differences and a substantial time zone gap between Europe and Latin America added practical complications.
To address these challenges, the asset manager partnered with Zeidler Group, which assumed the role of central coordinator across the entire registration and governance lifecycle.
A core component of the solution involved collaboration with Chilean legal specialists to ensure full compliance with local law while preserving global UCITS standards.
Zeidler also managed comprehensive documentation preparation for the initial registrations and subsequent annual updates. By leveraging information already available within its systems, duplication of client effort was minimised.
Importantly, client involvement was streamlined and limited to key decision points. This reduced internal resource strain and enhanced operational efficiency. Through Zeidler’s proprietary digital platform, the asset manager maintained 24/7 visibility over status updates, progress tracking and compliance documentation, overcoming time zone challenges and improving transparency.
The outcome was the successful registration and ongoing governance of more than 10 UCITS sub-funds in Chile. By outsourcing complex cross-border compliance requirements to a specialist partner, the asset manager reduced operational burden while gaining confidence in its long-term market access strategy, Zeidler stated.
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