Overview

• Both firms said this is not a merger or a sale of Vector’s corporate license, but an asset and client-portfolio transfer.
• The transaction requires regulatory authorizations and other closing conditions before it can be completed.
• Only accounts meeting agreed eligibility criteria will move, and Vector’s promoters and advisers will join Finamex to maintain service.
• Vector stated client investments remain intact under existing custody arrangements and deposited at Indeval under Mexican rules.
• The agreement follows FinCEN’s June designation of Vector as a primary money-laundering concern, CNBV’s managerial intervention, and steep outflows from Vector funds and clients reported through August.