One of the Brazil’s largest sugar producers has partnered with consulting firm DuPont Sustainable Solutions to improve the firm’s safety governance and operations. Results in the second phase of Usina Coruripe’s ‘Zero Accident Always’ initiative have shown a 94% reduction in accidents.
The Barbados government has dug into its war chest to shell out nearly $ 1 million on consultancies, in a bid to get compliant with Financial Action Task Force (FATF) stipulations. The parliament’s Standing Finance Committee approved a grant of $ 840,000 to be shelled out from the Consolidated Fund to pay the fee of unidentified consultants.
Holding company Aimia has agreed a deal with Mexico’s largest airline Aeromexico to arrange a $ 50 million loan from loyalty programme operator PLM, in which both entities have an equal stake. Management consultancy Oliver Wyman advised on the deal, which came just days before Aeromexico went on to file for voluntary Chapter 11 protection.
Wipro has significantly bolstered its presence in Brazil with the acquisition of digital services firm IVIA. Financial details have not been disclosed for the deal, which is set to close in September this year.
Global consulting firm Bain & Company has appointed four new partners in Latin America. André Bolonhini joined Bain & Company in 2010 after completing his studies, and has since rapidly ascended the firm’s ranks.
US-based investment advisory firm PJT Partners is supporting Chilean airline Latam with its Chapter 11 bankruptcy restructuring. The airline plans to remain operational through the proceedings. Latam has disclosed more than $ 7 billion in debt, which includes over $ 400 million attributed to its Brazilian subsidiary.
As the cannabis industry grows globally, no country is according to FTI Consulting better positioned than Colombia to become the “grower” of choice for international cannabis trade. Experts Michael Cullen and Miguel Salcedo explain why.
Latin America's second-largest airline, Avianca, is currently undergoing a large restructuring effort, as part of its Chapter 11 bankruptcy and plans to emerge as a smaller and leaner airline. The company is being advised by restructuring experts from a number of leading consulting and law firms.
Global accounting and consulting HLB has expanded its presence in Latin America with the addition of new members firms in Bolivia and Mexico. Within three months of adding Tijuana-based FFA Consultores to its Mexican list of partner firms, HLB has now also admitted Grupo Cynthus into its network.
Latin America’s aviation industry will be among the slowest in the world to recover from the Covid-19 crisis, according to an analysis by consulting firm ICF. The firm anticipates a six-year recovery period for the region, driven by a variety of economic factors.
LLYC, formerly Llorente & Cuenca, has bought Adaptative, a Colombia-based consultancy. Bogota-based Adaptative provides research, design and implementation services for communications, marketing and public affairs projects.
US-headquartered consulting firm Conexig has opened an office in Colombia, lifting its on the ground presence in Latin America to six countries. Conexig launched earlier this year, when a group of senior advisors across the Americas and Spain joined forces to establish the Miami-based consultancy.
Heightened competition and lower interest rates in the Brazilian market are squeezing the profitability of the country’s largest banks, according to an analysis by Roland Berger. In response, Brazil’s banking sector should cumulatively cut nearly $ 6 billion in costs, and accelerate its digital transformation agenda.
Global accounting and advisory network UHY has expanded its presence in Latin America with the addition of new members firms in Nicaragua and Paraguay. In Nicaragua, Managua-based Morales, Tellez & Asociados CÍa has joined the global network, providing UHY with an on the ground presence in Central America’s largest country.
South America is home to thousands of large, mid-sized, small and boutique audit and accounting firms, most of which today also provide a range of advisory and consulting services. Latin America’s consulting industry is valued at around $ 5.
Jair Bolsonaro’s decision to put the country’s economic growth ahead of people’s lives makes Brazil's President the most incompetent political leader in any democracy, according to the CEO of a consultancy.
Companies globally and across Latin America are facing an unprecedented crisis, forcing them to enact their business continuity plans and tighten their belts to stay adrift. At the same time, companies are in the background preparing for the post Covid-19 environment, which in the eyes of many will be a (completely?) different world compared to the current one.
Top twenty accounting network HLB has extended its reach in Latin America with the addition of new member firms in Mexico and Jamaica. Joining its HLB Mexico organisation, HLB FFA Consultores is a professional services firm based in Tijuana, a city just south of the US border.
Global consultancy FTI Consulting has appointed Michael Cullen a Managing Director in its Bogotá office. Cullen joins the firm from Control Risks, a specialist global risk consultancy with 30+ offices worldwide.
The global consulting industry is expected to feel the impact of the Coronavirus, as economies across the world prepare for a possible recession. For Latin America’s consulting sector, analysts expect a dip of 19% in revenues over the course of this year.
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