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Sura Asset Management sees growth in wealth, asset management ops

Sura Asset Management SA has a positive outlook for Chile and Colombia for 2018, and expects its business to benefit from that, CEO Ignacio Calle reportedly said in an interview with Bloomberg News.

The executive noted that Chile and Colombia are seeing economic recoveries, which should make Sura Asset Management's funds more attractive to investors. Bloomberg data indicates that Chile will grow by 2.7% in 2018, while Colombia should grow by 2.5%.

Calle believes that the company's wealth and asset management divisions will grow the most in 2018; both of these areas grew 27% in the previous year. The company is also planning to invest $50 million in both organic expansion and new technology, including artificial intelligence and robotics.