Perhaps predictably, foreign direct investment (FDI) into Latin American financial centres tends to gather in the region’s largest economies (Brazil and Mexico), the most stable (Chile), and the most promising (in this case Colombia and Argentina).
The main financial hubs of these countries attracted more than $200m each between January 2014 and December 2016, with Brazil's São Paulo and Rio de Janeiro bringing in $2.58bn and $1.14bn, respectively, according to estimates by greenfield investment monitor fDi Intelligence. The two cities lead the ranking of top 20 Latin American financial centres by financial services FDI in that period.