According to report, if the talks with potential buyers fall through, then British bank, which has a strong presence in Asia, will move the advisory centres to Asia and Europe.
The decision to sell follows a strategic review, according to which the bank plans to focus primarily on its core regions of Asia, and also EMEA and Africa.
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A sale implies that the bank would not look for new business from Latin America, especially when the continent is being widely associated with wealth management industry with many industry players trying to gain a foothold.
The bank caters to its Latin America based clients through an advisory centre mode and mainly focuses on providing cross-border services to global corporations and international financial institutions.
The UK-listed banking group expects its income to grow at a double-digit rate for the first six months of this year when compared to the same period of 2010.
