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Country risk survey monitoring political and economic stability of countries around the globe

November 2009

The Pactual partners: should I stay or should I go?

by Chloe Hayward

The ink has just dried on the contract. Finally Andre Esteves, a former Pactual partner, has his old firm back in his grasp after UBS agreed to sell in April and the deal closed in September. The new BTG Pactual took back 65 of its original partners. However, half of these plan to move on.


Renumeration: Brazilian bucks leave globals gasping

Gilberto Sayão, a former senior partner with Andre Esteves, who is still expecting another $200 million from the initial Pactual sale in 2006 to UBS, is leaving with another 29 old partners. The other half are slipping in nicely with Esteves’ plan of local investment banking domination.

The 35 partners that are staying have taken on their...


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