The firm has gone on a shopping spree and plucked the cream of the Latin American investment banking crop, especially in Brazil.
But as Merrill Lynch rides a positive wave, Swiss bank UBS faces tougher times ahead in the region, after losing several senior bankers to its US rival.
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“We have a much longer-term view compared with the one we had eight to 10 years ago” Andrea Orcel, Merrill Lynch |
Andrea Orcel, global head of origination at Merrill Lynch, tells Euromoney that the bank is determined to emerge from the crisis engulfing the global financial markets in a strong position.
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