Latin American private banking: Advisers sceptical of highs
BTG Pactual wants the best of both worlds
On October 1 Goldman Sachs launched its asset management and private wealth management businesses in Brazil by offering a family of funds for onshore investors. This move was a key part of the US bank’s expansion strategy. Since May 2008 it has been hiring a team of investment professionals and building a track record before offering its onshore funds to local investors.
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