UBS is to buy one of Brazil’s leading boutique brokers a year after selling its financial services arm in the country.
The Swiss bank will acquire Link Investimentos later this year as it seeks to rebuild its business in Latin America’s most important economy. UBS will pay R$195 million ($112 million) for Link, an equities specialist. Under the terms of the transaction UBS will have full ownership of the firm, which will be integrated into the investment bank, wealth management and asset management divisions of the bank.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
