 |
“We’re not Brazil-centric. We continue to be focused on every market. Colombia and Peru, for example, are smaller economies but are very profitable” |
What is also becoming evident is the growing power of the local banks, especially in Brazil. The biggest move last month was the news that Andre Esteves had quit as global head of fixed income, currencies and commodities at UBS. Esteves, who arrived at the firm in December 2006 following its acquisition of Brazil’s Banco Pactual, will now focus all his energy on running both the group’s and the investment bank’s Latin American franchise.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
