Esteves, who was also chairman of Latin America for UBS group, will move back to Brazil from London in order to focus on the Latin American business full time. Jerker Johansson, the investment bank’s recently hired chief executive, will run the FICC business until a long-term appointment is made.
Esteves joined UBS in December 2006 after the Swiss firm brought Brazil’s leading investment bank, Banco Pactual, for $2.5 billion. The 39 year old was a managing partner at Pactual and a former head of fixed income.
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