Banco do Brasil CEO Rubem Novaes talks with Sylvia Coutinho, country head of UBS Brazil, before a news conference in São Paulo on Thursday
The logic behind the announcement of an investment banking joint venture (JV) between Banco do Brasil and UBS has been questioned by competitors in São Paulo.
The new organization will join together Banco do Brasil’s investment banking group with UBS’s investment banking platform in Brazil and Argentina, and UBS’s institutional brokerage business in Brazil.
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