The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Latin America: Credit Suisse's Olympio fights usurpers to his kingdom

Can Credit Suisse’s newly promoted CEO of Brazil, José Olympio Pereira, maintain his own and his bank’s high standing in equity capital markets? Euromoney interviews Olympio to find out.

In May this year, when José Olympio Pereira assumed the role of chief executive of Brazil for Credit Suisse, Brazilian financial newspaper Valor Econômico’s headline hailed it as a promotion for the country’s "King of IPOs". The headline alluded to Olympio (previously co-head of the Swiss bank’s Brazilian investment banking operation) being credited with bringing more than 70 IPOs to market in Brazil since 2004. What the report didn’t consider was the possibility that Olympio’s coronation at Credit Suisse Brazil was coming at the same time as the bank was losing its equities crown.

Statistics would suggest it is a question worth asking. The bank’s last IPO was Abril Educação, in July 2011. In 2012 to date, approaching the end of the year, Credit Suisse is ranked 10th in Brazilian equity issuance by volume: the bank’s market share is 2.8% this year compared with a fourth-place ranking in 2011 (with an 11.9% of share of volumes) and second position in the league table for 2010 (10.7%). Four local investment banks are packed into the top five places: BTG Pactual; Banco do Brasil; Bradesco BBI and Itaú BBA. In February this year, Credit Suisse tried to repeat its 2011 (when it opened the year’s IPO market with a deal for shoemaker Arezzo) by leading on the proposed IPO of Brasil Travel.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree