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 Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Investment banking: Goldman boosts Brazil team in big launch

Goldman Sachs is pursuing innovative structures, including LBOs and other transactions not previously executed in Brazil as it seeks to become one of the top three banks in the country.

Eduardo Centola, Goldman Sachs

"We are coming to this market a little later, so we need to make an effort to find out who the best people are and then hire them"
Eduardo Centola, Goldman Sachs

Executing such a deal in Brazil might previously have been beyond the bank, but it is rapidly building its local currency underwriting and distribution capabilities as part of an ambitious plan of expansion.

Goldman Sachs already has a strong investment banking presence in Latin America’s biggest market, particularly in M&A. Now the newly launched Brazil unit will offer a complete range of banking services, including fixed income, equity, commodities and currency trading as well as research, brokerage, derivatives and asset management. Co-heads Eduardo Centola and Martin Werner say they are looking to double the size of their team by the end of the year to compete with established players such as Credit Suisse and UBS Pactual.

"We are coming to this market a little later," says Centola, "so we need to make an effort to find out who the best people are and then hire them.

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.


Unlimited access to and

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


Unlimited access to and, 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


Already a user?