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Latin America market round up: Banco Real boss to head Santander Brazil

Banco Santander in Brazil has named Banco Real chairman Fabio Barbosa as the new head of the Spanish bank’s businesses in Brazil. Barbosa will take up this new role when Banco Real is legally separated from ABN Amro. Gabriel Jaramillo, the current country head of Santander in Brazil, will "provide advice and support to the office of the chairman of Santander". Jaramillo’s post will be filled temporarily by Jose Paiva until Barbosa takes over the combined operations.

In the meantime, Goldman Sachs named Kevin Kennedy to head its Latin America group. Kennedy will be based in New York and will work closely with Val Carlotti, Martin Werner and Eduardo Centola.