Rob Dwyer

ESG

Commodities and net zero drive ESG financing in Latin America

Latin America’s corporates are embracing sustainable local debt financing with enthusiasm. The region’s bankers are betting that it’s going to be as good for bookrunner fees as it promises to be for the environment.

Rob Dwyer, May 23, 2022

WEALTH

Private bankers embrace independence in Brazil

Eric Cardozo, co-founding partner, COO and CFO of Brazilian private banking boutique WHG, talks to Euromoney about quitting a mainstream firm in 2020 and why more private bankers in the country seem to be following suit.

Rob Dwyer, May 06, 2022

OPINION

Latin American banks: Where is the risk?

Asset quality is under threat across the region, but particularly in Peru.

Rob Dwyer, May 03, 2022

CAPITAL MARKETS

Gustavo Montezano, President of the Brazilian National Development Bank (BNDES) attends a launching ceremony of the basic sanitation legal framework at the Planalto Palace, in Brasilia

BNDES’s project finance revolution

Plans to incentivize foreign capital aim to boost capacity, with a new internal ‘investment bank’ to drive growing pipeline.

Rob Dwyer, April 06, 2022

CAPITAL MARKETS

Sao Paulo, Brazil - Essential services in a 23 de Maio Avenue with all lanes empty

Latin America DCM issuance conspicuous by its absence

This year, many Latin American debt issuers eschewed the traditional practice of issuing in January, believing the expensive market would move in their favour. That reading now looks like a bad one.

Rob Dwyer, March 30, 2022

OPINION

Ukraine-Russia war: We need to talk about ESG

ESG has been an intense focus for banks in recent years – not least for their communications teams. But with war in Ukraine, ESG has hit its first real test – and the talking has stopped.

Rob Dwyer, March 28, 2022

BANKING

Brazil’s central bank increases operational costs for country’s leading fintechs

The rule change will be phased in, but shares in publicly listed fintechs dip.

Rob Dwyer, March 25, 2022

OPINION

Brazil’s bullet-proof banks

Brazil’s banks stand firm against fintech’s rise.

Rob Dwyer, March 22, 2022

CAPITAL MARKETS

Could a dead cow moo-ve the dial for Argentina?

Vaca muerta is an enormous oil and gas field, but it may be too late to exploit it.

Rob Dwyer, March 10, 2022

ESG

Chile to test viability of sovereign sustainability

The first sovereign sustainability-linked bond has been announced, and it is no surprise that it is coming from Latin America. Investors and bankers will follow Chile’s transaction carefully, but is the issuer’s decision to enter war-spooked markets a sign of confidence or recklessness?

Rob Dwyer, February 24, 2022

WEALTH

LatAm private banking: XP reaches outside the comfort zone

Beny Podlubny, head of XP Private, talks to Euromoney about the metaverse, risk appetite, international expansion and why Brazilian clients like to keep things close to home.

Rob Dwyer, February 09, 2022

BANKING

Could Itaú’s small bank in Argentina deliver big?

Itaú’s Argentinian firm is its smallest. Nevertheless, innovation in its retail segment could be a game-changer in the country – and potentially the region.

Rob Dwyer, February 08, 2022

OPINION

Who will buy Citibanamex?

The chance to acquire Citi’s Mexican business could attract some unexpected bidders.

Rob Dwyer, February 02, 2022

WEALTH

JPMorgan’s offshore shift in LatAm reaps strong growth in private banking

Having closed its onshore private wealth businesses in Brazil and Mexico, the US firm had a standout year in its Latin American private bank in 2021.

Rob Dwyer, January 17, 2022

OPINION

Rob Dwyer Latin America COLUMN MAIN 1920px.jpg

Citi’s retail retreat reaches the US border

The decision to sell Citibanamex ends the ‘Mexican exception’.

Rob Dwyer, January 12, 2022

OPINION

Brazil banks on digital consolidation

It took all of six days of the new year before the tone was set: XP Inc’s announcement of its acquisition of Banco Modal. The deal will need regulatory approval, but is being warmly endorsed by the target’s management and its minority shareholder, Credit Suisse.

Rob Dwyer, January 11, 2022

BANKING

Deutsche Bank builds back in Brazil and plans new Mexico office

German lender renews focus on LatAm after 2015 withdrawal.

Rob Dwyer, December 20, 2021

OPINION

Nubank needs to prove itself post-IPO

The momentum behind the loss-making bank’s IPO had become unstoppable by year-end, even as the range was eventually cut. It now faces intense scrutiny as a public firm.

Rob Dwyer, December 17, 2021

THE EUROMONEY 25

Itaú’s new management goes back to basics

The CEO and CFO aren’t about to abandon the physical in the chase for digital business.

Rob Dwyer, December 10, 2021

BANKING

Argentine banks face competition from all sides

The Peronist playbook is back in force: Argentina’s monetization of fiscal deficits relies on the banking system buying central bank and government securities. This time around the movie has a new subplot: credit growth in both the corporate and retail sectors is increasingly taking place outside the traditional banking sector.

Rob Dwyer, December 03, 2021

OPINION

Chile sounds a warning signal across the region

The fiscal deterioration of Latin America’s former totem has more than just the pandemic behind it.

Rob Dwyer, December 03, 2021

BANKING

Banco Pan puts differentiation at the heart of its digital strategy

Banco Pan’s turnaround has taken another step forward with its acquisition of ecommerce platform Mosaico. Chief executive Carlos Eduardo Guimarães talks to Euromoney about the importance of growth with profitability.

Rob Dwyer, November 29, 2021

CAPITAL MARKETS

Third time lucky: How BR Partners followed the BTG playbook to get its IPO over the line

Ricardo Lacerda launched a boutique investment bank in the aftermath of the 2008 financial crisis. Having finally succeeded in IPOing his firm at the third attempt, he now looks to navigate it through Brazil’s turbulent waters.

Rob Dwyer, November 03, 2021

ESG

Investing for impact in the Peruvian Amazon

Amazonia Impact Ventures says that financing sustainable agricultural production can reduce deforestation rates.

Rob Dwyer, October 11, 2021

ESG

Will Amazon deforestation finally lead to a financing drought?

The world has been pressuring Brazil about the deforestation of the Amazon rainforest within its borders for decades. New ESG-style initiatives are being adopted by Brazilian banks and businesses, but it could be the climate impact closer to home that’s creating the impetus for real change.

Rob Dwyer, October 01, 2021

ESG

BNDES and ESG: The evangelism of Montezano

Gustavo Montezano has been president of BNDES since July 2019. He is on a mission to get Brazil’s state development bank to adapt to the new financial reality of ESG. How the resultant tensions play out will be crucial to the development of Brazil and the world.

Rob Dwyer, September 30, 2021

CAPITAL MARKETS

Did Covid support measures sow the seeds of the next EM crisis?

Appetite for emerging market risk is much lower in the wake of Covid-19 than it was after the global financial crisis. This is the result of a mix of technical and fundamental factors, but it is primarily driven by the spectre of the emerging markets’ Achilles heel: inflation.

Rob Dwyer, September 20, 2021

CAPITAL MARKETS

A worker at the door of the Chilean Central Bank building in downtown Santiago.

Chile targets international inflows for local bonds as pension funds shrink

Chilean corporates can now sell through Euroclear, following the sovereign’s successful experience.

Rob Dwyer, September 06, 2021

CAPITAL MARKETS

IFC puts climate at the centre of LatAm development

The IFC’s Latin America head sees local capital markets growth as key to financing sustainability.

Rob Dwyer, July 23, 2021

OPINION

Digital banking: Itaú puts itself on the menu

This year was like no other in Latin American banking – and the huge leap forward in digital adoption throughout the region caused by the pandemic is here to stay.

Rob Dwyer, July 15, 2021

Rob Dwyer

RECENT ARTICLES