BTG Pactual
| Sociedade Anônima | |
| Traded as |
BM&F Bovespa: BBTG11 Euronext: BTGP |
| Industry | Financial services |
| Founded | 1983 in the city of Rio de Janeiro |
|
Number of locations
|
30, such as: Sao Paulo, Rio de Janeiro, Brasilia, Belo Horizonte, Porto Alegre, Recife, Salvador, Ribeirao Preto, Curitiba, Cuiaba, Sorriso, Varginha, Santiago, Medellin, Bogota, Mexico City, Buenos Aires, Lima, San Jose, Naples, New York, Stamford, Houston, Johannesburg, Geneva, Kiev, London, Nairobi, Shanghai, Hong Kong |
| Services |
Investment banking Asset management Wealth management |
| Revenue |
 BR$ 6.7 billion (2014)
|
|
Number of employees
|
3,200 (2015) |
| Website | www.btgpactual.com. |
BTG Pactual is a Brazilian financial company that operates in the markets of Investment Banking, Wealth Management and Asset Management. It offers advisory services in mergers and acquisitions, wealth planning, loans and financings, as well as investment solutions and market analyses.
With headquarters in São Paulo, the clients of the Bank – which started out as a brokerage firm in 1983 in Rio de Janeiro – are companies, retail and institutional investors, as well as municipal, state and federal governments. With assets of R$218,3 bn and shares traded on the BM&F Bovespa and NYSE Euronext, BTG Pactual has offices in the main Latin American cities and in the world's leading financial centers..
Since December 3, 2015, BTG Pactual is controlled by the Top Seven Partners, composed of members Marcelo Kalim, Roberto Sallouti, Persio Arida, Antonio Carlos Canto Porto Filho, James Marcos de Oliveira, Renato Monteiro dos Santos and Guilherme da Costa Paes. The group has acted as bank executives during André dos Santos Esteves' management, a former BTG Pactual controller and CEO.
The change came after the arrest of Esteves, who is still a shareholder of the bank, but without voting power. Esteves was arrested on November 25 in the Lava-jato operation, promoted by the Brazilian Federal Police. Since then, Roberto Sallouti and Marcelo Kalim are co-CEOs of the bank. Persio Arida is chairman of the Board of Directors.
Since then, the executives promoted different measures to disassociate the image of BTG Pactual of its former CEO, especially after the reaction of the capital market (the bank's units on BM&FBOVESPA depreciated more than 50% within two weeks after Esteves arrest and continue to depreciate) and the lowering of the rating agencies Moody's and Fitch.
As a consultant or financier, BTG Pactual helps companies, other financial institutions and governments to obtain funding via the issuance of securities, and structured and guaranteed loans. It also provides services in M&A, IPOs, FX operations, as well as trading in derivatives and commodities.
With a focus on capital preservation for institutional clients, it offers consultancy and investment solutions in fixed income, money markets, public and private equity, as well as stock, receivables-backed, real estate, hedge and private equity funds.
BTG Pactual area responsible for managing customized investment portfolios for High Net Worth (HNW) individuals. It also offers financial advisory services to families that need to protect and expand their wealth, as well as succession and real estate planning.
BTG Pactual, considered one of the main Investment Banks in Latin America, has the following financial results (2014):
BTG Pactual is formed by two joint controlling subgroups: Banco BTG Pactual and BTG Pactual Participations. The latter is the managing partner and controller of BTG Investments. Banco BTG Pactual is the main operating company of the group. On 15 September 2015, BTG Pactual acquired Banca della Svizzera Italiana (BSI) / Banco da Suíça Italiana). Founded in 1873 in the city of Lugano, BSI is a financial institution specialized in wealth management for private and corporate clients.
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Wikipedia