Brazil's BTG Pactual

Brazilian BTG Pactual Jumps to the Highest in More than Two Years

BTG Pactual, a Brazilian multinational investment banking firm that engages in Latin-American investment banking, wealth management and global asset management, jumped to the highest in more than two years in the second quarter.

São Paulo-based BTG Pactual earned 962 million reais ($424 million) in the quarter, compared with 909 million reais in a Reuters poll of four analysts. The number was the highest since the last quarter of 2011.

Under the stewardship of controlling shareholder André Esteves, the bank is expanding in global reinsurance, commodities trading and wealth management.

Source: Hedgeworld

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