PEOPLE MOVES: BTG on Hiring Spree

Jan 1, 2010

Brazil’s BTG Pactual has hired a group of sales people to beef up the LatAm equity effort, as well as a research analyst to lead a push into Andean markets. They include Santander’s former US-based LatAm equity sales head Frederico Monnerat and ex-Itaú LatAm equity research sales official Renato Lobo.

From UBS, BTG poached MD Ashley Farrar, a senior salesperson in New York, and sales trader Jesse Wilcox, as well as Enrique Corredor, who will run ECM syndicate. The team aims to sell LatAm stocks to US-based investors.

Santander’s former head of Andean research Alonso Aramburu has also moved over to BTG, according to a person close to the hire. His move – alongside Corredor, who has experience outside Brazil – is understood to be aimed at giving the Brazil-born shop a more pan-regional flavor. Mexico coverage is also understood to be in the pipeline, with hires in that area possible in the next few months. "We went on a pretty serious hiring spree,"...

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