PEOPLE MOVES: BTG on Hiring Spree
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.
Santanders 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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