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Merger Boosts Local Investment Bank

Nov 4, 2008

The merger of Itau and Unibanco is set to create an even more formidable local investment banking competitor for the leading foreign-owned shops active in Brazil such as Credit Suisse and UBS Pactual, as well as for growing players Morgan Stanley, Goldman Sachs and Merrill Lynch. With...

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The most pressing issue is related to guaranteeing this growth of the system, the savings. We have to guarantee that this growth is followed by better asset managers on the side of the Afores.

Carlos Ramírez, Mexico’s pension regulator, Consar


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