Celfin Tie-up to Give BTG Andean Path

Aug 25, 2011

BTG Pactual’s proposed merger with Chilean investment bank Celfin is seen giving the Brazilian investment bank a leg-up in establishing a beachhead to expand into the Andean region. The union between the two shops will create Latin America’s largest investment bank, BTG says, and marks its first Latin American expansion outside of Brazil’s borders....

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management