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  • COVER STORY: Esteves’ neo-classical model Jan 16, 2015

    André Esteves takes pride in BTG Pactual being an old-style merchant bank that offers equity as well as debt to clients. The model has worked well. But as Brazil and the global economy flounders, the bank is rebalancing its capital deployment strategy. By Dominic O’Neill

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

Jan Dehn, Ashmore Investment Management