Merger Boosts Local Investment Bank

Merger Boosts Local Investment Bank

M&A

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 the acquisition, Itau grows its deposits and debentures base by BRL72bn, giving its investment bank additional firing power to support local clients. Named LatinFinance’s local investment bank of the year for the 1

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