Gavea and Arsenal Unite Wealth Management

Gavea and Arsenal Unite Wealth Management

Funds

Brazil shops Gavea and Arsenal have merged their wealth management businesses, creating a new company called Gavea Arsenal Gestao de Patrimonio. Gavea partner Marcelo Stallone, tells LatinFinance that the new company, which will have $2.4bn in assets under management, will be among the largest independent wealth management shops in Brazil. “There are only a handful of independent wealth management groups in the country, probably about 10, but it would be fair to say we are among the top three,”

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