UBS Buys Back Into Brazil

UBS Buys Back Into Brazil

Brazil Equity Bonds

Almost a year to the day after UBS announced it was exiting Brazil through the sale of Pactual, the Swiss bank has unveiled an agreement to acquire Brazilian brokerage Link Investimentos for BRL195m. A purchase had been expected, since acquisition is understood to be the fastest route to acquiring a license, a process that is apparently fraught with red tape. And UBS is heard very keen to re-establish a Brazil base as it works to reconstruct a LatAm platform that was cut to shreds during the fin

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