Still Standing Proud

Still Standing Proud


Rio de Janeiro-based Banco Pactual is one of the few standalone investment banks left in Brazil. Its survival during the economic upheavals and takeover mania of the last few years that snuffed out a host of local firms is proof both of Pactual's skill in navigating turbulent markets and its resilience. Wall Street investment banks and many of the big local players lack the agility of a smaller outfit like Pactual and seem to lack its appetite for risk. Pactual has placed bond and equity issues in the local markets in Brazil over the last year at a time when other banks have beaten a retreat from the local market and the global capital markets slammed shut. In the closing months of last ye

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