December 12, 2018 |
Investment banks will likely begin a hiring spree early next year in anticipation of a spike in M&A deals in Brazil, LatinFinance has heard.
"We are expecting a lot of hiring activity in the new year," said a banker in New York, adding that the major banks in Brazil are looking to add or rehire staff after layoffs during the recession from 2014 to 2016.
The M&A teams will receive many of the new hires, as acquisitions in Brazil will likely grow on double-digit rates on the $41bn from 2
M&A and ECM teams could see new additions as the market prepares for an expected deal surge, sources say