BTG Pactual opens digital branch

BTG Pactual opens digital branch

Capital Markets Corporate & Sovereign Strategy Equity Funds Asset Management Loans Brazil

Brazil's BTG Pactual said it has opened a digital retail unit led by Amos Genish, the former CEO of the Italian telecommunications company TIM. The new unit will offer retail banking services and loans to small and medium-sized enterprises (SMEs) through BTG Pactual Digital along with corporate loans through Banco Pan and insurance products through Too Seguros, BIT Pagg and BIT Seguros, BTG Pactual said in a securities filing. The bank also said it plans to sell roughly BRL2bn ($503m) in shares

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