November 1, 2009
Unlike many European and US shops that seem to waver between strong years and others marked by departures and patchy performance, the Brazilian player has improved consistently. While that may be a function of initially limited scope and the fact it is part of Brazils biggest retail and commercial banking powerhouse, Itaú BBAs progress backed by results inspires awe in competitors and confidence from clients.The past 12 months saw a bona fide push into cross border DCM, a move that was, in classic Itaú fashion, announced and promptly executed. The first stage [of our recent expansion] was to close a product gap we had in terms of international bond d
Itaú BBA’s expansion has happened at a steady clip over the past four years, and the shop poses an increasing threat to global powerhouses hoping to grab a slice of the Brazilian investment bank fee pool.