September 1, 2009
by Dan Shirai and James CrombieSenior investment bankers would rather be anywhere but Wall Street or the City, and when shareholders or regulators are baying for blood, a flight to São Paulo presents a delightful distraction. But far from the Wild West of just five years ago, Brazil now offers the potential to make serious long-term returns.
Asked about his banks LatAm strategy, Goldman Sachs COO Gary Cohn is quick to respond. He captures the thinking of many of his competitors and colleagues when, two weeks before flying to Goldmans annual management summit held this year for the first time in São Paulo he says his interest in LatAm is fundam
Since the financial world did not end, global banks have dusted off and gotten largely back to business as usual. Brazil is the focus of a new fight for LatAm fees.