Investment banks prepare for better days

Investment banks prepare for better days

Bonds Debt Capital Markets Equity Fixed Income Loans M&A People Features Argentina Brazil Mexico

As international financial institutions return to Argentina, a market that had been all but off-limits for more than a decade, bankers say a rapid surge in competition for deals is pressuring them to hire more people. Brazil’s BTG Pactual, for example, poached staff from the investment bank Puente last year as it looked to build a presence in Argentina. In Brazil, after weathering the multi-year downturn as best they could, investment banks are finding themselves short of senior executives. Some have tapped rivals for talent. Citi nabbed a three-person team, including the co-head of Brazilian investment banking, Eduardo Miras, from Morgan Stanley in mid-2017, while Bank of America Merrill L

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