UBS Completes Acquisition Of Banco Pactual

UBS has completed its acquisition of Banco Pactual, having received all necessary approvals to finalise the transaction. The firm will operate in Brazil under the name UBS Pactual. The firm will offer Investment Banking, Asset Management and Wealth Management services

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UBS has completed its acquisition of Banco Pactual, having received all necessary approvals to finalise the transaction.

The firm will operate in Brazil under the name UBS Pactual. The firm will offer Investment Banking, Asset Management and Wealth Management services to clients across Latin America.

“This transaction underscores our continued commitment to expanding in emerging markets,” says Huw Jenkins, the Chairman and CEO of UBS Investment Bank. “Our team at UBS Pactual adds a great depth of talent to the firm and will be instrumental in delivering our global product offering to this important regional client base.”

“This is a significant step forward for UBS’s expansion in Latin America,” adds Andre Esteves, the Chairman and CEO of UBS Latin America. “Our complementary market leading positions in capital markets, research, advisory and wealth and asset management enable us to build the leading financial services firm in the region.”

Within Brazil, UBS Pactual employs approximately 750 people and has offices in Rio de Janeiro, So Paulo, Belo Horizonte and Recife.

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