BTG Pactual

Banco BTG Pactual S.A.
Company typeSociedade Anônima
B3: BPAC11, BPAC3, BPAC5
Ibovespa Component
IndustryFinancial services
Founded1983 in Rio de Janeiro
by André Jacurski, Luiz Cezar Fernandes and Paulo Guedes[1]
HeadquartersSão Paulo, Brazil
Area served
Worldwide
Key people
André Esteves (Chairman), Roberto Sallouti (CEO), Nelson Jobim (Partner), Guilherme Paes (Partner), Steve Jacobs (Partner)
ServicesInvestment banking
Asset management
Wealth management
Corporate lending
Sales and trading
RevenueIncrease US$ 15.0 billion (2023)
Increase US$ 2.0 billion (2023)
AUMIncrease US$ 22 billion (2023 Jun 23)[2]
Total assetsIncrease US$ 101.3 billion (2023)
Number of employees
3,515 (2020)
Websitewww.btgpactual.com

BTG Pactual is a Brazilian financial company that operates in the markets of investment banking, wealth management, asset management, corporate lending and sales and trading.[3] It offers advisory services in mergers and acquisitions, wealth planning, loans and financings, as well as investment solutions and market analyses. It is the sixth largest banking institution in Brazil, the eleventh largest in Latin America,[4] and the largest investment bank in Latin America and the Caribbean.[5]

With headquarters in Rio de Janeiro and São Paulo, the bank began as a brokerage firm in 1983 in Rio de Janeiro. With assets of US$72.6 bn and shares traded on the B3 in São Paulo, BTG Pactual has offices in Latin American cities and world financial centers.[6]

BTG Pactual is controlled by André Esteves, Roberto Sallouti, Nelson Jobim, John Huw Gwili Jenkins, Cláudio Eugênio Stiller Galeazzi, Mark Clifford Maletz, Eduardo Henrique de Mello Motta Loyo and Guilhermo Ortiz Martínez.[7] On April 29, 2022, BTG shareholders confirmed the return of André Esteves as chairman.[8] In 2018, Esteves was acquitted by Federal Justice, and his case is already considered a judicial error.[9][10][11]

  1. ^ "Da Tijuca para o mundo - ÉPOCA | Vida". Archived from the original on 2014-02-20. Retrieved 2018-10-10.
  2. ^ "BTG Pactual Asset Management US AUM, Funds & Holdings Data".
  3. ^ "BPAC11:B3 Day Stock Quote - Banco BTG Pactual SA". Bloomberg.com. Retrieved 2021-02-11.
  4. ^ Riordan, Darragh; Ramos, Marissa (April 26, 2023). "Latin America's 50 largest banks by assets, 2023". S&P Global Market Intelligence. Retrieved May 27, 2023.
  5. ^ "BTG Pactual is elected best performing bank in Brazil by The Banker/FT". www.prnewswire.com (Press release). Retrieved 2021-02-11.
  6. ^ "BTG Pactual list of offices". www.btgpactual.com. Retrieved 2018-11-23.
  7. ^ "Bloomberg - Banco BTG Pactual S.A.: Board". www.bloomberg.com. Retrieved 2018-11-23.
  8. ^ "'Back to where he never left': founder of Brazil's BTG Pactual returns to fold". Financial Times. 2022-05-20. Retrieved 2022-06-06.
  9. ^ "Bloomberg - BTG Founder Andre Esteves Acquitted by Brazilian Federal Court". Bloomberg. 12 July 2018. Retrieved 2018-11-23.
  10. ^ Reuters Editorial. "Brazil court acquits former BTG Pactual CEO Esteves". U.S. Retrieved 2018-11-23. {{cite news}}: |author= has generic name (help)
  11. ^ "Brazilian judge acquits BTG Pactual founder Esteves". Financial Times. Retrieved 2018-11-23.