The Central Bank of Brazil and the Mexico Securities Commission (CNBV) have approved the start of BTG Pactual’s broker dealer in the Mexican market. Based on an organic growth strategy, BTG Pactual Mexico will operate in integrated fashion with the rest of the Bank ́s regional platform, which already has presence in Brazil, Chile, Peru and Colombia. Thereby, BTG Pactual will open up the doors of the second largest economy in Latin America to Brazilian and international investors looking to either do business or expand their existing business in Mexico.
Javier Artigas, who will head up the operation as Regional Head for Mexico, said “We will offer the Mexican market BTG Pactual ́s renowned excellence initially in the area of Investment Bank and in a later stage also intend to offer in Asset Management and Wealth Management”. The synergies between our global platforms will also give clients access to investors and investment opportunities in Asia, Europe and the US. Javier added that “We are blending BTG Pactual ́s expertise in Latin America with the vast knowledge of the Mexican market of the team heading up this new operation”.
BTG Pactual Mexico complements its presence in Latin America and strengthens the current integrated business platform. In addition to its proximity to the US market, the Mexican economy also benefits from the sweeping structural reforms implemented to boost productivity in a whole range of sectors. Commenting on the move, André Esteves (CEO of BTG Pactual) said “We remain very optimistic on business prospects in Latin America”. Investment flows between Latin American countries are on the rise, as reflected in growth in capital markets. Esteves added that “We have consolidated the internationalization strategy of BTG Pactual, a reference for any company, institutional or retail investor with interests or businesses in the region”.