BTG Pactual Announces the Acquisition of M.Y. Safra Bank in the U.S.

100% of the Share Capital

Date:

Author: Funds Society, Brazil

This acquisition is part of BTG Pactual's global expansion strategy in the Wealth Management and Personal Banking segments in North America, where the bank already has a significant presence

At the end of March 2024, the bank had a loan portfolio of $275 million, total assets of $404 million, and net equity of $46 million