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O BTG Pactual (BPAC11) reported on Wednesday that it has acquired the asset management firm Greytown Advisors, based in Miami and work in multifamily office, continuing its international expansion plan, according to a press release.
According to the BTGthe acquisition — already authorized by regulatory entities — brings to its management around 1 billion dollars from “ultra high” profile families from Central America.
The investment bank had already announced at the end of June the purchase of the North American private bank MY Safra Bankbased in New York, for an undisclosed amount.
“It is yet another move that reinforces our presence in the United States, serving a demanding and global audience,” said BTG Pactual partner and head of Wealth Management, Rogério Pessoa, in a statement on Wednesday, which also did not disclose the value of the agreement.
Following the acquisition, Marcello Correa, who heads Greytown Advisors, will become a partner at BTG Pactual, the Brazilian investment bank added.
On the international scene, in addition to the USA, BTG has operations in Argentina, Chile, Colombia, Spain, Luxembourg, Mexico, Portugal and the United Kingdom.