Feb
22
BTG Revival Strategy Moves to Chile With Plans to Boost Lending
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Brazil bank’s goal is to make ‘strategic’ loans, Aguero says
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Rodrigo Oyarzo joins to lead the firm’s new credit business
Grupo BTG Pactual, the Brazilian lender that slashed its workforce in 2016 and sold off assets to survive a liquidity crisis, is investing in Chile with plans to start lending.
Rodrigo Oyarzo joined BTG to head the new credit business, according to Juan Guillermo Aguero, BTG’s chief executive officer for Chile. The idea is to use the Sao Paulo-based company’s banking license in Chile, obtained in 2014, to provide more “strategic” loans to clients tied to mergers and capital-markets transactions, Aguero said…
BTG Revival Strategy Moves to Chile With Plans to Boost Lending