BTG Pactual hires former JPMorgan Brazil head Berquo, source says
SAO PAULO Oct 2 (Reuters) - Grupo BTG Pactual SA , Brazil's largest independent investment bank, hired Claudio Berquo from JPMorgan Chase & Co, where the seasoned dealmaker remained for about two decades, a source with direct knowledge of the situation said on Wednesday.
Berquo will have a "strategic role" in BTG Pactual's business, with no specific role being assigned to him, said the source, who declined to be identified because the plans are not public yet. The bank declined to comment.
Berquo took over JPMorgan's Brazilian unit in 2009 and in April became head of private banking for the New York-based bank in Brazil. He was replaced as JPMorgan's senior country officer for Brazil by veteran banker José Berenguer Neto - himself for years a senior executive and head of the investment banking and retail banking units at Banco Santander Brasil SA.
Efforts to reach Berquo were unsuccessful.
- Israel rejects ceasefire plan, source says, as death toll nears 850 |
- Obama tells Central American leaders most children will go home
- First Ebola victim in Sierra Leone capital on the run
- Bad weather seen as probable cause of Air Algerie crash
- EU edges to economic sanctions on Russia but narrows scope |