BTG Pactual sees commodities sales, trading gaining relevance

SAO PAULO Wed Nov 6, 2013 8:58am EST

SAO PAULO Nov 6 (Reuters) - Grupo BTG Pactual SA's newly-formed commodities sales and trading unit will gain earnings relevance in coming quarters, with income at some point matching that of the fixed-income unit, Chief Financial Officer Marcelo Kalim said on Wednesday.

Commodities sales and trading operations are beginning to have an impact on earnings, Kalim said on a conference call to discuss third-quarter results. Synergies between the commodities S&T unit with fixed-income and equities "are there," he added, noting that the bank could make acquisitions to grow the commodities shop.

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