Last Updated June 22, 2012
Russia’s VTB Capital and Brazilian investment bank BTG Pactual have signed a cooperation agreement to explore opportunities between Russia and Latin America.
The agreement reflects the growing importance and strength of regional emerging market banks, VTB says in a statement.
André Esteves, chief executive officer of BTG Pactual says that the agreement will allow BTG to offer its clients differentiated investment banking and asset management opportunities.
Alexei Yakovitsky, global chief executive officer of VTB Capital, adds: “BTG Pactual has a huge potential for further growth. This cooperation is also an important milestone in extending VTB Capital’s business internationally, especially in emerging markets”.
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