ExclusiveInvestment bank BTG Pactual mulls expansion to Asia as China and Brazil strengthen ties
BTG took a delegation of more than two dozen Brazilian entrepreneurs and family offices on a tour of Beijing, Shanghai, Shenzhen and Hong Kong last week
Established in 1983, BTG is one of Brazil’s largest banks, with a presence across Latin America, the US, Europe and the Middle East. During an interview with the Post in Hong Kong on Saturday, BTG partner João Scandiuzzi said the bank was considering the possibility of opening a new office in the city.
“While BTG Pactual does have plans to expand its operations and presence in the [Asia] region, these initiatives are still at an early stage and remain under consideration,” a bank spokesman said by email from Sao Paolo.
“Lots of Chinese companies, especially in the electricity sector, come to us when seeking investments in Brazil … and I think the relationship between Brazil and China in general should be furthered,” Scandiuzzi said.
BTG’s predecessor, which was owned by Swiss Bank UBS from 2006 to 2009, previously maintained an investment office in Hong Kong. However, it closed around 2015 after the departure of former UBS personnel, according to Scandiuzzi.
