Private Banks · Wealth managers

Brazil's BTG buys FIS to expand from Luxembourg

Brazilian private bank BTG pays €21.3 mln for FIS Privatbank
BTG Pactual, the largest investment bank in South America, said it acquired Luxembourg-based private bank FIS Privatbank in a move that should enable its Latin American clients to diversify their investment portfolios in developed countries while expanding its European client base beyond Portugal, Spain and the UK.

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