BTG loses 3 executives

By
Wednesday, February 14, 2018

After months of speculations, three executives at Brazilian investment bank BTG Pactual are leaving the institution.

Chairman Marcelo Kalim; the head of the private equity unit, Carlos Fonseca; and Leandro Torres, who leads the brokerage arm, are leaving the bank.

Start your 15 day free trial now!

cta-arrow

Already a subscriber? Please, login

"Carlos Fonseca and Leandro Torres have opted to sell their shares in the partnership, without any relevant implications for the bank," BTG said in a statement.

"Marcelo Kalim is developing a project related to a digital banking platform. There is still no definition of the link between the project and the bank," it added, highlighting that it is negotiating a non-compete clause with Kalim.

In recent months, local media reported that the three executives were negotiating their departure in order to launch a fintech.