Sumitomo Mitsui Banking Corporation and Banco BTG Pactual S.A. sign Memorandum of Understanding (1/1)
April 15th, 2011
Sumitomo Mitsui Banking Corporation
Sumitomo Mitsui Banking Corporation and Banco BTG Pactual S.A. sign Memorandum of Understanding
Tokyo, April 15, 2011 - Sumitomo Mitsui Banking Corporation (SMBC, President: Takeshi Kunibe) today announced it has signed a Memorandum of Understanding (MOU) with Banco BTG Pactual S.A. (BTG Pactual), the largest independent investment bank in Brazil, to begin mutual cooperation in Brazilian-related business activities.
Pactual, founded in 1983, is a leader in emerging market and
Latin American investment banking, asset and wealth management services. SMBC will cooperate with BTG Pactual in areas such as corporate finance, structured
products, securitization, and cross border M&A, in support of Japanese and
other Asian clients located or expanding into
In addition, SMBC will market BTG Pactual investment products to our clients through our marketing channels.
SMBC established Latin Americas Marketing Department, Americas Division in order to continue to strengthen and increase our presence in the region under our global expansion strategy. Mutual cooperation in future business activities with BTG Pactual is one of the centerpieces of our Latin American strategy (please refer to the March 25, 2011 news release about organizational revision for details).
Under the MOU framework, SMBC and its Brazilian subsidiary Banco Sumitomo Mitsui Brasileiro S.A. will collaborate with BTG Pactual to offer the highest-level of value-added products and services to our clients. @
(Banco BTG Pactual
- Founded in 1983 as Banco Pactual
- CEO and Partner: Andre Esteves
5 offices in
Total Assets: R$73.68Bil