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BTG Pactual’s Esteves sees commodities increasingly adding to profit

Posted on 08 May 2014

The contribution of commodities sales and trading to Grupo BTG Pactual SA’s profit will rise in coming quarters, Chief Executive Officer André Esteves said on Wednesday, underscoring the synergies the unit has with the investment bank’s trading desk.
A move to extend the offering and trading of specialized products for fixed-income, equities and currencies to commodities since late 2012 was shown to be “the right decision because we leveraged our synergies in a number of key areas,” Esteves said in a conference call to discuss first-quarter earnings………………………………………..Full Article: Source


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