What is the background of BTG Pactual in general and specifically in Asia
In 2005 UBS was given an IPO mandate by Banco Pactual, but upon closer inspection, UBS decided to acquire the bank rather than take it public. At the time Banco Pactual was Brazil’s leading domestic independent investment bank, but had only modest interaction with the rest of the world. This changed after the UBS transaction, which gave Pactual a far more convincing story...