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International Firm Gets Green Light To Open Broker-Dealer In Mexico

Eliane Chavagnon

15 October 2013

International firm BTG Pactual is launching a broker-dealer business in Mexico and intends to offer asset and wealth management services in the country at a later stage.

In Latin America, BTG Pactual has a presence in Brazil, Chile, Peru and Colombia, but has now been given the green light by the Central Bank of Brazil and the Mexico Securities Commission to push into the Mexican market.

Javier Artigas, who will head up the BTG Pactual | Mexico operation as regional head for Mexico, said the move will give clients in Mexico greater access to investors and investment opportunities in the US, Asia and Europe.  

“In addition to its proximity to the US market, the Mexican economy also benefits from the sweeping structural reforms implemented to boost productivity in a whole range of sectors,” BTG said in a statement.

Artigas was previously vice president of strategic planning at Bolsa Mexicana de Valores and managing director of UBS Casa de Bolsa.

BTG Pactual provides investment banking, asset management and wealth management services. The firm is based primarily in Latin America but has offices in the US, Europe and Asia.