BTG Pactual ("BPAC11"), the largest investment bank in Latin America, announced on Thursday June 27th, 2024 the acquisition of 100% of the share capital of M.Y. Safra Bank, FSB ("M.Y. Safra"), a private U.S. bank with net equity of USD 46.2 million. The transaction aims to complement the product offering and maintain a focus on excellence and innovation in services provided to clients.
Roberto Sallouti, CEO of BTG Pactual, states: "The acquisition of M.Y. Safra Bank is another step in expanding our product and service offerings to our Latin American clients. We are expanding our operations in the United States to increasingly provide customized products and personalized service to our clients."
Kathleen Romagnano, President and CEO of M.Y. Safra Bank, said: "Our agreement with BTG Pactual will enable us to offer an even broader suite of services and solutions for our clients and opportunities for our employees. We share a commitment to excellence, innovation and personalized service."
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