BTG Pactual starts operating in Portugal - Rectification to the news published on 20 January 2020
BTG Pactual seeking to strengthen its presence in Portugal decided to, on a first stage, establish a representative office (escritório de representação) of Banco BTG Pactual, S.A.
Following the authorisation and registration procedure with the Bank of Portugal, Banco BTG Pactual, S.A. – Escritório de Representação has started its activity in Portugal on 31 January 2020.
Banco BTG Pactual, S.A. – Escritório de Representação has its activity scope limited under the applicable legislation and regulation, in particular under the Legal Framework of Credit Institutions and Financial Companies (Regime Geral das Instituições de Créditos e Sociedades Financeiras - RGICSF).
Therefore, Banco BTG Pactual, S.A. – Escritório de Representação activity shall be strictly dependent on BTG Pactual, being only allowed to ensure the interests of BTG Pactual in Portugal and to provide information on the activities in which BTG Pactual intends to participate, outside of the Portuguese territory.
BTG Pactual clarifies that Banco BTG Pactual, S.A. – Escritório de Representação has a limited scope of activity, as explained above, and is not authorised to carry out directly transactions that fall with the scope of the activity of BTG Pactual or to provide investment services in Portugal, notably the following: Wealth Planning, Family Office, Portfolio Management, Alternative Investments and Corporate Advisory.