BTG Pactual Strengthens Senior Management Team with Hire of Eduardo Guardia
BTG Pactual (B3:BPAC11) today announced that former Finance Minister Eduardo Guardia will join the Firm as a Partner and CEO of BTG Pactual Asset Management, the largest independent asset manager in Latin America. He will commence his new role on July 1, 2019. Steve Jacobs will continue to serve as CEO until that date and will then become Executive Chairman of BTG Pactual Asset Management as well as being responsible for BTG Pactual Group’s international investments.
“Eduardo Guardia has had a distinguished career in both the public and private sectors and is an acknowledged leader with significant experience and knowledge of macroeconomics, investment and management,” said Roberto Sallouti, CEO of BTG Pactual. “He has strong relationships with some of the region’s most respected investors and will bring unique insights to our Asset Management team.”
“BTG Pactual continues to demonstrate its commitment to being the leading investment bank in Latin America, with deep relationships and operational scale in the region, complemented by global capabilities and presence,” Guardia said. “I look forward to drawing on my experience to ensure we surpass client expectations and reinforce our leadership position in Latin America.”
Commenting on the appointment, Steve Jacobs said, “Eduardo is a fantastic addition to BTG Pactual and is the ideal person to continue the hugely successful growth of our asset management franchise, especially as we look to grow further in Brazil and Latin America. I look forward to working alongside Eduardo as Executive Chairman as well as focusing on BTG Pactual’s important international investments, including EFG International.”
Guardia most recently served as Brazilian Finance Minister in 2018 and was Executive Secretary to the Finance Minister from 2016 to 2018. He was appointed Treasury Secretary in 2002 and was Head of the São Paulo State Finance Department from 2003 and 2006. Guardia was also an executive director of B3, formerly BM&FBovespa, the São Paulo stock exchange, and served as Chief Financial Officer and Investor Relations Officer of asset manager GP Investments. Guardia has a PhD in economics from Faculdade de Economia e Administração da Universidade de São Paulo (USP).
About BTG Pactual Asset Management
BTG Pactual Asset Management has US$ 50 billion under management. With local offices and teams in the world´s main financial hubs, BTG Pactual Asset Management offers a full range of investment products and services, including different asset classes and strategies such as Fixed Income, Equities, Hedge Funds, Reinsurance, as well as illiquid strategies in Infrastructure, Private Equity, Real Estate and Timberland.
About BTG Pactual
BTG Pactual is the largest investment bank in Latin America, operating in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management. Since its inception in 1983, BTG Pactual has been run as a meritocratic partnership model. It has over 2,000 employees. For more information, visit www.btgpactual.com.