Tag: BTG Pactual

• Thursday, April 23rd 2026 - 12:28 UTC

  Latin America's largest investment bank targets Uruguay as regional hub after acquiring local HSBC unit

  

  Brazilian group BTG Pactual, Latin America's largest investment bank, is awaiting authorisation from Uruguay's Central Bank (BCU) to begin operating in the local financial market following its $175 million acquisition of HSBC Uruguay, agreed in July 2025. Group executives expect regulatory approval to come through by mid-year, allowing them to begin operations gradually in the second half of 2026.

• Tuesday, July 29th 2025 - 10:30 UTC

  HSBC sells out operations in Uruguay to leading Brazilian bank

  

  Brazilian bank BTG Pactual has acquired the Uruguayan operations of British bank HSBC for US$175 million, marking BTG Pactual's entry into Uruguay and HSBC's exit from the market as part of its global restructuring strategy. The deal, announced on Monday, includes both equity and additional capital instruments and is subject to regulatory approvals.