Merrill Lynch & Co said on Tuesday it hired nine bankers to build up its Brazilian banking operations on property, including seven from rival UBS. "Brazil is a critical growth property market for Merrill Lynch and the appointments confirm its importance," Chief Operating Officer Greg Fleming said in a statement.
The bankers hired from UBS include Alexandre Bettamio, who was co-head of investment banking in Brazil for UBS unit UBS Pactual. He will head investment banking for Brazil property at Merrill Lynch.
Other UBS bankers joining Merrill Lynch are Roderick Greenlees, Hans Lin, Ricardo Moura, Andre Azevedo, Leonardo Mota, and Pedro Garcia.
Merrill Lynch also hired Sebastien Chatel as co-head of Latin America equity capital markets from Credit Suisse and David Panico from Itau/BBA.
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