One of Brazil's Largest Single-Family Offices Boosts Assets to $11 Billion [Financial Post (Toronto, Ontario, Canada)]
Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) (ITUB)
Last itau unibanco banco holding sa american depositary shares (each repstg 500 preferred shares) earnings: 2/11 04:01 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — The family office managing the fortune of Brazil's billionaire Moreira Salles clan boosted its assets under management to nearly $11 billion while adding staff. BW Gestao de Investimentos Ltda., one of Brazil's largest single-family offices, added 5.4 billion reais ($1.1 billion) in assets last year as it raked in dividends from its banking and mining businesses, according to its annual report released this week. The Sao Paulo-based firm also grew its headcount to 78 employees from 69 the year prior. Article content Article content “BWGI has been increasing its workforce to adapt to the new markets that it's begun to operate in,” the firm said in the report. “It's worth highlighting the growth in the technology team to support the increase in new resources.” The firm, which also has an office in New York, is run by Joao Moreira Salles, a 42-ye
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