RPT-UPDATE 1-Brazil's BTG launches retail bank led by former TIM CEO [Reuters]
Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV)
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Source: Reuters
RPT-UPDATE 1-Brazil's BTG launches retail bank led by former TIM CEO - Reuters 3 Min Read (Repeats Tuesday’s story with no changes to the text) By Carolina Mandl SAO PAULO, May 28 (Reuters) - Banco BTG Pactual SA , Brazil’s largest independent investment bank, on Tuesday said it was launching a full-service digital retail bank to be led by former Telecom Italia (TIM) Chief Executive Amos Genish. The move opens a new front in BTG Pactual’s challenge to Brazil’s heavily consolidated banking sector, building on its digital investment platform BTG Pactual Digital, launched in 2016 to boost revenues and diversify risk. In addition to its investment funds, BTG said its retail bank will now offer checking accounts, insurance and loans to mid-sized companies, according to a securities filing. Genish built Brazilian telecoms startup GVT into a broadband powerhouse before selling it to Vivendi SA, which flipped it to Telefonica Brasil SA, where he became CEO in 2014. The former Israeli army cap
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VIV
Sec Filings
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- VIV's page on the SEC website