EFG International taps ex-Citi Latam director to head Americas team

Marcelo Coscarelli had been managing director for wealthy and HNW clients at Citibank Latin America. From 2008 through 2012, he was COO at Itaú Private Bank International in Miami.

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EFG snatches Swiss bank BSI from Brazil’s BTG Pactual

For BTG, the sale brings much-needed cash after the November arrest of founder André Esteves triggered massive client money outflows. BTG is left with just a 20% stake in the bank it bought just five months ago.

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Foreign private banks set their sights on Chile

Global players that have exhausted their growth opportunities around the globe have set their sites on Chile, which has developed a large class of affluent investors - many of whom have grown nervous about the local economy and present administration.

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