André Esteves back in the control group of BTG Pactual – 29/12/2018 – Market



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André Esteves, founder of Banco BTG Pactual, will return to the bank's control group after the acquittal of corruption charges, according to a statement sent to the CVM (Brazilian Securities and Exchange Commission) on Friday. ] Esteves was arrested in November 2015 as part of the Lava Jato operation, after prosecutors accused him of attempting to buy the silence of the former director from Petrobras, Nestor Cerveró.

He had been forced to leave his position as director of preferred shares after their arrest.

BTG also announced that Marcelo Kalim, one of the bank's main partners after Esteves, would leave the control group and occupy his position as president.

Kalim and former partners of BTG were founded

BTG's controlling group, formerly known as Holding G7, refers to the company as a member of the group of companies, l & # 39; former CEO, Roberto Sallouti, Renato Santos, Porto Antônio, Guilherme Paes and André Esteves

The BTG said in the statement that no member would hold a stake greater than 30%. until December 2022, without providing any other information. The bank did not comment on the case.

After investigating corruption, BTG was forced to cut jobs and lose badets. Esteves returned to the bank in April 2016, but only as a senior consultant.

Chief Financial Officer João Dantas said in August that the return of Esteves would be gradual and that BTG wanted to avoid mistakes made in the past. [ad_2]
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