WorldVest, a global merchant bank, has incorporated a wholly owned Brazilian operating subsidiary, WorldVest Brasil, which will immediately assume all current WorldVest merchant banking and finance initiatives within Brazil.
WorldVest currently plans to immediately open the initial WorldVest Brasil offices in Sao Paulo, Brazil and subsequently hire senior Brazilian executives to fill key roles managing operations and working closely with WorldVest executives in the US to execute on the ongoing Brazilian merchant banking initiatives.
Garrett Krause, chairman and CEO of WorldVest, said: “With recent events such as the Olympic announcement and the $8 billion Banco Santander Brasil IPO, which remains both the largest IPO of 2009 worldwide and Brazil’s largest IPO in history, we are confident WorldVest is in the right place at the right time.
“These events serve to underscore the tremendous banking & finance opportunities that exist in Brazil. We are extremely pleased with the progress we have made since announcing our initial business opportunities in this market and look to Brazil to play a central role in the continued growth of WorldVest as a premier global merchant bank.”
