Esteves removed from control of BTG Pactual by seven top partners

December 2, 2015 12:07 PM

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SAO PAULO Dec 2 André Esteves was removed from control of Grupo BTG Pactual SA on Wednesday, after agreeing to a share swap with the other seven founding partners of the embattled Brazilian investment bank.

In a securities filing, BTG Pactual said a group named as the top seven partners - Marcelo Kalim, Roberto Balls Sallouti, Persio Arida, Antonio Carlos Canto Porto Filho, James Marcos de Oliveira, Renato Monteiro dos Santos and Guilherme Paes - agreed to take control of the bank from Esteves through ...

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