André Esteves is a notable Brazilian dealmaker who has made significant strides in the financial sector. His recent acquisition of the Brazilian operations of Julius Baer marks a pivotal moment in his career, showcasing his strategic acumen and ability to navigate complex financial landscapes.

Esteves has successfully completed his third acquisition of a Swiss financial institution, further enhancing his wealth through these transactions. The decision to sell was influenced by a sharp decline in private client retention, which arose amid increasing uncertainty regarding Julius Baer’s future in Brazil.

The deal, valued at around $100 million, has been finalized with BTG Pactual, Esteves’ financial services firm, taking over the private bank’s operations. This acquisition not only reflects Esteves’ business prowess but also highlights the shifting dynamics within the financial industry.

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