Brazil's Votorantim Forms Investment Bank as Stock, Debt Sales Set Records

(Bloomberg) -- Banco Votorantim SA, the Brazilian
bank controlled by billionaire Antonio Ermirio de Moraes, is
opening an investment-banking unit to capitalize on record stock
and bond offerings in Latin America's biggest economy.

Votorantim, Brazil's 10th-biggest financial group, plans to
capture part of the underwriting boom by courting clients in the
sugar, biofuel and real estate industries, said Pedro Thomazoni
and Silvia Benvenuti, the executives overseeing the new division
for the Sao Paulo-based bank.


Read more at Bloomberg Emerging Markets News