BTG Taps Veteran DCM Banker

Veteran LatAm DCM specialist Sandy Severino is heard moving over to BTG Pactual in New York, according to people familiar with the move. BTG has had a good run in equity this year, but is understood to be keen to expand its capital markets offerings. For the year to April 16, BTG is third in the regional equity league table, with $1.037bn in credit from 7 deals, Dealogic data show. It fails to make the top 10 for M&A or DCM, but still ranks fifth in the regional investment bank fees league, with $28m in revenue, or 6.7% of the market. Severino left Citi earlier this month, according to a source at the bank. He is understood to be on gardening leave. Severino joined Citi in 2003 and was latterly a managing director. He was previously at Deutsche Bank.