BTG Diversifies Into Mexico Research

BTG Pactual has hired Julio Zamora to run a fledgling Mexico equity research and strategy effort. Zamora was previously MD at Cadogan Management and worked in several buyside and sellside roles before that. He is expected to hire another research analyst and possibly support staff for sales and trading. Zamora will be based in New York and reports to Brazil-based research co-heads Rodrigo Goes and Gustavo Gattass. BTG has established itself as a major Brazil equity player and is now looking to build elsewhere in the region. It wants to establish a local presence in Colombia and Peru by early 2011, and Chile and Argentina are other possibilities for expansion, say senior bankers at the firm. BTG recently hired Rafael Shin to support Alonso Aramburu’s Andean and Southern Cone research coverage.