BTG Taps Veteran EM Syndicate Banker

BTG Pactual has appointed Cindy Powell head of fixed income syndicate, effective yesterday. Powell has been out of the market since late 2008, when she left JPMorgan in a round of job cuts focused on investment banking. She was an MD and head of LatAm syndicate at JPMorgan, which she joined from Chase after the merger in 2001. Powell was popular with investors and issuers and is expected to be a significant addition to the BTG debt team. BTG last year poached LatAm DCM specialist Sandy Severino from Citi. The firm is expected to lean heavily on Brazil coverage, but it is also expanding elsewhere in LatAm. It has played a lead role in recent bond deals for GVO, Petrobras and BR Malls.