Itau Builds Equity Team

Khalil Adam has become the latest person to join Itau’s equity team as the Brazilian bank continues to expand its footprint across LatAm. Adam comes to Itau from Santander and will be part of a four person equity sales team in New York. He replaces Marcelo Spinelli who recently left Itau to go to BTG Pactual, and will start work on August 29 after finishing gardening leave. The Brazilian bank brought in Ricardo Cavanagh earlier this year in Argentina where he is mandated to build up the bank’s Southern Cone efforts. Cavanagh reports to Carlos Constantini , global head of research, who in turn reports to Chris Egan, head of equity and exchange-traded derivatives. Barbara Angerstein has also been brought on-board from local Chilean shop Celfin and will head Itau’s equity efforts in that country. The bank is now looking to hire equity experts in Peru and Colombia as well.