Plural Eyes International Move

Brazil’s Plural Capital plans to seek broker-dealer status in the US next year, according to a person familiar with the matter. This is the latest in a string of moves that suggest the Brazilian financial firm plans to broaden its business model. The hiring of ex-BTG Pactual partners Evandro Pereira and Pedro Guimaraes earlier this month was seen as an attempt to carve out a niche in investment banking. The hires follow news of last month’s agreement to acquire Banco Modal in a deal thought to be worth BRL130m ($80m). Plural was founded by a group including former BTG Pactual partners Rodolfo Riechert and Andre Schwartz.