Plural Adds Brokerage

Brazil’s Plural Capital has bought the Geracao Futuro brokerage for BRL150m ($79m), it says. The addition allows the Brazilian boutique and asset manager to expand into retail brokerage. Plural executives Eduardo Moreira and Rodolfo Froes will join Geracao as co-heads after the central bank approves the purchase. Geracao has about BRL6bn in assets.