Latin Finance - June 2008 - 11

People Esteves Returns Home André Esteves, head of UBS’s fixed income, currencies and commodities (FICC) business in London, is leaving his global post to return to Brazil, where he will continue to lead UBS Pactual, the shop’s LatAm business. At first blush, the move appears to be a major demotion for the former star trader turned billionaire CEO. Esteves, a proven risk manager and risk taker, was tapped to head UBS’s ailing fixed income division last summer. By year-end, however, rumors circulated that he had sought to buy back Pactual in an effort to appease the shop’s former partners who made no effort to disguise their displeasure at having to share profits with the rest of the sickly Swiss institution. Senior investment banking officials tell LatinFinance that Esteves’ return to Brazil has nothing to do with his rumored shenanigans, the veracity of which UBS has repeatedly denied. The FICC business at UBS, is being overseen on an interim basis by Jerker Johansson, UBS chairman and CEO. Veteran EM Trader Joins Moore Spinoff Veteran EM debt trader Bo Bazylevsky is joining Moore Capital as portfolio manager for a new spinoff fund, James Caird Asset Management (JCAM), based in New York. The fund, which already has $3.5 billion locked up and may grow, will cover all EM globally, including sovereigns and companies, with a focus on larger corporates, says Bazylevsky. He will report to Tim Leslie globally in London and locally to Robert Miller, and be responsible for running global EM. Bazylevsky will start working for Moore June 2, switching over to JCAM when the fund opens it doors officially July 1. Bazylevsky was previously in Lehman Brothers’ global principal strategies group. Lehman colleague Christian Whamond will join him as portfolio strategist at JCAM. EM. Blanco succeeds Luis Caputo, who retired from the bank after 11 years. Meanwhile, Deutsche is moving Johann Grieneisen from London to Brazil as VP in the LatAm ABS group. He replaces Roberto Watanabe, who joined Brazilian structured boutique Oliveira Trust. Elsewhere, José Luis Martínez has joined JPMorgan as executive director in the LatAm investment banking group. The former managing director in Bear Stearns’ investment banking department has expertise in Central America and Caribbean coverage. And LatAm ABS specialist Michael Lucente has resurfaced in Indonesia three months after quitting Merrill Lynch following a 10-year stint there. He has been appointed CEO at PT Bakrie & Brothers, an Indonesian company with interests ranging from property to telecommunications, reporting to president and director Nalinkant Rathod. Lucente will continue to be based in New York, and is not leaving LatAm. “We are very interested in investments in the region,” the banker says. “Several are under consideration,” he adds. PT Bakrie has holdings with a market value of more than $6 billion. Morgan Stanley Poaches CS Mexico Banker Morgan Stanley has hired Jaime Martínez Negrete, a managing director in investment banking at Credit Suisse in Mexico. Martinez will join his new shop mid-July as a managing director in Mexico City, primarily responsible for M&A. He will report to Felipe GarcíaMoreno, head of investment banking for Mexico. Meanwhile, Alberto Baz has returned as CFO of Sare Holding after a one-year leave of absence. Baz previously served as CFO for five years. Fernando Solís, who served as interim CFO during Baz’s personal leave of absence, will lead the Mexican homebuilder’s new institutional relations department. And Paraguay has appointed Miguel Gómez finance minister, following the May resignation of César Barreto Otazu. Gómez was previously vice minister of financial administration. Barreto Otazu will return to the private sector. Incoming president Fernando Lugo has named Dionisio Borda, former finance minister, to take over from Gómez when the new government is sworn in August 15. LF Blanco Goes Back to BA Deutsche Bank has named DCM specialist Marcelo Blanco country head for Argentina and co-head of LatAm capital markets and institutional sales. Blanco, formerly in charge of LatAm debt and equity capital markets, will move to Argentina and share cohead duties with David Hinsley, formerly responsible for EM structured liability origination. Hinsley will also lead derivatives and structured products marketing for LatAm corporates and financial institutions. Argentine national Blanco reports to Seth Waugh, CEO of Deutsche Bank Americas, and Dalinc Ariburnu, global head of UPDATE For daily news of people moves see www.latinfinance.com 2008 June LATINFINANCE 11
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Latin Finance - June 2008

Table of Contents for the Digital Edition of Latin Finance - June 2008
