Question for EM/LATAM guys out there.... outside of the US Primaries (Citi/JP/GS/MS, etc), what is the best Latin American bank to work for, on EM/LATAM trading? I have looked @ Santander, BBVA, BTG, etc, but curious which of the Latin American banks clients view as best.
Thank you,
Avoid spanish banks... they tend to pay lower than the rest and not great places to be... i would go for brazilian banks (BTG, Itau, Bradesco)
Thank you. BTG being the best amongst them?
Perhaps... BTG or Itau (in my opinion!) Both are great options. Would it be for a position based in LatAm?
Most likely United States. Do you have any intel on what positions are like in São Paulo / Mexico City vs NYC/ Miami? Hours , pay etc . I'm making a lateral transfer from structured credit to get on the front lines of Venezuela's situation.
Any help is appreciated ! Thanks everyone
I am not 100% sure, but as far as I know both Brazil and Mexico are good payers and, adjusted by cost of living, you'd be making more than in US. But I can't tell numbers.. I don't cover nor work in any of those two countries (I'm in Argentina, another good place to be -if you are willing to live in a high-inflation country)
PDVSA 24 could be a great deal, if you are brave enough...
isnt the BTG ceo in jail?
Yes - Operation Car Wash. Itau looks like a heavy hitter though. Any thoughts on BTG vs Itau ?
In Brazil, Santander is a big player and is almost like a local champion despite being European.
Itau is strong too.
Among the bulge brackets, Credit Suisse is very strong for trading in Brazil.
Look at some of the Canadian banks too. I know Scotia is pretty prominent in LatAm.
As previously mentioned, Scotia is becoming huge in South America. They are probably the strongest players in commodities excluding Ag.
Great color. Thank you. I'm more focused on Fixed Income: Sov & Corp but its all part of FICC - so much appreciated.
torero Scotiabank/Colpatria just acquired Citi Ops in Colombia. Good call in the growth for Scotia
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