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BTG Pactual has just received all the regulatory approvals for the aquisition of FIS Privatbank, a private bank that operates for nearly 30 years in Luxembourg, one of the main banking jurisdictions in Europe. Its expertise comprises the activities of wealth management, asset management and financing activities. The main clients are high net worth individuals, family offices and institutional investors. In June 2023, FIS Privatbank had €400mn in assets under management (AuM).

This is an important step for the future of FIS Privatbank S.A. BTG Pactual is the largest investment bank in Latin America and is active in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management.