Brazil’s BTG Pactual bank has hired William Royan to launch an equities business within its international asset management unit in London, the Financial Times has reported.

Royan has earlier served as the head of the relationship investment team at the Ontario Teachers’ Pension Plan.

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The move has come at a time when the private bank, run by Brazilian billionaire Andre Esteves, has struck a deal to buy the Swiss private bank BSI.

The bank’s equities business is expected to support the Brazilian bank.

BTG wants to use BSI to target entrepreneurial wealth in emerging markets through investment advice and investment banking services.

Huw Jenkins, head of BTG’s international arm, said: "We are delighted that Bill has joined BTG in London to build an equities business that will target high returns and invest on a global basis."

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