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Ambereen Choudhury & Francisco Marcelino: The rise and fall of Brazil's banking golden boy

From fixing computers at Pactual to turning it into Latin America's largest independent investment bank, 47-year-old billionaire Andre Esteves came a long way. His arrest in a graft scandal puts Pactual's future in jeopardy

Ambereen Choudhury & Francisco Marcelino 

Ambereen Choudhury & Francisco Marcelino Andre Esteves, the brash banker who once joked his firm's name, Grupo BTG Pactual, stood for "better than Goldman", became the latest high-profile executive dragged into Brazil's widening corruption scandal. The 47-year-old billionaire was arrested in Rio de Janeiro on Wednesday, along with Senator Delcidio Amaral, police said. Esteves allegedly sought an agreement with Amaral to interfere with testimony from a jailed former executive of oil producer Petroleo Brasileiro SA, according to a court document. Esteves made a splash on the international financial stage - and ...

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First Published: Thu, November 26 2015. 21:44 IST
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