Switzerland’s diversified financial conglomerate UBS has acquired Brazilian independent brokerage firm, Link Investimentos, in a bid to boost its wealth management and onshore investment banking services in the country.
The acquisition will strengthen UBS Brasil’s operations and enables to deliver various services related to equity derivatives, equities, options, exchange-traded fixed income, currencies and commodities in the local and global markets.
Link Investimentos will be known as UBS Brasil Corretora and the acquisition will help UBS to emerge as a leading wealth management and investment banking firm in the Brazilian market.
The Swiss lender has launched a new office in São Paulo’s financial district, which will be the new headquarters of UBS Brasil.
Commenting on the transaction, UBS Americas CEO Robert McCann said, "Bringing UBS and Link Investimentos together further strengthens our regional presence and adds deeper local knowledge and market expertise."
Operating in more than 50 nations, UBS employs approximately 63,000 staff and provides an array of financial products and services, including retail banking, private banking, and wealth management services across the globe.
Established in 1998 as an independent brokerage firm, Link Investimentos serves an institutional client base in the futures,, options, over-the-counter, variable income, private and government bonds, local and international commodity markets.