BTG Pactual: The Goldman Sachs of Brazil

Global · Fintech · Founder Journeys

BTG Pactual: The Goldman Sachs of Brazil Global · Fintech · Founder Journeys 01 / 发家路径 02 / 失败与拐点 03 / 关键数据 起步 探索 增长 IPO & Ra… · 2012 · 发家路径 › 起步 IPO & Ra… 2012 Founding… · 1983 · 发家路径 › 探索 Founding… 1983 First Cr… · 1998 · 发家路径 › 增长 First Cr… 1998 核心数据 · 2006 Sale … · 关键数据 › 起步 核心数据 2006 Sale … Legend User UI Agent logic Policy Tool action Context / trace

失败与踩坑

  • • Severely battered in the 1998 emerging m…
  • • Suffering massive losses at UBS during t…
  • • 30%
  • • Recording an annual loss of about BRL 1
  • • Aggressive political-business maneuverin…

关键成功要素

  • • Partnership Culture
  • • Counter-Cyclical Courage
  • • Political-Business Networks
  • • Post-Crisis Deleveraging
  • • Regional Strategy

经验教训

  • • In emerging markets characterized by cha…
  • • Political and business relationships are…
  • • The upside of selling high
  • • Investment banks cannot rely on propriet…
  • • A founder's personal risk is a systemic …