Private Banking and Wealth Management Survey 2010 |
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Private banking: Oswald Grübel claims the tide is turning for UBS |
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VALENTINE’S DAY COMES but once a year, but for Brazil romance has been in the air for many months already. "There has been a love affair between Brazilian paper and the rest of the world. Everyone wants a bit of it," says José Leopoldo Figueiredo, founder of asset management boutique Credit Suisse Hedging-Griffo. The equity market has soared on the back of Brazil’s rapid emergence from the global downturn – the MSCI Latin index was up 91% in 2009, more than any other region worldwide.