Credit Suisse Brazil: Following through the upswing

The outlook for both Credit Suisse and Brazil is better than it has been in years, and CEO José Olympio Pereira has his eyes firmly focused on the opportunities coming his way.

The last few years cannot have been easy for Credit Suisse Brazil, buffeted by internal dramas as it twice needed to seek capital through rights issues and by the external challenge of Brazil’s deepest ever recession. But the stresses haven’t visibly marked chief executive José Olympio Pereira.

One of this correspondent’s first interviews on arriving in São Paulo more than seven years ago was with Olympio, just after he was promoted to CEO of the Swiss bank’s Brazilian operations, and he looks now exactly the same as he did at that first meeting.

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