Capital markets: Will Brazil come back with a bang?

Capital markets could be in for a bumper year in Brazil in 2019, with bankers hoping that a strong economic inheritance and a market-friendly policy agenda will prompt a jolt of activity.

“Our base case is that the pensions reform gets approved this year.”

The view is an outlier, but an important one because the person who is saying this is André Schwartz, deputy chief executive of Brasil Plural and responsible for the investment banking department. 

Schwartz has a long-standing relationship with Paulo Guedes, who will serve as the minister of the economy in the coming Bolsonaro administration. Schwartz worked for him at the firm Guedes created, Pactual, rising to become a partner.

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