BTG Pactual has crossed BRL1 trillion ($183bn) in assets under management, driven by the expansion of Brazil’s corporate debt market and the bank’s diversification into exchange-traded funds (ETFs) and direct lending funds (FIDCs), according to its head of fiduciary services, Gustavo Piersanti. He told Valor: “Brazil’s equity market moves in cycles, and we’ve benefited from them, but relying solely on equity funds would be risky. FIDCs and ETFs take up most of our time,” he added, highlighting growing investment in technology to manage different types of receivables and expand operational capa...