Itau, JPMorgan Hunt for Bond Talent in Latin American Debt Boom
- Brazil is ground zero as banks hire for fixed-income units
- Debt advisers to structure deals as low rates tempt borrowers
Photographer: Patricia Monteiro/Bloomberg
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Brazilian banks are beefing up their fixed-income departments, hanging up “Now Hiring” signs amid a rebound in debt sales across Latin America.
Itau Unibanco Holding SA, Banco Santander SA, Bank of America Corp. and JPMorgan Chase & Co. are among the lenders vying for talent to structure debt deals as the region’s borrowers take advantage of low interest rates. Local bond sales are poised to hit a record in Brazil in 2019, while banks are gearing up for an increase in mergers and acquisitions and new investments next year that will fuel more sales.