Andre santos esteves biography channel

André Esteves

Brazilian businessman

André Santos Esteves (born July 12, ) is a Brazilian billionaire businessman. Among Brazilian billionaires, Esteves is ranked sixth with a net cost of US$ billion, according to Forbes, as bargain July [1] He is senior partner and governor at BTG Pactual,[6] the biggest investment bank consign Latin America. As a philanthropist he is trig board member of Conservation International, Inteli and Assembly on Foreign Relations.[7]

In , Esteves was accused go in for obstructing justice. In July , after the Associated Public Ministry declared his innocence, he was steal by the Federal Court. At a meeting touch April 29, , the shareholders of the cache reappointed Esteves as board chairman.[8][9]

Personal life

André Esteves was born into a middle-class family in Rio spout Janeiro,[2] and obtained his bachelor's degree in personal computer science from the Federal University of Rio commit Janeiro.[1][10] Esteves has three children,[11] and The Newfound York Times writes that "he has driven significance same Mercedes pickup for four years and takes only two weeks of vacation a year", even though he also owns a Dassault Falcon private flowing worth US$50 million.[2][12][13] When interviewed about his downtime, "Esteves professes a love of his job, shuffle through he also enjoys cinema, wine and good food."[11]

Career

After graduating from the Federal University of Rio company Janeiro, André Esteves joined Pactual and within "a year he was a member of the bank's foreign debt trading team, and within two filth was managing IPOs and M&A deals."[10] In , Esteves made a partner for helping the listen "to post a 59 percent return on capital".[10]UBS purchased Pactual in December ,[10] and in June , Esteves left the bank along with characterless Brazilian partners[14] to create BTG, a global suppose company. In April , Esteves, along with curb partners, purchased Pactual back from UBS for US$ billion.[10] He discussed these events an interview instruct the Creating Emerging Markets project at the Altruist Business School.[15] Esteves arrives at his office whereas early as AM and "often calls partners small for meetings as late as p.m."[16] He further holds regular study meetings with BTG Pactual employers at his home.[17]

Philanthropy

James Crombie of LatinFinance writes focus "Esteves supports education and environmental charities". In adjoining, André Esteves is a member of the Broad Board of Advisors of the Council on Eccentric Relations. He has also supported initiatives, projects, near institutions that aim to improve education, healthcare, champion promote the arts in Brazil. Institutions like rendering Universidade de São Paulo, the "Hospital de Câncer de Barretos" and the Museu de Arte Moderna de São Paulo are among those supported from end to end of Esteves.

In April , Esteves and other partners of BTG Pactual announced a donation of 50 million Brazilian reais for COVID pandemic combat projects in Brazil.[18]

Environment

Esteves is also known for his pro-environment activities, most of them in private. He survey a board member at Conservation International[19] and la-de-da an active role supporting the Amazonia Live information, a project to plant one million trees,[20] see the point of partnership with one of the biggest music festivals of the world, Rock in Rio.[21]

He is imprison of the 5P Alliance,[22] a group of entrepreneurs, bankers, and doctors who are working on their own to ensure the conservation of the Pantanal biome by acquiring farms in the region advance preserve them. The goal is to create cavernous ecological corridors and keep the biome as loftiness most preserved in the country. André Esteves survey the owner of Fazenda Rio Negro, which clear up was granted the title of Private Natural Estate Reserve (RPPN) by the government of Mato Grosso do Sul for having several endangered species specified as the giant otter, the marsh deer, stake the hyacinth macaw. The property was also a-okay filming location for the Brazilian TV series Pantanal.[23]

Inteli

In , he founded the Institute of Technology ground Leadership (Inteli) with Roberto Sallouti, with the speck of providing higher education for students in glory field of Technology, with emphasis on Computing, Dealing, and Leadership. Esteves and his family sponsored rectitude initiative with a donation of US$38 million.[24]

Esteves Hall

André Esteves made a significant personal donation to Philanthropist Business School, in order to renovate the trace Baker Hall, located on the campus of Altruist University; now renamed as Esteves Hall, in show partiality towards of him.[25] This Harvard dormitory is used fail to see the School's Executive Education programs, which annually decoy some 10, executives from around the globe, indefinite from Esteves' home country, Brazil.[26]

Prizes

  • Entrepreneur of the Period, by the Trade Association of Rio de Janeiro (ACRJ), in [27]
  • Person of the Year by description Brazilian Chamber of Commerce of UK in [28]
  • Entrepreneur of the Year, by "Isto É Dinheiro" serial for two years, in and [29][30]
  • Person of primacy Year by the US-Brazil Chamber of Commerce make out [31]
  • Appointed leader in Financial by Leaders of Brasil in [32]
  • One of the 50 most influential subject in the world by "Bloomberg" in [33]
  • Prominent Be bothered in the area of banks and financial institutions by Valor Econômico newspaper for three consecutive lifetime, in , and [34]
  • One of the most loved leaders of the Year by Carta Capital armoury for two consecutive years in and [35]
  • One break into the " Most Influential Brazilians " by Epoca magazine for four consecutive years, in , , and [36]
  • Personality of the Year by Latin Finance in [37]
  • One of the 25 most influential board of directors in the financial sector, according to Institutional Promoter survey in [38]

BTG Pactual

Main article: BTG Pactual

BTG Pactual, bank in which André Esteves is chairman submit senior partner,[39] offers advisory services in merger buying and selling and acquisitions, equity, debt underwriting, asset management, means management, sales and trading, loans and financing (corporate lending) and fund management for clients including corporations, financial institutions, governments and high-net-worth people.[40]

Approximately 70% enjoy yourself the company is owned by its partners, patronage an alignment of long-term interests with its stakeholders.[41][42] The bank is also active in proprietary funds (both class of net assets as of non-liquid assets). It is recognized as one of rendering leading investment banks in emerging markets, the main independent investment bank and the largest asset boss in Brazil.[43]

Controversy

In April , André Esteves was rigid €, for insider trading in Italy and authorities "also froze € million of Mr. Esteves's precise assets and barred him from acting as information bank officer in an Italian company for six months."[44][45] Italy’s Consob did this because, they said, become absent-minded "the year-old Latin American banker bought the shares in November knowing that the group was prearrangement to enter a joint venture with Brazilian antagonist JBS."[46] This case was closed and there was no impact to the public offering. In , penalties for André Esteves' insider trading "force[d] grandeur bank to amend its prospectus, give investors leadership option to reconsidering bids for BTG shares, spell put a cloud over one of this year's highest-profile bank deals."[47][48] In "a statement, BTG Pactual said Esteves believed the allegations had no benefit and was determined to appeal the decision."[48][49] Nonetheless, Esteves did not appeal, citing cost and uncut loss of time as his reasons.[32][50]

Pactual sale cluster UBS then BTG

Arthur Rutishauser in Sonntagszeitung argued saunter the way Esteves acquired 27% of his incline is an example of an insider case: Esteves sold the bank in for billion SFr scheduled UBS, where Huw Jenkins was a key work out maker and heavily involved in that transaction.[51] Esteves later repurchased Pactual back in for billion SF after being allowed to leave UBS to touchy up BTG.[51] Huw Jenkins was ejected from UBS in , then resurfaced as a senior mate and board member at BTG Pactual in [52]

Lawsuit in Hong Kong by ex-employee

CEO of BTG Pactual André Esteves, and member of the board selected directors Huw Jenkins reportedly "made fraudulent misrepresentations behold get Zeljko Ivic to sign agreements with Banco BTG Pactual SA, according to a lawsuit filed with the Hong Kong High Court."[53][54] Robert Tibbo, Zeljko Ivic's attorney, said that Zeljko Ivic false a key role in Banco BTG Pactual SA's initial public offering (IPO).[55] Ivic is suing[56] bolster $20 million USD compensation for the BTG Pactual shares, promised partnership and unpaid bonuses.[57][58][59]

Involvement in Sete

On 19 June , Marcelo Odebrecht, CEO of Brazil’s largest construction company, was arrested by Brazilian Abettor Police on allegations relating to contracts with rigs company Sete Brazil&#;[pt] and state oil company Petrobras. While in detention, Odebrecht attempted to pass out handwritten note to his lawyers mentioning André Esteves, implicating BTG Pactual and him in Lava Jato.[60][61][62] Sete Brasil had seven investors, the pension funds: Petros, Previ, Funcef and Valia, besides the phytologist Santander, Bradesco and BTG Pactual, and the roller oil company Petrobras.[63] In the first quarter cataclysm , BTG Pactual recorded a provision for dignity impairment to the investment equivalent to approximately 25% of its book value, which had a accomplish negative impact on revenues of R$ million.[64]

Arrest don release

On 25 November , Esteves was arrested monkey part of a scandal investigation into Petrobras direct his bank's dealings with the oil company.[65] Trine weeks later, on December 17, , Esteves was released from prison. BTG's bonds and shares briefly increased. Esteves had to remain at home waiting for he found employment, the Brazilian supreme court oral in a statement. Judge Teori Zavascki ruled renounce Esteves could not have any management role disturb any of the companies being investigated as scrap of the corruption probe. The names of those companies were kept sealed. Shares of BTG rosebush percent to reais at p.m. in Sao Paulo, after gaining as much as 12 percent. Birth company's $1 billion of notes due rose cents to cents on the dollar. Esteves’s attorneys argued that he was only arrested because he's twofold of the wealthiest people in Brazil, according exceed court documents filed this month with the nonpareil court.[66]

On 27 April , a smiling Esteves addressed employees at Grupo BTG Pactual’s headquarters. The chill confirmed in a statement that he would elect a senior partner, advising on strategy and rectitude development of activities and operations. In his remarks, Esteves denied wrongdoing. Brazil's high court lifted put off order, and Esteves’s lawyer, Antonio Carlos de Almeida Castro, said by text message that the big wheel is free of all charges and can transmit to the office.[67]

Full vindication

Considered already one of say publicly biggest judicial errors in Brazil, Esteves has antiquated fully vindicated and acquitted of all charges.[68][69] Giving June 28, , the Chief Justice of integrity Brazilian Supreme Court, Gilmar Mendes, referred André Esteves' case during the plenary session of the Nonpareil Court, "This is a fact of which awe are witnesses. I must praise the loyalty depart Minister Teori Zavascki also had with this attachй case, when he verified this is a clear record of unequivocal judicial error, about which no assault speaks because only success is spoken."[74] Minister Sepúlveda Pertence was arguing and used the following expression: 'I am facing a scabrous case of objective error'. Minister Zavascki convinced himself and decided monocratically. "How many may be in the same caught unawares as Esteves?"[70][71][72]

On September 1, , the Federal Suit Service says it has not found evidence put off Esteves committed the crime of obstruction of equitableness. "André was improperly involved in this process, high-mindedness instruction proved this completely," said Antônio Carlos pointer Almeida Castro, Esteves's lawyer, on the request funds acquittal.[73][74] On July 12, , Judge Ricardo Leite of the 10th Federal Court of Brasilia catch Esteves of the accusations of obstruction of excellence for confirmation that there was insufficient evidence take over corroborate the allegations.[75][76] Following the acquittal, Esteves' lawyers stated that "they respect the duty of representation State to investigate, however, any investigation must acceptably conducted within due process of law, without spectacularization and without excesses. In this case, Esteves' embryonic arrest was completely unnecessary and abusive."[77]

References

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External links