Quadrante Investimentos Ltda, a Brazilian fund that manages about 1 billion reais ($440 million), hired Alvaro Marangoni to help expand its investments outside Brazil.
Marangoni, who spent almost 10 years as head of sales at Morgan Stanley in Latin America’s largest economy, joined Sao Paulo-based Quadrante to focus on global assets, he said.
“Quadrante has been mainly focused on investing in stocks and bonds issued by Brazilian companies or the government,” he said today in a telephone interview from Sao Paulo. “It’s time for us to expand into global assets.”
Marangoni previously worked for Robert Fleming & Co., which was bought by Chase Manhattan in 2000, and Banco Fator SA in Brazil.