The Golden Boy of Brazilian Finance Faces His Biggest Threat Yet

Billionaire Andre Esteves of BTG Pactual SA.

Jin Lee/Bloomberg
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The golden boy of Brazilian finance is confronting his toughest threat yet.

Andre Esteves, who transformed Grupo BTG Pactual into the largest independent investment bank in Latin America, is now grappling with fallout from his firm’s loans and investments in companies linked to the nation’s biggest-ever corruption scandal.