Grupo BTG Pactual, Latin America’s biggest independent investment bank, was created 32 years ago in Rio de Janeiro by a group of bankers led by Luiz Cezar Fernandes, a former partner at Banco de Investimentos Garantia SA, which also counted billionaire Jorge Paulo Lemann as one of its top executives. Andre Esteves, who’s now BTG’s controlling shareholder and served as chief executive officer until he was arrested Wednesday amid Brazil’s biggest corruption scandal, started his career at the bank in 1989.

* 1983: Luiz Cezar Fernandes teamed up with Andre Jakurski and Paulo Guedes to create Banco Pactual SA. Pactual’s first three letters stand for Paulo, Andre and Cezar.

* 1989: Andre Esteves joins the bank as computer technician.

* 1990: Esteves earns his bachelor’s degree in computer science from the Federal University of Rio de Janeiro.

* 1993: Esteves becomes a partner at the bank.

* 1998: Guedes and Jakurski quit the bank as Fernandes seeks to move the bank into retail banking.

* 1999: Esteves teams up with three other partners, including Gilberto Sayao, to buy Fernandes’s stake in Pactual.

* 2006: UBS Group AG agrees to pay $2.6 billion for Pactual, which had $18.6 billion of client funds at that time, after a failed bid by Goldman Sachs Group Inc.

* 2007: Esteves is appointed as UBS’s head of global fixed-income sales and trading.

* 2008: After leaving UBS, Esteves founds BTG along with Persio Arida and others partners.

* 2009: BTG buys Pactual back from UBS for $2.5 billion to create BTG Pactual.

* 2010: The bank sells a stake of about 19 percent to a group of international investors, including the Rothschild and Agnelli families, for $1.8 billion.

* 2010: BTG buys a 25.6 percent stake of Sao Paulo-based Rede D’Or for about 600 million reais.

* 2010: BTG, Petroleo Brasileiro SA and other partners, including pension funds Funcef and Petros, team up to create oil-rig supplier Sete Brasil Participacoes SA, which has also been ensnared in the Carwash corruption scandal.

* 2011: BTG Pactual agrees to buy a controlling stake in Banco Panamericano SA for 450 million reais with a loan from Brazil’s deposit insurance fund. The auto lender, which later was renamed Banco Pan SA, was facing a fraud probe investigation by the Brazilian government. BTG Pactual also acquired control of real estate company WTorre Properties SA as the bank expanded investments in Brazil’s property sector.

* 2011: BTG Pactual agrees to merge real-estate assets with BR Properties in an all-share transaction.

* 2012: BTG buys Chile’s brokerage firm Celfin Capital SA for $245 million plus 2.4 percent of BTG Pactual equity, and Bolsa y Renta SA, Colombia’s biggest brokerage by trading volume, for $52 million.

* 2012: BTG holds a 3.66 billion-real initial public offering. Shares were priced at 31.25 reais each. Days before the offer, Esteves was fined by Italy’s stock-market regulator for trading on inside information in 2007.

* 2013: BTG advises Eike Batista’s EBX Group Co. and provides a credit line to save the former billionaire’s commodities empire. BTG later canceled the credit line after reviewing the arrangement, a person with direct knowledge of the transaction said in July 2013.

* 2013: BTG creates an oil joint venture in Africa with Petrobras. The bank paid $1.5 billion to take a 50 percent stake in Petrobras’s assets in the region.

* 2013: The bank is said to be planning to expand in commodities hedging, credit and trading while competitors scaled back and prices fell, according to a person with knowledge of the move.

* 2014: BTG agrees to buy Assicurazioni Generali SpA’s private-banking Swiss unit BSI for 1.5 billion Swiss francs ($1.5 billion).

* 2015: BTG sells stake in medical-care provider Rede D’Or, making a 4.4 billion-real gain, a person with direct knowledge of the matter said in April.

* 2015: Esteves is arrested in Rio, accused of trying to interfere with testimony from a former Petrobras executive involved in the Carwash corruption scandal. He resigns as CEO and chairman of the bank.

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