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Bradesco to Expand Europe, Asia Team as ‘Everyone Wants Brazil’

Banco Bradesco SA, Brazil’s second-biggest lender by market value, will expand its operations in Luxembourg, New York and London and open its first Asian unit in Hong Kong in November to meet growing demand for Brazilian assets, Executive Vice-president Norberto Pinto Barbedo said.

“Everybody wants to buy Brazil,” Barbedo, who runs investment banking, brokerage and private banking services said in an Aug. 26 interview in Osasco, a city in the outskirts of Sao Paulo where Bradesco is based. “We see a big opportunity to attract more international business.”