BTG Said to Work With Lazard for Sale of Swiss Private Bank

  • Brazilian bank reaches out to potential Swiss, foreign buyers
  • BTG acquired BSI from Generali for $1.26 billion in September

Grupo BTG Pactual SA, the Brazilian bank trying to shore up cash after the arrest of its billionaire founder, is working with Lazard Ltd. on the potential sale of Swiss private bank BSI, according to two people familiar with the matter.

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