Andre Esteves Returns to Bank That's a Shadow of Former Empire
- Freed from house arrest, former CEO may work as top adviser
- `There's still a lot of uncertainty about the bank's future'
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Hours after Brazil’s Supreme Court freed him from house arrest, a smiling Andre Esteves addressed employees in an auditorium at Grupo BTG Pactual’s headquarters to deliver an important message: he’s back.
While the billionaire didn’t say what he’ll be doing in his impromptu Monday night gathering, the bank confirmed in a statement on Wednesday that he’ll be a senior partner, advising on strategy and the development of activities and operations. The company he returns to is far different from the one he left after his Nov. 25 arrest.