Canaccord Starts Business in New York to Serve Latin Americans
- Bank plans to offer equity and fixed-income sales and trading
- Former XP partner Alejandro Rebelo heads the initiative
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Canaccord Genuity Group Inc., the Toronto-based investment bank, is starting a business in New York offering access to international markets for Latin American institutional clients.
The firm will provide equity and fixed-income sales and trading from Canaccord trading floors in the U.S., Canada, Australia and Asia to funds from the Latin America region, Alejandro Rebelo, who just started at Canaccord as a managing director and is leading the initiative, said in an interview in Sao Paulo. “Latin America fund managers are treated like kings in their own nations, but aren’t big enough to get all the attention needed from large international banks.”