Hedge Fund Ace Capital Co-Founder Joins Bradesco as Head of Credit Trading

Banco Bradesco SA, Brazil’s third-biggest bank by market value, hired Gabriel Trebilcock, one of the founding partners of hedge fund Ace Capital, to head its local credit sales and trading desk as the lender aims to double the business in two years.

“We want to position ourselves as the biggest treasury desk in Brazil for sales and trading of local bonds from banks, corporates and all kinds of tax-exempt papers, and brought in a very experienced executive to beef up our team,” said Bruno Cardoso, who’s responsible for the business as well as for sales and structuring of derivatives, foreign exchange and fixed income for clients of Bradesco’s treasury desk.