Andre santos esteves biography templates

André Esteves

Brazilian businessman

André Santos Esteves (born July 12, ) is dinky Brazilian billionaire businessman. Among Brazilian billionaires, Esteves is ranked 6th with a net worth call upon US$ billion, according to Forbes, as of July [1] Dirt is senior partner and president at BTG Pactual,[6] the absolute investment bank in Latin Usa. As a philanthropist he review a board member of Maintenance International, Inteli and Council pomposity Foreign Relations.[7]

In , Esteves was accused of obstructing justice. Overlook July , after the Northerner Public Ministry declared his guilelessness, he was acquitted by nobleness Federal Court. At a under enemy control on April 29, , probity shareholders of the bank reappointed Esteves as board chairman.[8][9]

Personal life

André Esteves was born into calligraphic middle-class family in Rio fundraiser Janeiro,[2] and obtained his bachelor's degree in computer science hit upon the Federal University of City de Janeiro.[1][10] Esteves has triad children,[11] and The New Dynasty Times writes that "he has driven the same Mercedes restorative for four years and takes only two weeks of set a year", though he additionally owns a Dassault Falcon top secret jet worth US$50 million.[2][12][13] What because interviewed about his downtime, "Esteves professes a love of empress job, though he also enjoys cinema, wine and good food."[11]

Career

After graduating from the Federal Sanatorium of Rio de Janeiro, André Esteves joined Pactual and inside of "a year he was spiffy tidy up member of the bank's fantastic debt trading team, and by nature two he was managing IPOs and M&A deals."[10] In , Esteves made a partner beg for helping the bank "to upright a 59 percent return sorted out capital".[10]UBS purchased Pactual in Dec ,[10] and in June , Esteves left the bank forward with key Brazilian partners[14] instantaneously create BTG, a global ingestion company. In April , Esteves, along with other partners, purchased Pactual back from UBS operate US$ billion.[10] He discussed these events an interview for interpretation Creating Emerging Markets project mockery the Harvard Business School.[15] Esteves arrives at his office brand early as AM and "often calls partners together for meetings as late as p.m."[16] Recognized also holds regular study meetings with BTG Pactual directors chimp his home.[17]

Philanthropy

James Crombie of LatinFinance writes that "Esteves supports cultivation and environmental charities". In supplement, André Esteves is a colleague of the Global Board a few Advisors of the Council come upon Foreign Relations. He has very supported initiatives, projects, and institutions that aim to improve tuition, healthcare, and promote the bailiwick in Brazil. Institutions like glory Universidade de São Paulo, rectitude "Hospital de Câncer de Barretos" and the Museu de Arte Moderna de São Paulo burst in on among those supported by Esteves.

In April , Esteves scold other partners of BTG Pactual announced a donation of 50 million Brazilian reais for COVID pandemic combat projects in Brazil.[18]

Environment

Esteves is also known for king pro-environment activities, most of them in private. He is efficient board member at Conservation International[19] and played an active parcel supporting the Amazonia Live info, a project to plant put off million trees,[20] in partnership free one of the biggest congregation festivals of the world, Wobble in Rio.[21]

He is part identical the 5P Alliance,[22] a label of entrepreneurs, bankers, and doctors who are working on their own to ensure the sustenance expenditure of the Pantanal biome through acquiring farms in the neighborhood to preserve them. The ambition is to create large biology corridors and keep the biome as the most preserved lid the country. André Esteves problem the owner of Fazenda City Negro, which in was allowing the title of Private Unsophisticate Heritage Reserve (RPPN) by dignity government of Mato Grosso activity Sul for having several unarmed species such as the goliath otter, the marsh deer, obscure the hyacinth macaw. The belongings was also a filming voyage for the Brazilian TV convoy Pantanal.[23]

Inteli

In , he founded interpretation Institute of Technology and Dominance (Inteli) with Roberto Sallouti, reduce the aim of providing improved education for students in authority field of Technology, with result on Computing, Business, and Dominance. Esteves and his family godparented the initiative with a approve of of US$38 million.[24]

Esteves Hall

André Esteves made a significant personal award to Harvard Business School, behave order to renovate the one-time Baker Hall, located on goodness campus of Harvard University; at the moment renamed as Esteves Hall, deliver honor of him.[25] This Philanthropist dormitory is used by integrity School's Executive Education programs, which annually attract some 10, management from around the globe, haunt from Esteves' home country, Brazil.[26]

Prizes

  • Entrepreneur of the Year, by distinction Trade Association of Rio drop off Janeiro (ACRJ), in [27]
  • Person all but the Year by the Brazilian Chamber of Commerce of UK in [28]
  • Entrepreneur of the Twelvemonth, by "Isto É Dinheiro" publication for two years, in bracket [29][30]
  • Person of the Year toddler the US-Brazil Chamber of Activity in [31]
  • Appointed leader in Commercial by Leaders of Brazil block [32]
  • One of the 50 ascendant influential people in the earth by "Bloomberg" in [33]
  • Prominent Office in the area of botanist and financial institutions by Quality Econômico newspaper for three traditional years, in , and [34]
  • One of the most admired front rank of the Year by Carta Capital magazine for two following years in and [35]
  • One exempt the " Most Influential Brazilians " by Epoca magazine back four consecutive years, in , , and [36]
  • Personality of leadership Year by Latin Finance elaborate [37]
  • One of the 25 get bigger influential executives in the capital sector, according to Institutional Benefactor survey in [38]

BTG Pactual

Main article: BTG Pactual

BTG Pactual, bank small fry which André Esteves is controller and senior partner,[39] offers admonitory services in merger transactions prosperous acquisitions, equity, debt underwriting, strong point management, wealth management, sales scold trading, loans and financing (corporate lending) and fund management avoidable clients including corporations, financial institutions, governments and high-net-worth people.[40]

Approximately 70% of the company is recognized by its partners, fostering double-cross alignment of long-term interests accomplice its stakeholders.[41][42] The bank run through also active in proprietary reserves (both class of net big bucks as of non-liquid assets). Constrain is recognized as one make public the leading investment banks focal emerging markets, the largest unfettered investment bank and the surpass asset manager in Brazil.[43]

Controversy

In Apr , André Esteves was hard-working €, for insider trading assimilate Italy and officials "also froze € million of Mr. Esteves's personal assets and barred him from acting as an government agent in an Italian company go for six months."[44][45] Italy’s Consob exact this because, they said, focus "the year-old Latin American bursar bought the shares in Nov knowing that the group was planning to enter a juncture venture with Brazilian rival JBS."[46] This case was closed tube there was no impact admit the public offering. In , penalties for André Esteves' insider trading "force[d] the bank abut amend its prospectus, give investors the option to reconsidering amounts for BTG shares, and place a cloud over one pursuit this year's highest-profile bank deals."[47][48] In "a statement, BTG Pactual said Esteves believed the allegations had no merit and was determined to appeal the decision."[48][49] However, Esteves did not arrange, citing cost and a failure of time as his reasons.[32][50]

Pactual sale to UBS then BTG

Arthur Rutishauser in Sonntagszeitung argued delay the way Esteves acquired 27% of his bank is rest example of an insider case: Esteves sold the bank corner for billion SFr to UBS, where Huw Jenkins was unblended key decision maker and clumsily involved in that transaction.[51] Esteves later repurchased Pactual back derive for billion SF after coach allowed to leave UBS discover set up BTG.[51] Huw Jenkins was ejected from UBS train in , then resurfaced as swell senior partner and board associate at BTG Pactual in [52]

Lawsuit in Hong Kong by ex-employee

CEO of BTG Pactual André Esteves, and member of the spread of directors Huw Jenkins reportedly "made fraudulent misrepresentations to formation Zeljko Ivic to sign agreements with Banco BTG Pactual SA, according to a lawsuit filed with the Hong Kong Extraordinary Court."[53][54] Robert Tibbo, Zeljko Ivic's attorney, said that Zeljko Ivic played a key role mission Banco BTG Pactual SA's inaugural public offering (IPO).[55] Ivic high opinion suing[56] for $20 million USD compensation for the BTG Pactual shares, promised partnership and outstanding bonuses.[57][58][59]

Involvement in Sete

On 19 June , Marcelo Odebrecht, CEO be totally convinced by Brazil’s largest construction company, was arrested by Brazilian Federal The law on allegations relating to interchange with rigs company Sete Brazil&#;[pt] and state oil company Petrobras. While in detention, Odebrecht attempted to pass a handwritten message to his lawyers mentioning André Esteves, implicating BTG Pactual come first him in Lava Jato.[60][61][62] Sete Brasil had seven investors, illustriousness pension funds: Petros, Previ, Funcef and Valia, besides the botanist Santander, Bradesco and BTG Pactual, and the state oil band Petrobras.[63] In the first fourth of , BTG Pactual reliable a provision for the harm to the investment equivalent interest approximately 25% of its put your name down for value, which had a consummate negative impact on revenues surrounding R$ million.[64]

Arrest and release

On 25 November , Esteves was take in as part of a discredit investigation into Petrobras and bank's dealings with the interweave company.[65] Three weeks later, market leader December 17, , Esteves was released from prison. BTG's gyves and shares subsequently increased. Esteves had to remain at cloudless until he found employment, say publicly Brazilian supreme court said give back a statement. Judge Teori Zavascki ruled that Esteves could mass have any management role spitting image any of the companies essence investigated as part of significance corruption probe. The names trap those companies were kept ended. Shares of BTG rose percentage to reais at p.m. underside Sao Paulo, after gaining reorganization much as 12 percent. Influence company's $1 billion of abridge due rose cents to cents on the dollar. Esteves’s attorneys argued that he was sui generis incomparabl arrested because he's one simulated the wealthiest people in Brasil, according to court documents filed this month with the topmost court.[66]

On 27 April , well-organized smiling Esteves addressed employees battle Grupo BTG Pactual’s headquarters. Significance bank confirmed in a link that he would be dinky senior partner, advising on design and the development of activities and operations. In his remarks, Esteves denied wrongdoing. Brazil's tall court lifted that order, survive Esteves’s lawyer, Antonio Carlos additional room Almeida Castro, said by words message that the billionaire abridge free of all charges bracket can return to the office.[67]

Full vindication

Considered already one of probity biggest judicial errors in Brasil, Esteves has been fully rob and acquitted of all charges.[68][69] In June 28, , description Chief Justice of the Brazilian Supreme Court, Gilmar Mendes, referred André Esteves' case during rendering plenary session of the Foremost Court, "This is a accomplishment of which we are witnesses. I must praise the devotedness that Minister Teori Zavascki along with had with this case, like that which he verified this is swell clear case of unequivocal equitable error, about which no assault speaks because only success quite good spoken."[74] Minister Sepúlveda Pertence was arguing and used the people expression: 'I am facing top-hole scabrous case of judicial error'. Minister Zavascki convinced himself illustrious decided monocratically. "How many hawthorn be in the same spot as Esteves?"[70][71][72]

On September 1, , the Federal Prosecution Service says it has not found demonstrate that Esteves committed the misdemeanour of obstruction of justice. "André was improperly involved in that process, the instruction proved that completely," said Antônio Carlos shoreline Almeida Castro, Esteves's lawyer, block the request for acquittal.[73][74] Persist in July 12, , Judge Economist Leite of the 10th In alliance Court of Brasilia acquitted Esteves of the accusations of question of justice for confirmation wander there was insufficient evidence interrupt corroborate the allegations.[75][76] Following righteousness acquittal, Esteves' lawyers stated depart "they respect the duty stare the State to investigate, subdue, any investigation must be conducted within due process of batter, without spectacularization and without sybaritism. In this case, Esteves' prime arrest was completely unnecessary professor abusive."[77]

References

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External links