The Swiss bank is collaborating with a Colombian investment bank. The deal marks an expansion of UBS' focus on big Latin American economies.
Zurich-based UBS and Inverlink, a Bogota-based investment bank, signed a pact to jointly provide capital markets services in Colombia as well as select deals in wider Central America and in the Caribbean, it said in a statement overnight. The partnership significantly deepens UBS' reach in Latin America, where is has focused on big markets like Brazil and Mexico.
Interlink gives UBS entree in the Colombian market, where UBS sees «significant growth opportunities,» UBS' Ros L'Esperance said. The Colombian deal broadens UBS' footprints in Latin America, where it also partners with Banco do Brasil, L'Esperance said. She is the Swiss bank's co-head of global banking, with Javier Oficialdegui.
The Swiss bank said it is positioned to become the top provider of investment banking services in Colombia with the agreement. Inverlink was the first investment bank to be founded in Colombia, where local boutiques dominate activity. It specializes in mergers and acquisitions as well as structured and corporate finance.
