Our good standing relationship with the local and international financial community has proven to be very important as a way of implementing and placing strategic Brazilian financial instruments overseas.
As a result of the Wealth Management activity, the Custodial Department experienced a consistent growth during the last two years (2001 and 2002) during which we recorded more than 200% growth. Today we have in custody and under management more than US$70 Billion in various assets and Brazilian public treasury bonds.
As a way of supporting the Custodial Department, the “Fiduciary” Department has been following the same trend.
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