Private banking industry in Brazil up 15,9% this year

The private banking industry in Brazil turned R $ 337 billion by September this year, up 15.9% from R $ 290.5 billion computed by December 2009. This amount is divided by 62,700 wealthy customers. The funds are the preferred choice for investors with 42% of total volume, followed by fixed income assets with 34% variable income assets with 19% and other investments such as savings and open pension with 5%. O Estado de Sao Paulo has the largest share of resources, with 58% share, but some regions like the Midwest show strong growth. And the industry employs 1483 professionals. Source: Anbima/Jornal Valor

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About Hildete Vodopives

Hildete de Moraes Vodopives is founder of Brazil Global and of the Harvard Strategists. She is a member of the Brazilian Investment Analysts Association (APIMEC-Rio) where she served as Corporate Relations Director and later, on the board. Hildete advises companies doing business in Brazil.
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