Brazilian Corporate Forum: Seizing Opportunities in a Dynamic Growth Economy
BB Securities (BBS) is the global capital markets subsidiary of Banco do Brasil. Based in the financial hub of London, BBS began operations in 1994. The company is regulated by the FSA.
The primary function of BB Securities is to meet the requirements of global investors looking to invest in emerging markets, whether they specialise in fixed-income, public or private equity. The company has an expert’s focus on Brazil; our parent is, after all, the largest bank in Brazil.
Banco do Brasil (BB) will celebrate 200 years of expertise in Brazil in 2008. Towards the end of 2007, BB had 24.9 million clients, including 8.4 million internet customers, and 15,161 distribution channels spanning 3,200 cities and 22 countries. The bank has 39,952 ATMs. Total assets reached US$156 billion. Assets under management stood at US$98 billion. Banco do Brasil is a leader in assets, source of funding, loan portfolio, asset management and branches.
Over the last three years, BB’s share price has risen by some 900% in local currency. This is testament to improving credit statistics. In 2006, return on equity reached 32%, efficiency stood at 47.5%, and the capital ratio was 17.3%.
In a commitment to optimal corporate governance and transparency and to Brazil’s Capital Markets, BB listed on the Novo Mercado in 2006. Banco do Brasil’s main shareholder is the National Treasury.
BB Securities’ products include sovereign and corporate bonds in diverse currencies, structured notes, CDs, origination, syndication, structuring, public equities and private equity.
From inception in 1994, BB Securities became a pioneering force in Brazil’s external corporate debt market. Over the years, BBS has built up an enviable track record of originating Brazilian deals in the international debt markets. We have a history of fulfilling the financing needs of good quality Brazilian companies and institutions from the public and private sectors. We also have a proprietary trading desk, focused on credit arbitrage. BBS has developed a highly effective and risk-averse credit trading system. Today, we are very active in the emerging Real Global bond market as well as core dollar-denominated bonds. We have a dedicated salesforce that values its international institutional and retail customer base.
Banco do Brasil Group was recently involved in Bovespa's record-breaking US$3.7bn IPO. Banco do Brasil Group will be increasingly active in Brazil’s IPO market. In fixed-income, BBS has been a lead or co-manager on eight new issues in 2007, totalling over USD 3 billion.
In the private equity arena, BBS benefits from Banco do Brasil’s competitive advantage. BBS has the longest history of working with external clients of any Brazilian financial institution and has an enviable retail and corporate client base. The bank has 1.6 million small and micro business enterprises as clients. BB has 35,500 corporate and middle-market or wholesale customers. These two points alone present a formidable argument for both investors and corporates to utilise the dominant position of Banco do Brasil. BBS provides both specific deal-sourcing opportunities and a co-partnership fund structure for private equity investors. Services at BBS include dedicated research (debt, equity, and macro), custody, and private banking.
Our research tracks a wide range of Brazil’s corporate and banking universe across public and private equity and debt markets, and provides incisive daily and weekly commentaries on global developments. We cover in excess of 100 companies, both listed and unlisted. BBS works closely with an extensive network of analysts in Brazil. Research also produces an annual Company Guide.
Private banking focuses on providing external products and services for private clients in Brazil and abroad. The private banking team is at the cutting-edge of product innovation. BB Securities also offers clearing services as well as safe custody.
BB Securities is a global capital markets firm covering a wide spectrum of products and services. We specialise in Brazil, greatly benefiting from our close proximity to Banco do Brasil. BB’s experience and scale is unrivalled within Latin America. BB Securities is a client-driven organisation. We deeply value our institutional and retail customer base. Our trading activities are backed by in-depth credit analysis. We pride ourselves on knowing our companies. BBS has extensive knowledge of how Brazil functions. In short, BB Securities is the natural advisor and partner for investors committed to Brazil.