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Argentine Bankers Launch Columbus Zuma, Look for Acquisitions
By Carolina Millan
Company looks to buy a broker, grow in investment banking
Firm expects capital markets bill to aid foreign investment
Argentine bankers are merging two investment firms in a bid to benefit from growth in the local market.
Local investment firms Columbus Merchant Banking and Zuma Advisors are merging into Buenos Aires-based Columbus Zuma Investment Banking, a group focused on capital markets, trading and wealth management. The partners for the new firm include a group of former Citibank bankers for Argentina and Latin America, and traders from institutions including Lehman Brothers Holdings Inc.
Columbus Merchant Banking acted as Financial Advisor to Novecento shareholders in the sale of Novecento operations in the US and Caribbean region
Columbus Merchant Banking acted as Financial Advisors to Pepsico on the sale of Dilexis S.A.