Grupo BTG Pactual SA is trimming assets and bolstering regulatory capital ratios in an effort to weather a protracted economic downturn and political crisis in Brazil, its chief executive officer said on Thursday.
CEO André Esteves has trimmed both the assets and the loan book of the largest independent emerging markets-based investment bank by 6.7 percent and 0.6 percent, respectively, in the latest quarter. The bank also took additional provisions for problem loans and proprietary investments in the oil and gas industry
Esteves’ more conservative tack aims to insulate BTG Pactual from Brazil’s steepest downturn in 25 years, marked by declining commodity prices and weak capital markets.
Brazil Energy Insight 
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