The calm confidence of Renato Ejnisman, head of investment banking at Bradesco BBI, can be seen throughout the institution, and he exemplifies an assurance that the bank believes will see it realise its goal of becoming the investment bank of choice in Brazil. However, that is not an easy undertaking, since the race to the top is a hard-fought one involving many established names. But given the quick growth of Bradesco BBI’s investment banking division, which was only set up in 2007, and the benefits of being part of the third largest banking group in Brazil, this ambition seems to be grounded in reality.
Bradesco BBI was ranked the second most successful bookrunner in the Brazilian debt capital markets last year, after Itaú BBA, raising a total of $2.6bn for clients. A similar amount – $2.15bn – was placed on the international market, leaving the bank in eighth position in the ranking, according to data provider Dealogic. Some progress has also been made in the mergers and acquisitions space, where the bank ranked eighth place in 2011, having provided advice on 23 deals worth a total of $12.22bn.
