(Bloomberg) -- Jive Investments, Brazil’s largest distressed-asset manager, hired Camila Detomi from Credit Suisse Group AG in Brazil.
Detomi, the former head of alternative investments at Credit Suisse Hedging-Griffo Corretora de Valores SA’s private bank, was named a partner who will lead the products unit, Jive said. That business creates, structures and defines selling strategies for new funds. She will also help find merger-and-acquisition opportunities, according to the alternative asset management firm.
XP Inc., Brazil’s biggest brokerage, bought a minority stake in Jive last June, and about 20 of Credit Suisse’s wealthy private-banking clients also acquired shares. The partnership allows Jive to start offering less complicated distressed investments to XP’s mom and pop investors and to grow more aggressively through acquisitions.
Earlier this month, Jive announced a merger with asset manager Maua Capital, creating a firm with 13 billion reais ($2.7 billion) in assets under management and 350 employees.
Before Credit Suisse, Detomi worked for Banco Safra SA in Brazil, HSBC Holdings Plc in London and BNP Paribas SA in Brazil.
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