Brazil's Cetip in talks with Germany's Clearstream
SAO PAULO, Feb 12 (Reuters) - Brazil clearinghouse Cetip (CTIP3.SA) said on Friday it is in strategic cooperation talks with Deutsche Borse AG's (DB1Gn.DE) Clearstream.
CETIP is the largest custodian of corporate fixed income securities in Latin America.
The possible deal will include joint development and distribution of collateral management services Cetip offers to its participants, Cetip said in a statement to securities regulator CVM.
Clearstream is a leading securities depository.
Cetip shares closed 0.6 percent higher on Friday, while Brazil's benchmark Bovespa stock index .BVSP fell 0.4 percent. (Reporting by Daniela Machado; writing by Raymond Colitt; editing by Andre Grenon)"
About Me
- Waldemar Jezler
- For over 30 years, Brazilian-American investment banker Waldemar Jezler has worked in the finance sector. Jezler earned his Bachelor's degree in Civil Engineering from the University of São Paulo in Brazil and then went on to attend Harvard Business School for his MBA. While at Harvard, Jezler was highly involved in extracurricular activities, including a term as President of the Ibero American Club.