Nov 6 (Reuters) – UBS Group AG:
* UBS AND BANCO DO BRASIL SET TO LAUNCH A LEADING INVESTMENT BANK IN SOUTH AMERICA
* NEW INVESTMENT BANK IS EXPECTED TO BE ESTABLISHED THROUGH COMBINATION OF ASSETS FROM BOTH STAKEHOLDERS
* THE CHAIRPERSON WILL BE APPOINTED BY BANCO DO BRASIL, AND UBS WILL APPOINT THE VICE-CHAIRPERSON AND CEO
* BANCO DO BRASIL AND UBS WILL EACH APPOINT THREE BOARD MEMBERS
* UBS GROUP -CO INTENDS TO CONTRIBUTE ITS OPERATIONAL INVESTMENT BANKING PLATFORM IN BRAZIL & ARGENTINA,& ITS INSTITUTIONAL BROKERAGE BUSINESS IN BRAZIL
* FOR THE NEW INVESTMENT BANK UBS WILL HOLD A 50.01% OWNERSHIP STAKE AND BANCO DO BRASIL 49.99%
* BANCO DO BRASIL INTENDS TO CONTRIBUTE EXCLUSIVE ACCESS RIGHTS TO ITS CORPORATE CLIENTS Source text for Eikon: Further company coverage:
