SAO PAULO, Feb 6 (Reuters) - The board of Brazil’s Banco BTG Pactual SA approved a plan to float shares of the group’s private equity and hedge fund operations separately from its investment banking and money management operations, the bank said on Monday. According to a securities filing, the board voted to issue separate units for each division, which will hold the same rights as the current units listed under the “BBTG11” ticker. Grupo BTG Pactual SA, Latin America’s largest independent investment bank, said last month it was mulling the impact of segregating its two business divisions. Banco BTG Pactual SA encompasses the group’s investment banking and money management activities, while BTG Pactual Participations Ltd handles investments made with the bank’s own capital such as private equity, global hedge funds and property. (Reporting by Bruno Federowski; Editing by Bernadette Baum)
The Brazilian arm of Banco BTG Pactual will float shares of its investment banking and money management assets separately from its private equity and hedge fund operations . While BT ##G Pactual handles investment banking and asset management , BTG Pactual also handles investments associated with the bank 's capital , including private equity and property . The current shareholders listed under the " BBTG11 " ticker will hold the same rights after their division into separate units , according to a securities report .