Brazilian investment bank BTG Pactual plans to use Uruguay as a regional hub after acquiring HSBC Uruguay for $175 million. The group is currently awaiting approval from Uruguay's Central Bank to begin operations in the local market.

<p> <img alt="Founded in 1983 in Rio de Janeiro, the group is present in Brazil, Argentina, Chile, Colombia, Mexico, and Peru" height="80" src="https://en.mercopress.com/data/cache/noticias/109903/100x80/foto.jpg" style="float: left; margin: 0 12px 6px 0; border: 1px solid #333;" width="100" /> Brazilian group BTG Pactual, Latin America's largest investment bank, is awaiting authorisation from Uruguay's Central Bank (BCU) to begin operating in the local financial market foll...