From: Institutional Investor Daily < Sent: Wednesday, August 8, 2012 2:26 PM To: [email protected] Subject: Local Banks Reign Supreme in Brazil Research </=R> <http://projectsline.com/iimag/images/x.gif> <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: Opx; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=699081&mlndex=1280524301&hurl=htt=%3A//www.institutionali nvestor.com/Article/3072552/BTG-Pactual-Fields-B=azils-Best-Sales-Force.html">BTG Pactual Fields Brazil's Best Sales For=e Two Brazil-based firms= BTG Pactual and Rao BBA, top this year's All-Brazil Sales Team ranking.=/P>Read the full story at i nstitutionali nv=stor.com. <http://ems=2Eeuromoney.com/ems/r.asp?clndex=699081&mlndex=1280524301&hurl==ttp%3A//www.institutionalin vestor.com/Article/3072552/BTG-Pactual-Field=-Brazils-Best-Sales-Force.html> <http://projectsline.com/iimag/images=x.gif> <http://projectsline.com/iimag/images/x.gif> =A style="PADDING-BOTTOM: 0px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIG=T: 0px; FONT-FAMILY: Georgia, 'Times New Roman', Arial; COLOR: #030303; FON=-SIZE: 18px; TEXT-DECORATION: none; PADDING-TOP: Opx" href="http://ems.=uromoney.com/ems/r.asp?clndex=699081&mlndex=1280524301&hurl=htt=%3A//www.institutionali nvestor.com/Article/3072553/BTG-Pactual-No-1-in-=razil-Trading-Services.html">BIG Pactual: No. 1 in Brazil Trading Ser=ices Top in All-Brazil Rese=rch and All-Brazil Sales, BTG Pactual and Rau BBA are also in No. 1 an= No. 2 position in the All- Brazil Trading Team. Read the full story at institutionalinvestor.com. chttp://ems.euromoney.com/ems/r=2Easp?clndex=699081&mlndex=1280524301&hurl=http%3A//www.instituti=nalin vestor.com/Article/3072553/BTG-Pactual-No-l-in-Brazil-Trading-Servic=s.html> <http://projectsline.com/iimag/images=x.gif> =/TR>