BTG Pactual has extended its reign in Brazil sales.

For the fourth year in a row, the domestic firm has been voted No. 1 in Institutional Investor’s All-Brazil Sales Team, based on the votes of buy-side money managers with significant holdings in the country.

Their opinions once again buoyed BTG Pactual above a competitive local field that also saw gains. While Bradesco BBI repeated its second-place finish, Santander improved two spots this year to take third. Itau BBA placed fourth, followed by Credit Suisse — the only global firm to crack the top five.

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