Ricardo Almendra has stepped down from the Brazil’s asset management firm Credit Suisse Hedging-Griffo, Bloomberg reports. Almendra was a partner at the private banking firm.
The company was founded in 2006, when global financial services firm Credit Suisse Group acquired 50 percent and one of Hedging-Griffo shares for nearly $294 million in cash. Based in Sao Paulo, the firm has $30.3 billion in assets under management.
Click here for the release from Bloomberg.