Andre Esteves is a Brazil based mathematician and businessman, who is currently serving as the CEO of BTG Pactual. He came into news mainly for his Italian insider trading controversy, for which he had to pay a fine of €350,000. Born in a middle class Brazilian family, he was educated in mathematics, and entered the banking sector to become a huge success in life. Esteves is one of the top 15 billionaires in Brazil.
Andre completed his graduation in computer science from Federal University of Rio de Janeiro. After that, he joined Pactual as an intern, and became a member of its foreign debt trading department within 1 year. Within a couple of years, he started managing its M&A deals and IPOs. This was the time when Brazil was going through a condition of hyperinflation. In 1992, he gained partnership of the bank for posting 59% return on capital. He sold the bank to UBS in the year 2006, and formed UBS Pactual, a Brazilian subsidiary. In 2008, he and 30 other UBS employees left the bank, and created BTG together. In 2009, he and his partners bought the Pactual back from UBS for $2.5 billion.