UBS acquires majority stake in Brazil's largest multi-family office

Switzerland’s UBS Group has agreed to buy a majority stake in Consenso Investimentos Ltda, Brazil’s largest independent multi-family office, in what will be seen as a bet of confidence that better times are coming for the troubled South American country. News of the acquisition came on Tuesday as Brazil’s president, Michel Temer, was facing calls to resign amid a worsening political crisis. Tens of thousands of demonstrators hit the streets of Brasilia, the country’s capital, on Wednesday, and today Temer ordered troops to take charge, in an effort to restore order. The UBS/Consenso d...