Bloomberg News

Chile’s Celfin Shelves U.S. Broker Plans, La Segunda Reports

November 23, 2011

Nov. 23 (Bloomberg) -- Celfin Capital SA, a Chilean financial services firm, has put on hold plans to offer broker- dealer services in the U.S., La Segunda reported, citing Chairman Juan Andres Camus.

Celfin received authorization last week from U.S. regulators to provide broker-dealer services, the Santiago-based newspaper reported. Celfin, which is negotiating a merger with Brazil’s Banco BTG Pactual SA, may use the license in the future, La Segunda quoted Camus as saying.

--Editors: James Attwood, Richard Richtmyer

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net


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