BTG Pactual, the Brazilian investment bank set up by former UBS regional head André Esteves, has hired a managing director from Goldman Sachs to further build its fledging European business.

Charles Rosier worked at UBS prior to Goldman Sachs, making him the latest veteran of the Swiss investment bank to join BTG Pactual. Esteves bought back Banco Pactual from UBS and merged it with his independent boutique BTG in April last year and has recruited heavily from his old firm. Esteves had been chairman and chief executive of UBS' Latin American business before leaving in June 2008.