Brazil: TMF Group To Establish Corporate Trust Business In Brazil
Last Updated: 24 October 2016
  • Transfer of business to TMF supports continued expansion of TMF Group service portfolio in Latin America
  • Experienced corporate trust employees in Brazil to join TMF Group

17 October, 2016 – TMF Group, a global provider of high value business services to clients operating and investing internationally, announces that it will take over the corporate trust book of business of Deutsche Bank in Brazil.

TMF Group has been expanding its Trust and Corporate Services footprint in Latin America – including Structured Finance and Capital Markets services – as part of its global service line strategy and long term growth plans. Trust and Corporate Services are already available in neighbouring countries such as Argentina, Uruguay, Chile, Peru and Mexico.

In addition, the London-based company offers a range of Global Business Services – including Accounting & Tax Services, HR & Payroll Services and Corporate Secretarial Services.

Raimundo Diaz, Head of Americas at TMF Group, explains: "This transfer will enhance TMF Brazil's ability to participate in the nation's economic recovery, positioning the company as a trusted independent party in financial transactions such as loans, M&A, debt restructuring, project finance and other sensitive activities that require expertise, control and compliance."

Under the terms of the transfer, and upon the completion of certain conditions, the corporate trust accounts currently administered by Deutsche Bank's Brazil unit will begin to be administered by TMF Group starting on or about October 30, 2016.

Deutsche Bank´s corporate trust team will join TMF Group as part of the transfer, allowing current corporate trust clients to be supported by the same team of professionals.

TMF Brazil, which acquired PwC's Brazilian outsourcing division in March 2015, has experienced steep growth in recent years.  The Brazil unit numbers over 700 employees, who support companies of all sizes, both local and international.

For further information, please contact:

Paola Colberg
Tel: +1 305 860 1000 ext 178

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Calvin Chan
By Patrycja Strzelecka
By Darren Beal
By TMF Group
By TMF Group
By André Nagelmaker
By Carlie Bonavia
By Kevin Butler
By TMF Group
By TMF Group
Font Size: