UPDATE 1-BTG Pactual's Swiss business BSI says client outflows manageable -paper

martes 15 de diciembre de 2015 14:13 GYT

(Adds more quotes and background)

ZURICH Dec 15 (Reuters) - Customer outflows from Swiss private bank BSI are "absolutely manageable" despite the turbulence at Brazilian parent Grupo BTG Pactual, BSI Chief Executive Stefano Coduri told a Swiss newspaper.

He told Finanz und Wirtschaft in an interview released ahead of publication on Wednesday that BSI was operating normally and its liquidity and equity positions were "outstanding".

He declined to be drawn on sale prospects for the bank but said the situation at BTG Pactual had to stabilise or else an "alternative solution" had to be found for BSI.

He said he could imagine BSI being integrated into a bigger group should it come to a sale as long as they had complementary interests. "I expect a buyer would try to use and expand BSI's strengths."

Grupo BTG Pactual's stock and bonds have are rallied in a sign of confidence that the Brazilian investment bank is making progress towards selling assets and raising cash two weeks after the arrest of founder André Esteves.

BTG Pactual is in talks with international banks over the sale of BSI, which it bought only in September, a source with knowledge of the plan told Reuters this month.

Some clients -- particularly from Latin America -- are leaving BSI or reducing their exposure given the events at BTG Pactual, Coduri was quoted as saying.

"The sums are absolutely manageable. Customers know that BSI works fully independently from BTG," he said without being more specific. Latin American clients accounted for 10-15 percent of assets under management, he said.   Continuación...