Originally from Rio de Janeiro, Esteves started off his career at Pactual as a computer technician.
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All of which sounds like typical master-of-the-universe behaviour, but Mr Esteves does not fit that mould precisely.
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Esteves sold BANK Pactual to UBS in 2006, forming the Brazilian subsidiary UBS Pactual.
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Donaire appeared to knock down Rigondeaux in the opening seconds of the 10th, but referee Benjy Esteves ruled it a slip.
Mr Esteves is only 41, giving him plenty of time to oversee the push into the big league and to make a fortune twice.
Batista hopes the partnership with Esteves will increase his ability to attract capital as well as change his image of someone who does not deliver.
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While studying mathematics at the Federal University of Rio de Janeiro, Esteves joined the IT department of investment bank Pactual as an intern in 1989.
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The fine relates to trades Mr Esteves made in 2007 when he was working for UBS, a Swiss bank, which owned BTG at the time.
After a year spent hoovering up information from traders and making some suggestions of his own, Mr Esteves was given his own berth on the trading floor.
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Some worry that under Mr Esteves, who made his name as a star trader, the firm's centre of gravity might shift towards trading rather than client-driven business.
The proposal was sent to Carrefour on June 27 by a Brazilian company named Gama, which is owned by private investment bank BTG Pactual, run by Forbes billionaire lister Andre Esteves.
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Mr Esteves counters that principal investments, including proprietary trading and private-equity activity are only 15-20% of income, although this is still quite high by the newly chaste standards of Western firms.
Since then, Esteves has been on a roll.
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