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BTG Pactual looks to make co-CEO, vice chairman positions official

Banco BTGPactual SA will ask shareholders to approve its creation of a vicechairman position, while also allowing for the unit to have twoCEOs, the company said March 29.

The move comes months after BTG Pactual Marcelo Kalim and RobertoBalls Sallouti to be co-CEOs of the bank in the wake of André Esteves'arrest and subsequentresignation in November 2015. It had also tapped John Huw Jenkins Gwili to bevice chairman at that time, while naming Persio Arida to take over Esteves'chairman post.

The extraordinary shareholder meeting to approve thecorporate governance changes is set to take place on April 29.