Banco Santander (Brasil) SA hired Renato Boranga as head of mergers and acquisitions and appointed Pedro Leite da Costa head of equity capital markets, Reuters reported.

The appointments were decided by Gustavo Miranda, who was recently named head of investment banking at the Banco Santander SA unit, as part of an investment banking overhaul aimed at boosting the bank's market share.

Boranga formerly worked at Moelis & Co., while Leite da Costa's previous experience includes roles at Goldman Sachs Group Inc. and advisory firm One Partners.

The hires come as 2019 capital markets activity in Brazil reached its highest level in a decade and is expected to hit a new record in 2020. "We intend to finish 2020 in leading positions at the equity league tables," the newswire quoted Miranda as saying.

Santander Brasil has also tapped Giovanni Bosco as head of energy banking, including M&A and equity capital markets. Bosco previously worked in the bank's project finance division.