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Brazilian digital lender C6 to open New York-based brokerage

Brazil-based digital lender C6 Bank will open a brokerage in New York after obtaining a license from the U.S. Financial Industry Regulatory Authority.

C6 Bank will initially serve institutional clients in the U.S., Europe, Asia and Latin America by offering corporate and sovereign fixed-income bonds. The brokerage next plans to delve into trading stocks, interest and currency contracts.

Israel Colangelo, previously a UBS fixed income trader before joining C6 Bank in September 2018, will head the brokerage's operation, Valor Econômico reported.

The digital lender was founded in 2018 by former executives of Banco BTG Pactual SA. It obtained an operating license earlier in 2019.