SAO PAULO, Nov 7 (Reuters) - The newly announced joint-venture by UBS Group AG and Banco do Brasil will help the Swiss bank offset global pressure on investment banking fees, UBS` co-head of investment banking Rob Karofsky told journalists on Thursday.
In a press conference, Sylvia Coutinho, country head of UBS Brazil, said the joint venture will seek a leading position in deals in South America “as soon as possible.” (Reporting by Carolina Mandl Editing by Chizu Nomiyama)
