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Jun, 4, 2010 News Release Main Page
Genesis consolidates presence in Brazil through the opening of a local subsidiary
 
Boston, June 4, 2010. Genesis has been steadily expanding its work in Brazil in the past 5 years. In late 2009, this expansion gathered new momentum with the opening of a local subsidiary (Genesis Brasil) to service both global and local accounts.

Genesis Brasil will leverage its global risk training expertise and intellectual capital to tailor high end, custom-made training solutions to key banks and non-banking financial institutions. Projects will be carried out by a mix of local and international talent, in effect putting together the best of both worlds: global perspective grounded by local expertise.

"It is no news that the Brazilian banking system has been undergoing rapid expansion in most areas. As an underbanked economy for much of the past 20 years, the Brazilian economy is experiencing solid growth where credit has played a central role. And as spreads decline and credit expands, competition will become fiercer and so will the need to effectively manage all types of risks, in particular credit risk", says Alex Moreira, Director of Marketing and Business Development, who will also oversee the Brazilian operations. "We are excited about our prospects in Brazil and hope that our global risk management training expertise will contribute to the consolidation of a sound banking system", says Alex Moreira.

Genesis has been working on a more perennial basis in Brazil since 2005 and has since then delivered over 50 in-house training programs to 6 of the 10 main banks. Topic areas have included Retail and Commercial Banking Risk, Corporate and Investment Banking Risk, Corporate Finance, Wealth Management Client Advisory, and High Performance Client Management.

 
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