BTG Pactual Chile, previously Celfin Capital is a Santiago-based financial services firm created in 1988 comprised of securities brokerage, asset management, wealth management, international funds, corporate finance, and research departments. The latter produces daily and weekly company reports, as well as quarterly economic and technical reports on global markets. Celfin manages some US$11bn in private wealth and third party assets. It also operates subsidiaries in Peru and Colombia. In 2012, Celfin Capital was acquired by Brazil's biggest investment bank, BTG Pactual.