 Suffering financial constraints linked to the credit crisis, UBS put Pactual up for sale in 2009 as part of an effort to reduce its risk profile and improve its balance sheet.Esteves repurchased Pactual in 2009 for 2.5 billion Swiss Francs after being allowed to leave UBS to set up BTG.Huw Jenkins left UBS in 2008, and subsequently joined BTG Pactual in 2009 as a consultant, becoming a partner and board member at BTG Pactual in 2010.