New York-based Goldman Sachs Group Inc. said it has appointed bankers Antonio Pereira and Fabio Bicuda as co-heads for its investment banking in Brazil as it seeks leverage growth in structure finance and corporate lending in the Latin American country.

 Bicudo and Pereira worked as co-chief operating officers of Goldman's investment banking business unit in the country before they took their new positions, a memo sent to Reuters showed.

Bicudo used to work in mergers and acquisitions while Pereira was held responsible for debt capital markets deals for some time in the company.  

Goldman Sachs announced the appointments the same day it disclosed the plan of its chairman of the investment banking in Brazil, Daniel Wainstein, to retire after 13 years.

The company eyes for growth opportunities in Brazil where there are all-time low interest rates and growing debt and hedging instruments.