 In 1988, in partnership with the US bank Salomon Brothers, Jair Ribeiro co-founded Patrimônio, a consultancy firm specialized on mergers and acquisitions.In 1992, Patrimônio became a securities dealer and an investment bank in 1994, in a 50-50 joint-venture with Salomon Brothers.He was the CEO of this institution, which coordinated major operations in the Brazilian capital market, including the privatization of Telebrás, one of the largest privatization processes in Brazil, and the first Brazilian equity offering (ADRs) in the international market (Aracruz S.A.).