Francisco Augusto da Costa e Silva is on the board of Cielo SA and Pontifícia Universidade Católica do Rio de Janeiro and Member-Securities Analyst Oversight Council at Assoc dos Analistas e Profissionais de Invt do Mercado de Cap, Member of Associação dos Investidores no Mercado de Capitais and Partner at Bocater, Camargo, Costa e Silva,. Rodrigues Advogados.

In the past he held the position of President-Commission at Brazilian Securities & Exchange Commission, Member-Arbitration Chambers at BM&FBovespa SA, Controller of Banco Nacional de Desenvolvimento Econômico e Social SA, Professor at the University of Candido Mendes, Professor at Getulio Vargas Foundation and Professor at Universidade Estadual do Rio de Janeiro.

He received a graduate degree from Universidade Estadual do Rio de Janeiro and an MBA from COPPEAD Graduate School of Business.