Ítalo Franca

BRZ Investimentos Ltda. is the asset management subsidiary of Weigl Participações SA in Brazil, itself a subsidiary of GP Investments Ltd. (BVMF: GPIV33), a firm based in the Bermuda Islands and listed on the Luxembourg Stock Exchange and traded on the EuroMTF market. The firm was incubated at GP Investimentos in 1998 and formerly known as GP Administração de Recursos. They became BRZ Investimentos in 2007. Headquartered in Sao Paulo, BRZ Investimentos is a multi-product, customer-focused firm which performs in-house research, strict risk control and mainly offers credit and private equity funds strategies.

Itaú Unibanco SA is the asset management subsidiary of Itaú Unibanco Holding SA (BVMF: ITUB4; NYSE: ITUB) in Brazil. The firm was created as Banco Itaú SA when Unibanco and Itaú merged. Headquartered in Sao Paulo, Itaú Unibanco provides a full line of banking services to individual, institutional and corporate clients.

Banco Fibra SA operates commercial, foreign exchange, investment portfolios, credit, financing, and manages investment clubs. Its services include credit operations, anticipation of receivables, export, import, checking account, bank deposit certificate, capital markets, derivatives, and others. The company was founded on February 18, 1988 and is headquartered in Sao Paulo, Brazil.

Fundação Petrobras de Seguridade Social (Petros) is the pension fund management subsidiary of Petroleo Brasileiro SA (SP: PETR3) in Brazil. Established in 1969, the firm manages the Petros Plan of the Petrobras System and the Petros-2 Plan for retirees and pensioners. They also manage pension plans offered by various companies, entities and class associations. They are a socially responsible investor and signatory of the U.N. Principles for Responsible Investment which includes environmental, social and governance issues in their investment analysis and decision-making processes.

Brevan Howard Asset Management LLP (Brevan Howard) is an alternative investment firm headquartered in London, UK. The firm was founded in 2002 and is a subsidiary of BH Partnership Holdings Ltd., ultimately held by Brevan Howard (Jersey) LP. Brevan Howard manages assets for institutional investors around the world including sovereign wealth funds, corporate and public pension plans, foundations and endowments.

Part of Banco Bradesco SA, Bradesco-Kirton Corretora de Câmbio SA provides brokerage services. The company is based in São Paulo, Brazil. Roberto Medeiros Paula has been the CEO of the Brazilian company since 2012.

Part of Morgan Stanley, Morgan Stanley Corretora de Valores Mobiliarios SA is a Brazilian company that offers specialized investment solutions to help clients achieve their investment goals. The company is based in São Paulo, Brazil. The company also provides processes and services to protect clients from cyber threats and online fraud. The company was founded in 2001. Alessandro Zema has been the CEO of the company since 2008.

Credit Suisse (Brasil) SA CTVM (Credit Suisse Brazil) is the Brazilian broker/dealer subsidiary of Banco de Investimentos Credit Suisse (Brasil) SA, itself a subsidiary of Credit Suisse Group AG (SWX: CSGN) in Switzerland. The firm was formerly known as Banco de Investimentos Credit Suisse (Brazil). Headquartered in Sao Paulo, Credit Suisse Brazil operates with brokerage and treasury operations, Fixed Income operations (credit and debt restructuring), issuance of shares and bonds, IPO and mergers and acquisitions (M&A).

Credit Suisse Hedging-Griffo Wealth Management SA (CSHG) is the Brazilian private banking subsidiary of Banco de Investimentos Credit Suisse (Brasil) SA, ultimately held by Zurich-based Credit Suisse Group AG (SWX: CSGN). Formerly known as Hedging-Griffo Corretora de Valores SA, the firm was founded in 2006 when Credit Suisse acquired Hedging-Griffo, an independent asset management and private banking firm. CSHG is headquartered in Sao Paulo and offers a suite of products covering a range of investments from domestic and international equities and bonds to currencies, commodities and interest rate securities.

Part of JPMorgan Chase & Co., JPMorgan CCVM SA is a Brazilian company that provides brokerage services. The company is based in São Paulo, Brazil. The company was founded in 1991. Daniel Darahem has been the CEO of the company since 2020.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Bradesco SA CTVM is the securities brokerage subsidiary of Banco Bradesco BBI SA, itself owned by Banco Bradesco SA (BVMF: BBDC4) in Brazil. Headquartered in Sao Paulo, the firm provides full spectrum of brokerage services specifically tailored for both retail and institutional investors.

Part of Citigroup, Inc., Citigroup Global Markets Brasil CCTVM SA is a brokerage services provider. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1990. Marcelo Marangon has been the CEO of the company since 2013.

Part of Bank of America Corp., Merrill Lynch SA CVTM is a brokerage services provider. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1998. Eduardo Alcalay has been the CEO of the company since 2017.

BV Distribuidora de Títulos e Valores Mobiliários Ltda. (BV DTVM) is an asset management firm headquartered in headquartered in Sao Paulo, Brazil. The firm was founded in 1999 as Votorantim Capital DTVM Ltda., subsequently became Votorantim Asset Management DTVM Ltda. in 2000 and changed their name to BV Distribuidora de Títulos e Valores Mobiliários Ltda. in 2021. They are a subsidiary of Kartra Participaçoes Ltda., which is owned by Banco Bradesco SA (BVMF: BBDC4). BV DTVM manages the assets of third parties and creates customized financial solutions for a range of clients which includes institutional and corporate investors, private banking clients, distributors, and international funds and investors.

Part of Banco BTG Pactual SA, BTG Pactual CTVM SA is a Brazilian company that develops digital banking mobile application software. The company is based in São Paulo, Brazil. The company was founded in 1973. Rodrigo Goes has been the CEO of the company since 2009.

Western Asset Management Company DTVM Ltda. (Western Asset Brazil) is the Brazil-based asset management subsidiary of Legg Mason, Inc., ultimately owned by Franklin Resource, Inc. (NYSE: BEN) in the US. Headquartered in Sao Paulo, the firm provides fixed-income, equities and balanced investment management and advisory services for a wide variety of clients such as charitable, corporate, health care, insurance, mutual fund, public and union organizations.

Part of Itaú Unibanco Holding SA, Itaú BBA SA is a financial company based in São Paulo, Brazil. Itaú BBA offers a complete portfolio of infrastructure solutions for the capital market, tailored to meet the needs of their clients. The Brazilian company's solutions include a range of services for the market of capitals. Caio Ibrahim David has been the CEO of the company since 2019.

Santander Brasil Gestão de Recursos Ltda. (SBG) is the Brazilian asset management subsidiary of Santander Asset Management Investment Holdings Ltd. in Great Britain. Headquartered in Sao Paulo, SBG was founded in 2008 and offers a diversified range of investment funds, managed portfolios and investment advice to individual, corporate and institutional investors.

BW Gestão de Investimentos Ltda. (BWGI) is the alternative investment management subsidiary of Brasil Warrant Administração de Bens e Empresas SA in Brazil. Headquartered in Sao Paulo, BWGI was founded in 1998 and manages various funds for individual and institutional investors.

Agora Gestão de Recursos Ltda. (AGR) is the fund management subsidiary of Kirton Bank SA, itself a subsidiary of Banco Bradesco SA (BVMF: BBDC4, ADR: BBDO) in Brazil. The firm was founded in 2004 as Kirton Gestão de Recursos Ltda. They changed their name to HSBC Gestão de Recursos Ltda. in 2016 and Agora Gestão de Recursos Ltda. in 2019. Headquartered in São Paul, AGR manages mutual funds for individual and institutional clients.

UBS Brasil CCTVM SA is the Brazil-based broker/dealer subsidiary of UBS Brasil Participações S, ultimately owned by UBS Group AG (SWX: UBSG). Headquartered in Sao Paulo, the firm was founded in 1999 and provides broking services to corporate and institutional clients.

Genial Institucional CCTVM SA is the broker/dealer subsidiary of Genial Investimentos Corretora de Valores Mobiliários SA, ultimately held by Holding Plural SA in Brazil. Headquartered in São Paulo, the firm offers a full spectrum of brokerage services for institutional investors, companies and individuals.

SPX Gestão de Recursos Ltda. (SPX Capital) is an independent Brazilian fund management firm which was founded in 2010 by Bruno Pandolfi, Rogério Xavier and Daniel Schneider. Headquartered in Rio de Janeiro, SPX Capital offers discretionary macro and fundamental equity strategies for individual and institutional investors.

Part of Spirit Participações Ltda., Ujay Capital Investimentos Ltda. is an asset management and alternative investment company based in São Paulo, Brazil. Ujay Capital Investimentos offers responsible and flexible fund management, with a focus on ethics, communication, and results. The Brazilian company's private credit team has a proven track record in structuring, distributing, and managing private credit operations. For more information, customers can contact the company's team. The company was founded in 2011 by Antonio Grisi Neto, Christian Klotz, Diego Soares de Arruda. Antonio Grisi Neto has been the CEO since 2011.

J. Safra Asset Management Ltda. (Safra AM) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 1968 and is a subsidiary of Sercom Trade Services Ltda., ultimately held by Grupo Safra SA in Brazil. Founded in 1968, Safra AM manages assets for individual and institutional clients.

Vinland Capital Management Gestora de Recursos Ltda is a private company based in Brazil that aims to generate high risk-adjusted returns by seeking opportunities in various liquid asset classes without geographic restrictions, with a focus on Latin America. Vinland Capital Management Gestora de Recursos has subsidiaries in Cayman Islands. The Brazilian company was founded by Rogério Freitas.

Verde Asset Management SA (Verde) is the investment management subsidiary of Holding Verde Empreedimentos e Participações SA in Brazil. The firm was founded by Luis Stuhlberger in 2015. Headquartered in Sao Paulo, Verde manages the Verde fund range with different risk levels and strategies.

SPX International Asset Management Ltd. (SPX) is an asset management firm headquartered in London, UK. The firm was founded in 2015 and is a wholly-owned subsidiary of IAM Holding Ltda., in Brazil. SPX provides investment advisory services and portfolio management services to individuals and institutional clients.

Part of XP, Inc., XP Investimentos CCTVM SA is a financial investment company based in Rio de Janeiro, Brazil. The Brazilian company offers a variety of investment options such as CDB, LCA, LCI, COE, CRI, CRA, Fundos, Futuros, Tesouro, and more. XP Investimentos CCTVM was founded in 1997 by Guilherme Benchimol, who has been the CEO since then.

Part of Maccro Holdings Ltda., Macro Capital Gestão de Recursos Ltda. is a financial investment management company based in São Paulo, Brazil. Macro Capital Gestão de Recursos Ltda. specializes in personalized investment management services that are aligned with clients' financial goals and risk profiles, with the aim of maximizing returns and protecting their investments. The Brazilian company was founded in 2004, and Mauro Bergstein has been the CEO of the company since 2019.

Founded in 2014, Gauss Capital Gestora de Recursos Ltda. The company is based in São Paulo, Brazil and is a part of Gauss Capital Advisors LLC. is a Brazilian company that provides investment advice.

Genoa Capital Gestora de Recursos Ltda. is a private company based in São Paulo, Brazil. The Brazilian company's description is currently limited to "genoa capital Genoa Capital". The company was founded in 2019 and Rodrigo Noel has been the CEO of the company since 2020.

ASA Asset Gestão em Investimentos Ltda. (ASA Investments) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2018 and is a subsidiary of Asa 1 Holding Nao Financeira Ltda., which is owned by Alberto J. Safra Holding Ltda. ASA Investments develops investment products for various types of clients.

Part of Itaú Unibanco Holding SA, Itaú Unibanco Asset Management Ltda. is a financial services company based in São Paulo, Brazil. Itaú Unibanco Asset Management Ltda. provides various financial services, as described in their website. The Brazilian company was founded in 2021 and Carlos Augusto Salamonde has been the CEO of the company since 2021.

Part of SVN Controle e Participações Ltda., SVN Gestora de Recursos Ltda. The company is based in Sao Paulo, Brazil. is a Brazilian company that specializes in asset management. The company was founded in 2021. Leonardo Morales has been the CEO of the company since 2021.

Part of The Goldman Sachs Group, Inc., Goldman Sachs do Brasil CTVM SA is a financial company based in São Paulo, Brazil. In 1995, the Brazilian company established its mergers and acquisitions advisory business in Brazil. The São Paulo office offers a diverse portfolio of products and services, providing clients with access to local experts and the worldwide reach of Goldman Sachs. The company is committed to helping the communities where they work and live, and to supporting a work environment that reflects the diversity of the communities where they operate. The company was founded in 1869 and has offices in major financial centers worldwide. Maria Silvia Bastos Marques has been the CEO of the company since 2018.

SFA Investimentos Ltda. is a resource management company based in São Paulo, Brazil. SFA Investimentos focuses on investing in long-term focus companies to generate alpha and create equity value and growth for their investors. The Brazilian company has a differentiated investment philosophy and solid and well-structured processes to achieve long-term returns and preserve them. SFA Investimentos has invested time and resources to develop processes that allow its professionals to know deeply invested companies, their strategies, and execution capacity. The private company provides a monthly report and quarterly management letter to its subscribers. The information available on their website is exclusively informative and does not constitute any kind of investment counseling. The company was founded in 2013 by Ciro Aliperti Neto, who has been the CEO since then.