1. The Most Prestigious Latin American Investment & Wealth Management Conference
Sim Tr
a
by and 00 ulho o ultâ duç
k y 9
o l J 0 A Mais Renomada Conferência sobre Investimento & Wealth Management na Po ne ão
Bo Ju to $ 0 de $90 América Latina rtu a
th up
0 E 3 té gu par
3 é a
t E 3rd Annual Para a versão do ês a
V a Z
SA a-se MI BACK BY POPULAR DEMAND! programa em
v O Tuesday 19 October 2010 português:
re N
sc ECO Páginas 6 e 7
In e THE BRAZIL SUMMIT
O BRAZIL SUMMIT Brazil Summit: 19 October 2010
With Fiducia Asset Management, BRAM, Brazil Summit: 19 de Outubro de 2010
Votorantim Wealth Management, Gsam Main Conference: 20-21 October 2010
& Allianz Seguros and many more… Conferência Principal: 20-21 de Outubro de 2010
See p. 2 for details/ Veja a página 6 para mais informações
www.icbi-fundforumlatam.com Venue: Blue Tree Towers Morumbi, Sao Paulo, Brazil
New Business Strategies & Investment Solutions For Asset & Wealth Managers In Latin America
Estratégias De Negócios & Soluções De Investmentos Para Asset & Wealth Managers Na América Latina
Hear From Leading 60+ CEOs And Industry Experts Including: Over 60+ CEOs, CIOs,
Partilhe Experiências com Mais de 60 dos Principais CEOs e Experts do Mercado, Incluindo: Investors & Other Industry
DVTM INVESTORS
Experts From The Following
NEW NEW NEW Key Companies:
• BRAM - Bradesco Asset Management
• Mercatto Investimentos
• Ashmore Brasil
• Mercer
Demosthenes M. Carlos Massaru Takahashi Marcelo Serfaty Ignacio Cerezo Luciane Ribeiro Jaime de la Barra • Brasilprev Seguros e Previdência
Pinho Neto, CEO CEO Founding Partner & CEO Managing Director, CEO Brazil Founding Partner • Itaú Private Bank International
ITAÚ UNIBANCO ASSET BB GESTÃO DE FIDUCIA ASSET Latin America SANTANDER ASSET COMPASS GROUP • Bb Gestão De Recursos DTVM
MANAGEMENT RECURSOS DTVM MANAGEMENT PRINCIPAL GLOBAL MANAGEMENT
• Moneda Asset Management
• Safdie Private Banking
PLUS Meet With More Key Regional Investors And Fund Buyers Including: • HSBC Global Asset Management
• Convex Asset Management
Encontre-se com Investidores Chave Regionais e Compradores de Fundos, Incluindo: • Advent International
• Mira Capital
NEW NEW NEW NEW • Claritas Wealth Management
• Alliance Bernstein
• Quest Investimentos
• FRAM Capital
• Itaú Unibanco
• Constellation Asset Management
Ernesto Leme Sílvio Renato Rangel Tarcísio José Massote de João Albino Winklemann Ernesto de la Fé Sylvio Murad Carolino
• Citi
CEO Silveira Godoy Director Managing Director & Head of dos Santos • Fama Investimentos
CLARITAS WEALTH CEO President Director BRADESCO PRIVATE Latin America for Private Finance Director • Modal Asset Management
MANAGEMENT FIBRA BRASILPREV SEGUROS E BANK Wealth Management ELETROS • GSAM
PREVIDÊNCIA MORGAN STANLEY
• Itaú-Unibanco Asset Management
• FIBRA
What Makes FundForum Latin America A O Que Faz Do Fundforum Latin America • CVM
“Must-Attend” Event? Um Evento Imperdível? • HSBC
• Towers Watson
• MetLife
Network with some of the leading CEOs in the region, Network com alguns dos principais CEOs da região, • MAXCAP Real Estate Investment
including: ITAÚ UNIBANCO ASSET MANAGEMENT, incluindo: ITAÚ UNIBANCO ASSET MANAGEMENT, Advisors
MODAL ASSET MANAGEMENT, BB GESTÃO DE MODAL ASSET MANAGEMENT, BB GESTÃO DE • Avante Financial Group
• BANESPREV
RECURSOS & SANTANDER ASSET MANAGEMENT RECURSOS & SANTANDER ASSET MANAGEMENT • ELETROS
• Fiducia Asset Management
Meet with key Investors from Latin America, including: Encontrar-se com investidores chave da América Latina, • Popular S/A SAFI
ELETROS, FIBRA, CLARITAS WEALTH MANAGEMENT incluindo: ELETROS, FIBRA, CLARITAS WEALTH • Schroder Investment Management
& BANESPREV MANAGEMENT & BANESPREV Brasil
• Peninsula Investments Group
Get up to speed with the latest economic developments Atualizar-se com os mais novos desenvolvimentos • Itacare Capital Partners
• Allianz Seguros
with some of the most highly regarded regional econômicos através de alguns dos mais conceituados • Votorantim Wealth Management
economists from CITI, HSBC, BRAM & QUEST economistas da região, das seguintes empresas: CITI, • Santander Asset Management
INVESTIMENTOS HSBC, BRAM & QUEST INVESTIMENTOS • Neo Investimentos
• Compass Group
Benefit from exceptional networking opportunities with Criar oportunidades únicas de networking com nossos • Leblon Equities
• EPFR Global
our interactive formats: CEO Lunch Tables, Speed formatos interativos: CEO Lunch Tables, Speed • Principal Global Investors
Networking, Networking Roundtables & Our Online Networking, Networking Roundtables & Nosso • Copernico Capital Partners
Meeting Planner, My FundForum Latin America Planejador Online de Reuniões, My FundForum Latin • BRZ Investimentos
America • Pollux Capital
Learn about cutting-edge investment strategies with • Vinci Partners
regional CIOs: ITAÚ-UNIBANCO ASSET MANAGEMENT Saber mais sobre estratégias inovadoras de investimentos • Delta Consulting
• Morgan Stanley
& SAFDIE PRIVATE BANKING com CIOs regionais: ITAÚ-UNIBANCO ASSET • Bawm Investimentos
MANAGEMENT & SAFDIE PRIVATE BANKING • Bradesco Private Bank
Sponsors Endorsed by ICBI
Elemental
Chlorine Free
(ECF)
Paper sourced
from sustainable
forests
Media
Partners
To Register: Call: +44 (0) 20 7017 7200 Fax: +44 (0) 20 7017 7807 Email: info@icbi.co.uk. For the latest programme, or to register, please visit: www.icbi-fundforumlatam.com
Inscrições: Telefone: +55 11 3017 6888 Fax: + 55 11 3017 6913 Email: fundforum@ibcbrasil.com.br Website: www.informagroup.com.br/fundforum

2. w
pr .icb
w
og i-
Wednesday 20 October 2010
w
Fo m dfo
ra fun
Tuesday 19 October 2010
r t e, rum
m
he ple l
Global Strategies For The Latin American
la ase ata
The Brazil Summit
te
Investment Management Industry
st vis .co
it: m
m
09.00 Chairman’s Opening Address
Para a versão do programa em português:
Páginas 6 e 7 SETTING THE SCENE
conomic External Restrictions To The Growth Of
Guest E ress
09.00 Chairman’s Opening Address Add The Latin American Economy
09.10 Determining The Effects Of The European Crisis And
The Chronic Insufficiency Of Domestic Savings For The Latin American Economy
Macro Economic Address Marcelo Muinhos Kfoury, Head of the Economic Research Department
What Does The Future Hold For Brazil? CITIGROUP BRAZIL
Analysing The Effects Of The World Cup, Olympic Games, Elections, Interest Rates
09.10 & Inflation On The Brazilian Economy & Understanding Whether There The Fund Industry Analyst Overview
Is A Real Risk Of Overheating Global And Latin America Fund Flow And Allocation Trends: What Can They Tell
Ana Cristina Gonçalves da Costa Boicenco, Chief Economist 09.45 Us About The Future Direction Of Regional Markets And The Latin American
BRAM - BRADESCO ASSET MANAGEMENT Investment Management Industry?
Brad Durham, Managing Director, EPFR GLOBAL
Is Isolation A Long-Term Solution And How Should Brazil Go About Aligning Itself
09.45 With The Rest Of The World? Regulatory Update
Andre Loes, Chief Economist, HSBC BANK BRASIL Understanding How Regulation Is Stimulating The Industry
10.15 Francisco José Bastos Santos
Head of the Collective Investments Schemes Department
Examining Economic Policy And The Growth Potential Of The Brazilian Economy COMISSÃO DE VALORES MOBILIÁRIOS (CVM)
10.15 Post Elections And Determining Who The Winners And Losers Will Be 10.45 Morning Coffee
Marcelo Serfaty, Founding Partner & CEO
FIDUCIA ASSET MANAGEMENT
FUNDFORUM LATIN AMERICA “THOUGHT LEADERSHIP” SESSION
10.45 Morning Coffee Session I - 25mins
Industry “Thought Leadership” Address
Determining The Level Of Commitment Required To Succeed In Luiz Carlos Mendonça de Barros, Founding Partner, CEO & Strategist
11.15 The Distribution Business In Brazil QUEST INVESTIMENTOS
Eduardo Mendes, Head of Distribution Brazil
SCHRODER INVESTMENT MANAGEMENT BRASIL Session II - 25mins
Guest CEO Address
To What Extent Will Fund Managers Have To Rethink Their Strategies To Meet
Exporting Brazil? The Challenges Of The New Industry Landscape
How Can Brazilian Boutique Managers Tap Into The International Enthusiasm
Carlos Massaru Takahashi, CEO, BB GESTÃO DE RECURSOS
Surrounding Brazil As An Investment Destination?
Paulo Veiga 11.15 Session III - 50mins
11.45 Partner & Head of Analysis, Compliance & Risk Management CEO Think Tank
MERCATTO INVESTIMENTOS How Is Consolidation Impacting Banking & Asset Management Post-Crisis And
Mauricio Levi, Co-Founder & Co-Portfolio Manager, FAMA INVESTIMENTOS What Can The Latin American Investment Management Industry
Fabio Dall’Acqua, Managing Partner & Member of the Investment Committee Do To Take It To The Next Level?
CONSTELLATION ASSET MANAGEMENT Juan Luis Rivera, Partner, MONEDA ASSET MANAGEMENT
Allan Hadid, Chief Operating Officer, BRZ INVESTIMENTOS Demosthenes M. Pinho Neto, CEO, ITAÚ UNIBANCO ASSET MANAGEMENT
Luciane Ribeiro, CEO Brazil, SANTANDER ASSET MANAGEMENT
The Off-Shore Debate Jaime de la Barra, Founding Partner, COMPASS GROUP
Determining The Obstacles Preventing The Successful Implementation Of An Andres Azicri, Founder, CONVEX ASSET MANAGEMENT
Off-Shore Investment Proposition For Brazilian Investors And Discussing + “Talk Back” & Dedicated Audience Q&A Session
The Measures Required For This To Change
Moderated by: 13.00 Networking Lunch
12.30
Luiz Felipe Pinheiro de Andrade, Head of Market & Liquidity Risk
ITAÚ UNIBANCO STREAM A STREAM C
STREAM B
Eduardo Camara Lopes, CEO, ASHMORE BRASIL LATIN AMERICA: NETWORKING ZONE
PRODUCT INNOVATION
Giuliano de Marchi, Country Head Brazil, ALLIANCE BERNSTEIN A ROADMAP FOR BEST-PRACTICE BUSINESS &
FOR THE NEW ENVIRONMENT
Walter Maciel, Managing Director, QUEST INVESTIMENTOS THE REGIONS INVESTMENT STRATEGIES
Networking Lunch + VIP Networking Lunch Tables Credit/FIDC Funds
Who’s Investing And What Can
Risk
The Latin American Overview These Products Add To An
Management
Identifying Where The Most Luis Felipe
Paulo Veiga Marcelo Serfaty Mauricio Levi 14.30 Institutional And Private Portfolio? de Andrade ITAÚ
13.15 Henry Gonzalez Lucrative Opportunities Lie
MERCATTO FIDUCIA ASSET FAMA For Your Latin American Business Bruno Freitas Miranda UNIBANCO
FRAM CAPITAL Managing Partner
INVESTIMENTOS MANAGEMENT INVESTIMENTOS
MIRA CAPITAL
Wealth
Management
Colombia EXTENDED PANEL SESSION Ernesto Leme
Uncorrelating Multi-Mercado Funds Examining The Future Prospects CLARITAS WEALTH
What Strategies Can Managers Use To Differentiate Their Offering In 15.00 For This Market Real Estate MANAGEMENT
This Crowded Space? Carlos Estrada The Safest Long-Term Solution
Henry Gonzalez, CIO, FRAM CAPITAL Head of Private Clients Or A Risky Asset?
14.30
AVANTE FINANCIAL GROUP Investment
Alexandre Pavan Povoa, CEO, MODAL ASSET MANAGEMENT Pedro P. de Miranda Funds for Retail
Reinaldo Holanda de Lacerda, Head of Product Founder & CEO Investors
VOTORANTIM WEALTH MANAGEMENT ITACARE CAPITAL PARTNERS Carlos Massaru, BB
Patrick O’Grady, Partner & Portfolio Manager, POLLUX CAPITAL Maurício Levitin DTVM
Peru
Identifying The Long-Term Managing Director
15.15
Is There Scope For Pension Funds To Trade Derivatives In Brazil? Opportunities In This PENINSULA INVESTMENTS Investor
François Racicot, Leader Investment Consulting Brazil, MERCER 15.30 Fast-Growing Market GROUP Education
Aldo Fuertes Anaya Jose Paim de Andrade Jr. Giuliano de Marchi
15.45 Afternoon Tea General Manager Partner ALLIANCE
POPULAR S/A SAFI BERNSTEIN
MAXCAP REAL ESTATE
Examining The Growth Potential of The PGBL Space, Assessing What Opportunities INVESTMENT ADVISORS
see page 3 for details
This Will Have For The Domestic And Off-Shore Managers & Whether
An Open-Platform Is Possible 16.00 Afternoon Tea + Speed Networking
Moderated by: Adriano Koelle, Head of Distribution, GSAM
Tarcísio José Massote de Godoy, President Director Chile Is Private Equity The Next Best Thing?
16.15
BRASILPREV SEGUROS E PREVIDÊNCIA How Can Chile Retain An Edge With Investment Reviewing Where The Deal Flow Is Coming From
Eurico Villela, Head of Sales (Corporate Pension Plan - Family Offices & Partnerships) Managers & Smart Investors? And What The Future Holds For This Business
ITAÚ UNIBANCO 16.30
Jaime de la Barra Martin Escobari
Flavio Sahib, Sales Director, METROPOLITAN LIFE - METLIFE VIDA E PREVIDÊNCIA Founding Partner Partner
Max Thiermann, CEO, ALLIANZ SEGUROS COMPASS GROUP ADVENT INTERNATIONAL-BRASIL
Argentina
Servicing The Wealthy Client Will This Ever Be Anything More Than An
17.00 Identifying The Unique Considerations When Managing Family Wealth In Brazil Off-Shore Market & What Are The Home-Grown ETFs
João Medeiros, Executive Director, ITAÚ PRIVATE BANK INTERNATIONAL 17.00 Investment Opportunities Going Foward? Do ETFs Pose A Real Threat To Actively
Ricardo Maxit Managed Funds?
17.30 End of Brazil Summit CIO
COPERNICO CAPITAL PARTNERS
17.30 End of Day 1
To register: Call: +44 (0) 20 7017 7200 • Fax: +44 (0) 20 7017 7807 • Email: info@icbi.co.uk • Web: www.icbi-fundforumlatam.com
2 Inscrições: Telefone: +55 11 3017 6888 • Fax: + 55 11 3017 6913 • Email: fundforum@ibcbrasil.com.br • Website: www.informagroup.com.br/fundforum

3. Thursday 21 October 2010 MORE NETWORKING OPPORTUNITIES &
Global Strategies For The Latin American
Investment Management Industry INTERACTIVE FORMATS FOR 2010
09.00 Chairman’s Opening Address
● MyFundForum Latin America
INSTITUTIONAL FUND MANAGEMENT IN THE POST CRISIS WORLD
Have you ever wished that you had more time to prepare for your conference
An Update On The New Regulatory experience? If your answer is yes, then we are offering you a solution: our online
Framework For Pension Fund Allocation
09.10 What Can And What Can’t They Invest In And Determining The Drivers meeting planner MyFundForum Latin America. This tool will allow all registered
Behind Investment Decisions? delegates to browse the attendee list, contact other delegates and set-up
Alessandra Cardoso, Head of Investment Consulting Brazil, TOWERS WATSON meetings up to 2 weeks prior to the event. Now there are no excuses!
Future Challenges For Latin American Pension Funds Pension Fund
Examining How Pension Funds Are Accessing The Market, The Degree s ● Speed Networking
Of Outsourcing In Their Investment Capabilities And The Influence Of Advisors In
Their Decision Making Process The most efficient way to Network! Meet a maximum number of contacts in the
09.45 Sergio Malacrida, Partner, VINCI PARTNERS shortest space of time during the afternoon tea breaks with our “Meet The
Sílvio Renato Rangel Silveira, CEO
FUNDAÇÃO ITAIPU BRASIL DE PREVIDÊNCIA COMPLEMENTAR - FIBRA Industry” Speed Networking Sessions
Jarbas Antônio de Biagi, CEO
BANESPREV-FUNDO BANESPA DE SEGURIDADE SOCIAL
Ignacio Cerezo, Managing Director, Latin America, PRINCIPAL GLOBAL INVESTORS
● TalkBack
Wealth t For those delegates who are unwilling to ask a question, or for the more
en Restructuring In The Wealth Management Business
Managem sensitive issues, we have come up with a solution – TalkBack – allowing you to
Who Is Best Qualified To Advise And Determining How Impartial The Advice Is?
Otavio Vieira, Director of Investments, SAFDIE PRIVATE BANKING email your burning questions anonymously during the sessions directly to the
10.30 Ernesto Leme, CEO, CLARITAS WEALTH MANAGEMENT chairman who will incorporate them into the discussion.
Georges Wachsmann, Founder & Partner, BAWM INVESTIMENTOS
João Albino Winklemann, Director, ● VIP Lunch Tables
BRADESCO PRIVATE BANK
You will have the opportunity to get close to some of our key speakers over a
11.15 Morning Coffee
relaxed lunch. Sign up for one of the following hosted tables:
GLOBAL ASSET ALLOCATION STRATEGIES
• Marcelo Serfaty, Founding Partner & CEO
Expert Analyst Address FIDUCIA ASSET MANAGEMENT
What Drives Asset Allocation Globally? Understanding How Institutions And Clients Are
11.45 Approaching Their Asset Allocation Strategies And Determining How Managers Should
Respond To These Requirements • Paulo Veiga, Partner & Head of Analysis, Compliance & Risk Management
Daniel Enskat, Managing Director & Head of Global Consulting, STRATEGIC INSIGHT MERCATTO INVESTIMENTOS
Asset Allocation ThinkTank • Henry Gonzalez, CIO
Building A Diversified Proposition For A Sophisticated Investor
Overcoming The Home Bias & Creating A Portfolio To Fit A New Set Of Investment FRAM CAPITAL
Criteria Post-Crisis
12.15 Paulo Corchaki, CIO, ITAÚ-UNIBANCO ASSET MANAGEMENT
Sylvio Murad Carolino dos Santos, Finance Director
• Mauricio Levi, Co-Founder & Co-Portfolio Manager
ELETROS-FUNDACAO ELETROBRAS DE SEGURIDADE SOCIAL FAMA INVESTIMENTOS
Maurício da Rocha Wanderley, Investment & Finance Director, VALIA
Ernesto de la Fe, Managing Director & Regional Head Latin America Private Wealth Management
MORGAN STANLEY ● Rotating Networking Roundtables
13.00 Networking Lunch A variation on the usual roundtable format, this will allow you to visit up to 3
STREAM A STREAM B
tables in the space of an hour, thus maximising on your learning and networking
INVESTMENT STRATEGIES FUND AND MANAGER SELECTION time. Don’t miss the chance to discuss the following topics with some of our
FOR A NEW WORLD IN THE NEW ENVIRONMENT experts:
Chaired by: ALFI
• Risk Management:
Active Vs Passive Funds Latin American Pension Funds: Luiz Felipe de Andrade, Head of Market & Liquididty Risk
Which Management Strategy Will Provide A 10 Year View ITAÚ UNIBANCO
Investors With The Optimum Balance Examining How Changes In The Economy Are
14.15 Affecting Pension Fund Assets, Allocations And Their
Of Risk & Return?
Liabilities
• Wealth Management:
Marcelo Mesquita Roberto Luis Troster Ernesto Leme, CEO, CLARITAS WEALTH MANAGEMENT
Partner Senior Consultant
LEBLON EQUITIES DELTA CONSULTING
• Investment Funds For Retail Investors:
Multi-Mercado Funds Fund of Funds Carlos Massaru Takahashi, CEO, BB GESTÃO DE RECURSOS DTVM
What Can These Products Add To An How Has Their Selection Criteria Changed In
Institutional Portfolio? The Light Of The Crisis? • Investor Education:
Wagner Murgel Eduardo Marques Giuliano de Marchi, Country Head Brazil, ALLIANCE BERNSTEIN
14.50 Founding Partner Head of Fund of Funds
NEO INVESTIMENTOS CLARITAS
Luis Roberto Zaratin Soares Eduardo Ventura ● Dedicated Audience Q&A Time
Executive Director of Fixed-Income & Hedge Funds Head of Fund of Funds
BRAM – BRADESCO ASSET MANAGEMENT CITI We have noticed that the sessions are never long-enough for everyone to put
(other panellists tbc) (other panellists tbc) their questions to our speakers. In response to this problem, we are setting
Multi-Manager aside more dedicated time for Q&A throughout the conference day to make
What Is The Future For Latin American
Hedge Funds? Are Latin American Investors Prepared To Pay sure that no one misses out!
Which Strategies And Markets Will Prove The For Diversification And Best Of Breed When Their
15.25 Local Markets Are Faring So Well?
More Lucrative Going Forward? “Once More The Event Presented A Good
Alcindo Costa
Andres Azicri Head of Multimanager
Founder HSBC GLOBAL ASSET MANAGEMENT
Opportunity For Networking With A Very
Convex Asset Management Qualified Audience.
”
16.00 Afternoon Tea & End of FundForum Latin America
Wagner Murgel, Founding Partner, NEO INVESTIMENTOS
“I Strongly Believe That Something Like This Was Needed In “I Was Pleased With The Result And You Were
The Region And You Are Delivering It. The Quality Of The Able To Group The Main Professionals Involved
People Attending The Forum Was Impressive And The With The Local Asset Management Industry. ”
Opportunity For Networking Great As Well. ”
Giuliano de Marchi, Country Head Brazil, ALLIANCE BERNSTEIN
Florencio Menceyra, Director of the Americas, LIFETRADE
To register: Call: +44 (0) 20 7017 7200 • Fax: +44 (0) 20 7017 7807 • Email: info@icbi.co.uk • Web: www.icbi-fundforumlatam.com
Inscrições: Telefone: +55 11 3017 6888 • Fax: + 55 11 3017 6913 • Email: fundforum@ibcbrasil.com.br • Website: www.informagroup.com.br/fundforum 3

4. Tuesday 19 October 2010 - Brazil Summit &
w
pr .icb
w
og i-
w
Fo m dfo
ra fun
r t e, rum
m
Wednesday 20 October 2010 - Main Conference Day 1
he ple l
la ase ata
te
st vis .co
Giuliano de Marchi Global Strategies For The Latin American
it: m
m
The Brazil Summit Country Head Brazil
Tuesday 19 October 2010 ALLIANCE BERNSTEIN Investment Management Industry
09.00
Mr. De Marchi has been the Country Manager for AllianceBernstein since March 2003.
In this position, he is responsible for the sales efforts of the company in Brazil, Chile,
Wednesday 20 October 2010
Peru, Colombia and Ecuador. Previous to joining AllianceBernstein, Mr. De Marchi
Chairman’s Opening Address worked at Cigna Retirement and Investment services as a sales manager. He is also a 09.00
director of the Brazilian Institute and Association of Investment Planners (IBCPF) and a
09.10 member of the IMCA, Investment Management Consultants Association. Chairman’s Opening Address
Macro Economic Address Walter Maciel, Managing Director
QUEST INVESTIMENTOS 09.10
SETTING THE SCENE
What Does The Future Hold For Brazil? Analysing The Mr. Maciel began his professional career in 1991 at Banco Safra, as a trader at the
Effects Of The World Cup, Olympic Games, Elections, Interest Equity Trading Desk. In 1995, he joined Banco Garantia (later acquired by Credit Suisse) Guest Economic Address
Rates & Inflation On The Brazilian Economy & as a trader, and in 1996 he became responsible for the Equity Sales and Distribution. In
2003, Mr. Maciel left Credit Suisse to become the CEO of Trend Bank (an investment External Restrictions To The Growth Of The Latin American
Understanding Whether There Is A Real Risk Of Overheating boutique), where he stayed until early 2006. Economy: Determining The Effects Of The European Crisis
Ana Cristina Gonçalves da Costa Boicenco, Chief Economist And The Chronic Insufficiency Of Domestic Savings For The
BRAM - BRADESCO ASSET MANAGEMENT 13.15
In 2008, Ana Cristina was elected the best economist for 2008 by the magazine
Latin American Economy
Investidor Institucional. Prior to her current position, she worked at BCN Alliance, which Networking Lunch + Networking VIP Lunch Tables with Marcelo Muinhos Kfoury, Head of the Economic Research
eventually merged with three other companies to form what is now BRAM. She has (pre-Registration required - see p. 3 for details) Department, CITIGROUP BRAZIL
worked as an economist for 25 years, including 13 as chief economist. She was a Mr. Kfoury, based in Sao Paulo, is the Head of the Economic Research Department of
partner at the economic consultancy company MCM Consultores and before that she 14.30 Citigroup Brazil. He contributes to the EMA team with the coverage of economic and
was the economist who attended the Treasury in Unibanco. political developments in Brazil. Prior to that, he was at the Central Bank for 13 years,
09.45 Uncorrelating Multi-Mercado Funds where he was the Director of the Economic Research Department. His team was
responsible for the coordination of economic research in the three regional branches of
What Strategies Can Managers Use To Differentiate Their the department, in Brasilia, Sao Paulo and Rio de Janeiro, and for the presentation of
Is Isolation A Long-Term Solution And How Should Brazil Go Offering In This Crowded Space? inflation models to the Monetary Policy Committee (Copom).
About Aligning Itself With The Rest Of The World? Henry Gonzalez, CIO
Andre Loes, Chief Economist 09.45
FRAM CAPITAL
HSBC BANK BRASIL Henry has worked in the financial market since 1984. He was involved in the formation
Between 1994 and 1995 Andre was an advisor to the Foreign Trade Secretary of Brazil of BM&F and BOVESPA between 1984 and 1992. He worked for Santander between The Fund Industry Analyst Overview
(Foreign Trade Department/Ministry of Industry and Foreign Trade). From 1997 to 1992 and 2006, in several capacities. As Managing Director of Santander, he was Global And Latin America Fund Flow And Allocation Trends:
responsible for proprietary trading in Brazil, Latam and NY. He directed the areas of
January 2000 he was Chief-economist for Banco Bozano, Simonsen. From February
Asset Management, Private Banking, Brokerage and Investment Banking. What Can They Tell Us About The Future Direction Of
2000 to March 2008 he was the Brazilian Chief-economist for Banco Santander, where
he also led the equity department since 2005 (equity research, brokerage house and Regional Markets And The Latin American Investment
custody services). In 2008 he became a partner at FRAM Capital asset management. Alexandre Pavan Povoa, CEO Management Industry?
He joined HSBC Brazil as Chief-economist in August 2008. Brad Durham, Managing Director
MODAL ASSET MANAGEMENT
10.15
In 2003, Mr. Póvoa joined Grupo Modal where today he is a managing director. He used EPFR GLOBAL
to be the Chief Investment Officer for ABN AMRO Asset Management in Brazil, Brad Durham is a co-founder and managing director of EPFR Global, a Boston-based firm
managing around US$ 10 billion, from 1998 to 2002. Before, he had worked for Banco that tracks the fund flows and allocations of global and emerging market equity, bond and
Examining Economic Policy And The Growth Potential Of Inter-Atlântico, Fundação Eletros and Banco Morgan Stanley Dean Witter in New York. money market funds with $13 trillion in total assets. Durham is also a regular commentator
The Brazilian Economy Post Elections And Determining Who in the financial media on fund flows, investor sentiment and liquidity trends in global and
Reinaldo Holanda de Lacerda, Head of Product emerging markets. Prior to co-founding EPFR in 1995, Durham was a financial journalist
The Winners And Losers Will Be with the Hearst Corporation in Washington, D.C.
Marcelo Serfaty, Founding Partner & CEO VOTORANTIM WEALTH MANAGEMENT
Reinaldo has over 25 years of international career in Financial Services, Investment 10.15
FIDUCIA ASSET MANAGEMENT Banking, Asset Management and Risk. He has extensive experience in Treasury
Marcelo has over 20 years of experience in capital and financial markets. He Operations, Securities and Fiduciary Services and Portfolio Management, as well as in
previously worked at Bozano Simonsen and Banco Pactual. Serfaty was a Structured Finance and Capital Markets. He worked at Banco Votorantim, BankBoston Regulatory Update
controlling shareholder and a member of the Executive Committee of Banco International Offshore Private Bank - Miami, BankBoston Brazil, Banco Santander Brasil Understanding How Regulation Is Stimulating The Industry
Pactual, responsible for the asset management division between 1998 and 2002. He and Banco Itaú.
was also responsible for the Corporate, Finance and Sales and Trading divisions from Francisco José Bastos Santos, Head of the
1992 to 1998. He began his career coordinating the areas of strategic planning and Patrick O’Grady, Partner & Portfolio Manager Collective Investments Schemes Department
macroeconomic research at Banco Bozano Simonsen. POLLUX CAPITAL COMISSÃO DE VALORES MOBILIÁRIOS (CVM)
Patrick joined Pollux Capital in February of 2006 as partner and portfolio manager for Francisco Santos joined the Comissão de Valores Mobiliários in 2005 and, since
10.45 Morning Coffee Global Equities. Prior to that he was a partner at Banco Pactual, where he worked for 14 September 2009, is the Head of The Collective Investments Schemes Department.
years, always in equity-related areas. He began as a buy-side analyst in the emerging Previously, Mr. Santos has served as a Financial Controller at Sara Lee, a Manager at
11.15 markets investment group, then as a sell-side analyst covering Brazil, and later as head Coca Cola and Consultant at Mckinsey & Company.
of equity research sales. He headed Pactual’s asset management equity team from
Determining The Level Of Commitment Required To Succeed November 1998 through January 2006. 10.45 Morning Coffee
In The Distribution Business In Brazil 15.15
Eduardo Mendes, Country Head of Distribution 11.15
SCHRODER INVESTMENT MANAGEMENT BRASIL Is There Scope For Pension Funds To Trade Derivatives In Brazil?
Eduardo has held the position of Country Head of Distribution & Marketing since May François Racicot, Leader Investment Consulting Brazil, FUNDFORUM LATIN AMERICA
2008. He joined Schroders in 1999 as a sales and marketing manager. Before that he MERCER “THOUGHT LEADERSHIP” SESSION
worked for Itaú Bankers Trust Asset Management as a sales manager for Institutional
Investors. His investment career commenced in 1994 as a Relationship Manager for
François provides consulting advices to Brazilian corporations and Pension Funds on a Session I -25mins
broad range of issues including investment strategy and elaboration of Investment Policy,
Banco Icatu working within their Private Bank Division. He worked also at Investment performance monitoring, selection of asset manager, risk management and asset-liability The Industry “Thought Leadership” Address
Bank Matrix and the São Paulo Stock Exchange. modelling. François joined Mercer in 1996. He started his career gaining experience in the Luiz Carlos Mendonça de Barros
Montreal and Sao Paulo retirement practices, and then spent four years working at Founding Partner, CEO & Strategist
11.45 Mercer’s International department in Paris. He returned to Mercer’s Sao Paulo office in
2008. QUEST INVESTIMENTOS
Exporting Brazil? From 1985 to 1987, Mr. Mendonça de Barros served as Director of the Central Bank of
Brazil, responsible for Capital Markets. In the early 1990s founded Banco Matrix, a very
How Can Brazilian Boutique Managers Tap Into The 15.45 Afternoon Tea successful Investment Bank. In 1995 Mr. Mendonça de Barros left Matrix and was
International Enthusiasm Surrounding Brazil As An 16.15
nominated Chairman of BNDES, the Brazilian development bank responsible for
structuring the country's privatization process, including the privatization of CVRD. In
Investment Destination? 1998 he was nominated Minister of Telecommunications, where he conducted the
With Panellists: Examining The Growth Potential Of The PGBL Space, sector's deregulation and a $22 billion privatization process. Since 2001 Mr. Mendonça
Paulo Veiga, Partner & Assessing What Opportunities This Will Have For The de Barros is Founding Partner and CEO at Quest Investimentos Ltda.
Head of Analysis, Compliance & Risk Management Domestic And Off-Shore Managers & Whether An Open- Session II -25mins
MERCATTO INVESTIMENTOS Platform Is Possible Guest CEO Address
Mr. Veiga has over 25 years of experience in Brazilian financial markets, having held Moderated by:
senior analytical, operational and risk management positions at Banco Icatu, Fininvest, To What Extent Will Fund Managers Have To Rethink Their
Graphus, Banco Fonte and Texaco Brazil. Mr Veiga presided the Asset Management Adriano Koelle, Head of Distribution Strategies To Meet The Challenges Of The New Industry
Committee at ANBIMA (Brazilian Securities Industry and Financial Markets Association) GSAM
in the years 2008 and 2009 and coordinates de Technical Commission of AMEC Landscape
(Brazilian Association of Capital Markets Investors) With Panellists Carlos Massaru Takahashi, CEO
Tarcísio José Massote de Godoy BB GESTÃO DE RECURSOS
Mauricio Levi, Co-Founder & Co-Portfolio Manager President Director Carlos has been a career official of Banco do Brasil for 31 years where he held positions
FAMA INVESTIMENTOS BRASILPREV SEGUROS E PREVIDÊNCIA
of importance in the Sao Paulo and Rio de Janeiro Regional offices, Sao Paulo corporate
After working for Procter & Gamble Brazil for 2 years, Mr Levi co-founded FAMA area and High Income Unit / Private Banking of Banco do Brasil. He currently holds the
Investimentos in 1993 and is responsible for political and economic analysis and Tarcísio Godoy is President Director of Brasilprev Seguros e Previdência S.A., member position of Chief Executive and Interim President of BB DTVM.
portfolio management. Mr. Levi is currently a board member of Rodobens Negócios of the Management Board of Banco do Brasil since 2003; worked as Public Debt
Imobiliários S.A and Portobello S.A General Coordinator and National Treasury Secretary in the Ministry of Treasury; Session III -55mins
moreover, he served a term as Adjunct Secretary of Complimentary Previdence in the
Ministry of Previdence and Public Welfare, positions in which he earned know-how on CEO Think Tank
Fabio Dall’Acqua, Managing Partner & the financial and complimentary providence markets. How Is Consolidation Impacting Banking & Asset
Member of the Investment Committee Management Post-Crisis And What Can The Latin American
CONSTELLATION ASSET MANAGEMENT Eurico Villela, Head of Sales (Corporate Pension Plans - Family
Prior to joining Constellation, Fabio was a Managing Director at Itaú Investment Bank in Offices & Partnerships) Investment Management Industry Do To Take It To The Next
charge of the Global Institutional Investors Coverage Group. Before working at ItaúBBA,
ITAÚ UNIBANCO Level?
Fabio spent two years at Deutsche Bank as Head of Fixed Income and Derivatives Juan Luis Rivera, Partner
covering institutional investors. Prior to his time spent at DB, Fabio worked for twelve Eurico Villela is responsible, within the segment of Corporate Pension Plan at Itaú Vida e
years at Banco Garantia/Credit Suisse also covering institutional investors. Previdência, for structuring partnerships with the Financial Market (Family Offices, MONEDA ASSET MANAGEMENT
Distributors and Financial Consultants), for the distribution of products / Private Pension Mr. Rivera joined Moneda in 2006, as a partner, launching and managing Moneda
Funds focusing on tax and succession benefits. With over 15 years of experience in the Absolute Return strategy (onshore Chile US$185m, offshore Cayman US$60m). Prior to
Allan Hadid, Chief Operating Officer, BRZ INVESTIMENTOS financial and insurance markets, he has worked for well known companies such as joining Moneda (1996-1998 & 2000-2006), he worked at Bancard, a Chilean investment
Allan joined BRZ Investimentos in May 2010. Previously he served as CFO and Head of Banco Pactual, Canada Life, Icatu Hartford and Unibanco. company, which grew from US$ 250 million to US$ 1,300 million under his
Investor Relations at GP Investments. From 2002 to 2006, he was the Chief Investment management.
Officer of a Brazilian family office. From 2000 to 2002, he managed the international Flavio Sahib, Sales Director
fund of funds and from 1998 to 2000 managed the portfolio for the former partners of Demosthenes M. Pinho Neto, CEO
Banco Matrix. METROPOLITAN LIFE - METLIFE VIDA E PREVIDÊNCIA
With over 18 years of experience, Mr Sahib has worked primarily in sales for large ITAÚ UNIBANCO ASSET MANAGEMENT
companies and banks, such as Coca-Cola, CCF Bank, Itaú Bank, HSBC Bank and In the public sector, Demosthenes was General-Coordinator of Monetary and Financial
12.30 Citibank and 12 years focused on pension plans - private and public. He dealt with large Policy at the Ministry of Finance (under Fernando Henrique Cardoso, 1993), and Director of
corporations - prospecting, negotiating and implementing pension plans - as well as the Central Bank of Brazil under Fernando Henrique Cardoso administration (1997-1999). In
The Off-Shore Debate with retail, distributing mainly through banks and financial institutes, life and pension the private sector, he was an associate (1991-1993) and latter executive director of Unibanco
Determining The Obstacles Preventing The Successful products. and Unibanco Asset Management (1994-1997), CEO of Dresdner Asset Management (1999-
2002) and Vice-President of Anbid and Anbima.
Implementation Of An Off-Shore Investment Proposition For
Brazilian Investors And Discussing The Measures Required Max Thiermann, CEO
ALLIANZ SEGUROS Luciane Ribeiro, CEO Brazil
For This To Change Mr Thiermann joined Allianz Group in 1989 as Financial and Strategy Director of the SANTANDER ASSET MANAGEMENT
Moderated by: Chilean branch. In 1994 he was appointed CEO of Adriatica de Seguros, in Venezuela. In Luciane began her carrier on 1983 at BankBoston. In 1985 moved to Banco Safra where
Luiz Felipe Pinheiro de Andrade, Head of Market & 2000 he became CEO of Colseguros, the new Allianz´subsidiary in Colombia. Since spent more than 20 years as wealth manager of shareholder's assets and on 2002 was
April 2003 Max Thiermann is CEO of Allianz Seguros in Brazil. elected Executive Director for the whole Asset Management Unit. In 2006, Luciane was
Liquidity Risk, ITAÚ UNIBANCO invited to take the role of CEO for Latin America of ABN AMRO Asset Management.
Prior to his current position, Luiz Felipe was Managing Director for Unibanco Asset Luciane Ribeiro was chosen to assume the position of CEO of Santander Brasil Asset
Management. He has also worked at Ceras Johnson and Booz Allen Hamilton. He was 17.00
Management, being responsible for the integration of both Asset Management Units
also an Industrial Engineering Deptarment Professor at PUC-RJ, as well as the Finance leading an extensive process involving the operations and professionals of both banks.
Department Professor at FGV. Servicing The Wealthy Client
Identifying The Unique Considerations When Managing Jaime de la Barra, Founding Partner
With Panellists:
Family Wealth In Brazil COMPASS GROUP
Eduardo Camara Lopes, CEO, ASHMORE BRASIL João Medeiros, Executive Director Jaime de la Barra is one of the founding partners and Regional Head of Business
Eduardo Camara Lopes, Executive Officer and Chairman of the Investment Committee, Development for Compass Group, a Latin American investment firm. Between 1992 and
joined Ashmore Group in July 2007 to build Ashmore Brasil. He has over 14 years ITAÚ PRIVATE BANK INTERNATIONAL 1996 he was a Managing Director at Santander, one of the largest financial conglomerates
experience in global markets. Previously a Partner and Deputy-Treasurer of Banco ItaúBBA, in Chile, where he created the investment research and advisory unit for the group,
Latin America’s largest investment bank, where he worked for 8 years in various roles 17.30 End of Brazil Summit supporting the group’s Pension Fund, Mutual Fund, Life Insurance Company and the Bank.
including Head of Proprietary Global Emerging Markets Fixed Income and Head of Before that, he was a Vice President in the Corporate Finance unit of Citicorp in Chile.
Derivatives Trading.
To register: Call: +44 (0) 20 7017 7200 • Fax: +44 (0) 20 7017 7807 • Email: info@icbi.co.uk • Web: www.icbi-fundforumlatam.com
4 Inscrições: Telefone: +55 11 3017 6888 • Fax: + 55 11 3017 6913 • Email: fundforum@ibcbrasil.com.br • Website: www.informagroup.com.br/fundforum