Solid team of portfolio managers

Method and discipline in risk management

Meritocratic Culture

High standards of governance, processes and infrastructure

Metrics to assess ESG and partnerships of direct impact on society

+ BRL bn

under management

years

of consistent returns

investment strategies

+ K

investors

TEAM

Check the career timeline for each key professional.

Timeline

André Lion, CFA

André Lion is partner, portfolio manager and equity strategies CIO at Ibiuna Investimentos since 2011. Between 2007 and 2010, he was managing partner of BRZ Investimentos and member of the executive board, responsible for structuring and managing the fundamental equity funds. At Banco Itaú, where he spent more than 10 years, André was responsible between 2001 and 2004 for managing offshore funds (equity and fixed income funds focused on Brazil and US money market), as well as the equity books in the local hedge funds. From 2004 to 2007, he was the portfolio manager for Itaú Equity Hedge, one of the first market neutral long-short equity funds in Brazil. André is a Chartered Financial Analyst (CFA), certified by CFA Institute, and holds an MBA from The Wharton School, University of Pennsylvania. André graduated in Production Engineering from the University of São Paulo’s Polytechnic School.

Bernard Holcman

Bernard Holcman is partner and equities analyst of Ibiuna Investimentos since 2011. From 2008 to 2011, he was an equities analyst at Crédit Agricole. In 2007 and 2008, Bernard was an equities analyst at Victoire Finance Capital. He also worked at Morgan Stanley Capital International as a consultant between 2005 and 2007. Bernard holds a Business Administration degree from IBMEC-SP.

André Silveira, CFA

André Silveira is partner and equities analyst at Ibiuna Investimentos since 2014. Between 2007 and 2014, he was a member of the equities team at BRZ Investimentos, where he was a partner and portfolio manager of BRZ Long Short Advanced (March 2011 - May 2014) and BRZ Valor (March 2011 - March 2012), and analyst responsible for covering the Consumer, Food and Telecom sectors. André was senior equities analyst at Banco Itaú S.A. between 2006 and 2007, and at BankBoston Asset Management between 2004 and 2007, where he was responsible for covering the same sectors. He is a Chartered Financial Analyst (CFA) and holds a Bachelor’s degree in Business Administration from Fundação Getúlio Vargas (FGV-EAESP).

Victor Schabbel

Victor Schabbel is partner and equities analyst at Ibiuna Investimentos since 2021. From 2019 to 2021, was responsible for covering the financial sector at Bradesco BBI. Between 2016 and 2019, he held the position of Investor Relations and Strategic Planning Director at Cielo. Between 2009 and 2016, he was the analyst responsible for covering the non-banking financial, education and healthcare sectors at Credit Suisse. He started his career as a credit analyst at ABN AMRO Asset Management (later Santander Asset Management). He has a degree in Business Administration from Fundação Getúlio Vargas (FGV-EAESP).

João Borges Filho

João Borges Filho is partner and equities analyst at Ibiuna Investimentos since 2021. From 2010 to 2021 he worked as senior equities analyst at BNP Paribas Asset Management, responsible for financials, food and beverage and construction. Between 2005 and 2010, worked at Schroders Asset Management as an equities portfolio manager for the local hedge funds (2005 and 2006) and later as an equities analyst (2006 to 2010). João holds a Master´s degree in Economics and Finance from FGV-EPG and a Bachelor´s degree in Economics from Insper-RJ.

Gustavo Allevato

Gustavo Allevato is partner and equities analyst at Ibiuna Investimentos since 2021. From 2020 to 2021, he covered the commodities sector at Itaú Asset Management. In 2013, he joined the Oil & Gas and Agribusiness team at Santander and in 2018 became the analyst responsible for the Metals & Mining sector, position he held until the end of 2019. Between 2009 and 2013, joined the Schroders equities team as the analyst responsible for covering the Commodities sectors. Gustavo is a Chartered Financial Analyst (CFA) and holds a Bachelor’s degree in Business Administration from Insper.

Henrique Garcia

Henrique Garcia is an equities trader at Ibiuna Investimentos since 2021. Previously, he worked at Citibank and Banco Brasil Plural. He has a Bachelor´s degree in Business Administration from Insper.

Heitor Cruz

Heitor Cruz is an equities analyst at Ibiuna Investimentos since 2020. Previously, he worked as an equities analyst at UBS. He holds a Bachelor´s degree in Civil Engineering from the State University of Campinas (Unicamp).

José Neto

José Neto is an equities analyst at Ibiuna Investimentos since 2017. Previously, he worked for Monsanto and SFIEC. He holds a Bachelor´s degree in Computer Engineering from Instituto Tecnológico de Aeronáutica (ITA).

Leonardo Machado

Leonardo Machado is an equities trader at Ibiuna Investimentos since 2020. Previously, he worked at Credit Suisse and Banco Bradesco. He holds a postgraduate degree in Economics and Finance from Fundação Getúlio Vargas (FGV-SP). Leonardo has a Bachelor´s degree in Business Administration from Paulista University (UNIP).

Vivian Lee, CFA

Vivian Lee is partner, portfolio manager and credit strategies co-CIO at Ibiuna Investimentos since 2020. From 2013 to 2020, she was a research analyst and co-portfolio manager of credit funds at Itau Asset Management (BRL 220 billion under management), where she played an active role in structuring private placement deals that amounted to BRL 20 billion over the years. Between 2007 and 2013, Vivian worked at Itaú BBA, where she started out coordinating the credit modeling area (2007-2010) and then joined the credit analysis team (2010-2013). From 2002 to 2007, she worked at Banco Santander’s products department, having participated in the launch of new products and structured transactions for the corporate segment. Vivian started her career at BankBoston in 2000 in the Credit and Capital Markets area (specialized industries). She holds a Business Administration degree from FGV, a Graduate degree in Banking from Fundação Dom Cabral, a Master’s degree in Finance from Insper and the CFA and CGA certifications.

Eduardo Alhadeff

Eduardo Alhadeff is partner, portfolio manager and credit strategies co-CIO at Ibiuna Investimentos since 2020. From 2011 to 2020, he was a senior portfolio manager at J.P. Morgan Asset Management. Between 2012 and 2020, Eduardo was based in London where he was responsible for global emerging markets corporate debt funds, with more than USD 10 billion under management. Between 2011 and 2012, he was based in São Paulo, where he was responsible for the local credit funds. From 2005 to 2010, Eduardo was a partner at BRZ Investimentos, initially as a fixed income portfolio manager for the hedge funds and, as of 2007, as portfolio manager of credit funds and responsible for structuring receivables funds. Prior to this, between 2002 and 2007, he was a rates trader at J.P. Morgan’s treasury department, in São Paulo. Eduardo holds a Business Administration degree from FGV and an Executive MBA degree in Finance from Ibmec/Insper.

Victor Rupolo

Victor Rupolo is associate partner and credit analyst at Ibiuna Investimentos since 2020. Between 2013 and 2020, he worked at Itaú Asset Management as a research analyst and co-portfolio manager for the credit funds desk (R$ 200bn under management in March/20). For 7 years he had an active participation in BRL 35 bn of private placement deals and private bonds acquisitions. From 2017 to 2020, he was Head of Research responsible for Infrastructure, Industrials, Transportation & Telecom sectors. Victor is a CGA certified professional and holds a Bachelor’s degree in Business Administration Sciences from Insper.

Fernanda Guerra

Fernanda Guerra is a credit analyst at Ibiuna Investimentos since 2020. From 2016 to 2020 she was a credit analyst covering the electric utilities sector at Itaú BBA, responsible for the credit analysis of med-large companies. From 2015 to 2016, she was a trainee at Itaú BBA, having worked for the sales, fixed income, and credit departments. Fernanda started her career at the same bank in 2014, working as an intern for the cash management and pricing desks. Fernanda holds a Bachelor´s degree in Business Administration from Fundação Getúlio Vargas (FGV-EAESP).

Thalita Gondek, CFA

Thalita Gondek is credit analyst at Ibiuna Investimentos since 2021. From 2019 to 2021 she worked as a credit research analyst at Itaú Asset Management, covering operations in the financial sector and structuring of FIDCs. From 2015 to 2018, worked at Citibank, where she started as a Corporate Bank trainee and was hired in the credit area, being responsible for the credit analysis of financial institutions in Brazil and Latin America. Thalita holds the CFA and CGA certifications and a Bachelor’s degree in Chemical Engineering from UNICAMP.

Victor Porto

Victor Porto is a credit analyst at Ibiuna Investimentos since 2021. Previously, he worked at Fator. Victor holds bachelor's degree in Business Administration from the University of São Paulo (FEA-USP).

Mário Torós

Mário Torós is founding partner, portfolio manager and macro strategies co-CIO at Ibiuna Investimentos since 2010. From 2007 to 2009, he was Deputy Governor for Monetary Policy for the Central Bank of Brazil. Mário worked at Banco Santander between 1992 and 2006, having held the positions of Head of Emerging Markets in London (1997 and 1998) and Executive Director of Santander in Brazil, responsible for the Treasury and Markets (1999 to 2006), among other functions. Mário holds a Master’s degree from COPPEAD/UFRJ and a Bachelor’s degree in Economic Sciences from the Federal University of Rio de Janeiro.

Rodrigo Azevedo

Rodrigo R. Azevedo is founding partner, portfolio manager and macro strategies co-CIO at Ibiuna Investimentos since 2010. Rodrigo was a Deputy Governor for Monetary Policy for the Central Bank of Brazil between 2004 and 2007, when he was a voting member of the Monetary Policy Committee (COPOM), and had as executive functions the responsibility for financial markets overview, FX and open market desks, management of International reserves, and the Brazilian Payments System among other roles. Rodrigo was also a member of ANBIMA’s (Brazilian Financial and Capital Markets Association) board of directors for 4 years (2009-2012). Prior to that, he was a partner at JGP Gestão de Recursos, managing director and chief economist at Credit Suisse First Boston and senior economist at Banco Garantia. He holds a Ph.D. and M.Sc. in economics from the University of Illinois at Urbana-Champaign (USA) and a Bachelor degree in economics from the University of São Paulo (FEA-USP).

Marcelo Covo

Marcelo Covo is partner and macro funds portfolio manager at Ibiuna Investimentos since 2010. Between 2009 and 2010, he was fixed income portfolio manager responsible for inflation, interest rate options and dollar options at Itaú-Unibanco Asset Management. In 2008 and 2009, Marcelo was fixed income portfolio manager for Itaú’s exclusive funds, being responsible for rates strategies. He holds a Master’s degree in Economics and Finance from EPGE/FGV and a Bachelor’s degree in Economic Sciences from IBMEC-RJ.

Rodrigo Storti

Rodrigo Storti is partner and macro funds portfolio manager at Ibiuna Investimentos since 2010. Between 1999 and 2007, he worked at Banco Santander, where he was responsible for the external debt, credit derivatives, currencies and international fixed income proprietary books. Rodrigo moved to London in 2007 to be Latin America’s market making head at Lehman Brothers. He then became responsible for fixed income and FX market making at Standard Chartered until 2009, when he returned to Banco Santander to head the FX proprietary desk, before founding Ibiuna Investimentos. Rodrigo holds a Bachelor’s degree in Production Engineering from the University of São Paulo’s Polytechnic School (USP-Poly).

José Luis Oliveira

José Luis Oliveira is partner and macro funds portfolio manager at Ibiuna Investimentos since 2015. Between 2013 and 2015, he was Portfolio Manager focused in Brazil (Rates and FX) at BlueCrest Capital Management. From 2010 to 2013, José was director of Deutsche Bank’s Fixed-Income proprietary desk, responsible for the Local Fixed Income books (rates and inflation). From 2005 to 2007 and from 2009 to 2010, he was a senior trader on the local fixed income desk at Itaú Unibanco. From 2007 to 2009 and from 2001 to 2005, José was the head of the local fixed-Income desk, responsible for the rates and inflation books at Unibanco. José holds an MBA in Derivatives from BM&F/USP and Bachelor’s degrees in Business Administration from EAESP/FGV and Economics from the University of São Paulo (FEA -USP).

Rodolfo Barreto

Rodolfo Barreto is partner and macro funds portfolio manager at Ibiuna Investimentos since 2016. Between 2010 and 2016, he was a macro portfolio manager at BTG Pactual, responsible for the Latin America (ex-Brazil) books. From 2006 to 2010, Rodolfo was macro portfolio manager and chief economist at 3G Capital in New York, co-responsible for global macro portfolio management and also participated in the equities allocation committee. In 2005 and 2006, he was vice-president of Citigroup London where he was the strategist responsible for emerging markets. From 2001 to 2005, Rodolfo was an economist at JGP, focusing on U.S., Japan and European markets. He holds a Master’s degree in Mathematical Methods applied to Finance from Instituto de Matemática Pura e Aplicada (RJ) and a Bachelor’s degree in Economics from Stanford University.

Noman Khan

Noman Khan is partner and macro funds portfolio manager at Ibiuna Investimentos since 2022. He was manager of the global macro strategy at O3 Capital, from 2021 to 2022, focused on the United States, Europe, United Kingdom and China. Between 2010 and 2021, Noman worked for Verde Asset Management with global macro analysis, portfolio management and trading and other international strategies of the company, mainly dedicated to developed and Asian countries. From 2008 to 2010, he worked as a trader at Credit Suisse Hedging Griffo's fixed income and multimarket low vol funds, accumulating experience in local macro assets and specializing in Brazilian options market. In 2007, he worked at the interest and foreign exchange derivatives trading desk also at CSHG. He holds a bachelor's degree in Mechanical Engineering from Unicamp.

Alysson Lima

Alysson Lima is partner and macro funds portfolio manager at Ibiuna Investimentos since 2020. In 2019, he was FX portfolio manager at BlueLine Asset Management. From 2007 to 2019, he was a trader on the FX and market-making proprietary desks of Banco Santander, having started his career in the bank’s Finance department. Alysson holds a Master’s degree in Economics and Finance from FGV-SP and a Bachelor’s degree in Electronics Engineering from Instituto Tecnológico de Aeronáutica – ITA.

Raul Lessa

Raul Lessa is partner and macro funds portfolio manager at Ibiuna Investimentos since 2021. Between 2019 e 2021, he was a macro portfolio manager at Itaú Asset Management. From 2010 to 2018, he was responsible for the FX books at Banco Santander’s propreitary trading desk. Between 2004 and 2010, worked for the FX trading desk at Banco Itaú BBA. He holds a Master´s degree in Finance from IBMEC-SP and a Bachelor´s degree in Business Administration from FGV.

Franklin Lima

Franklin Lima is associate partner and quantitative analyst at Ibiuna Investimentos since 2019. From 2007 to 2018, he worked at Gávea Investimentos, where he as an FX and rates trader, responsible for macroeconomic quantitative analysis. In the same institution, he worked as co-manager of the quantitative fund and also quantitative equities analyst, supporting the management of stock index portfolios. Between 2006 and 2007, Franklin was a market risk analyst at BNY Mellon. Franklin holds a Master’s degree in Mathematical Methods applied to Finance from IMPA and a Bachelor’s degree in Telecommunications Engineering from IME.

André Lichtenstein

André Lichtenstein is partner and macro funds portfolio manager at Ibiuna Investimentos since 2020. From 2018 to 2020, he was a portfolio manager at Kapitalo Investimentos, where he was responsible for the rates, FX and equities volatility desk. Between 2014 and 2018, André was the portfolio manager responsible for the rates and equities volatility desk at CSHG-Gauss. Previously, between 2009 and 2014, he was responsible for the rates options, inflation and market-making books at Itau BBA’s proprietary desk. André also worked in Unibanco’s proprietary desk between 2006 and 2009, being responsible for the rates options, cross-border and market-making books. He started out as a trainee in Deutsche Bank’s proprietary desk from 2004 to 2006. André holds a Bachelor’s degree in Production Engineering from the University of São Paulo’s Polytechnic School (USP-SP).

Erison Souza, CFA

Erison Souza, CFA is associate partner and macro funds portfolio manager at Ibiuna Investimentos since 2021, where he is responsible for the private pension mandates. Between 2015 and 2021, worked as portfolio manager for the private pension strategies at Safra Asset Management. From 2012 to 2015, joined the macro portfolio management team at Safra Asset Management as fixed income trader. Between 2009 and 2012, worked for the finance department at Banco Safra de Investimentos. Erison is a Chartered Financial Analyst (CFA) and holds a degree in Control and Automation Engineering from the University of São Paulo’s Polytechnic School (USP-SP).

Martim Mesquita

Martim Mesquita is associate partner and market analyst at Ibiuna Investimentos, where we worked as an economist from 2015 until 2019. In 2012, he worked as an economist at Teorema Gestão de Ativos. Martim holds a master's degree in Economics with an emphasis on Economic Policies from FGV and a degree in Economic Sciences from Insper.

Marcus Martins Almeida

Marcus Martins Almeida is associate partner and market analyst for the macro funds area at Ibiuna Investimentos since 2018. Previously, worked at BTG Pactual. Marcus holds a Bachelor´s degree in Mathematics and Statistics from Columbia University (NY).

Lucas Mestres Mendes, FRM

Lucas Mestres Mendes is a market analyst for the macro funds area at Ibiuna Investimentos since 2019, having also worked in the company´s risk area in 2017 and 2018. Previously, worked for companies such as Ambev, Monsanto and Impacto. Lucas is a certified Financial Risk Manager and holds a Bachelor´s degree in Civil Engineering from Technological Institute of Aeronautics (ITA).

Flavio Duarte

Flavio Duarte is associate and quantitative analyst at Ibiuna Investimentos since 2021. He worked at Rio Bravo Investimentos between 2013 and 2018, as a quantitative analyst in the development of a factor investment fund. He later worked as an analyst at Ágora and Pandhora Investimentos. Flavio holds a master's degree in Electrical and Computer Engineering from Universidade Presbiteriana Mackenzie and a degree in Information Systems from Unifebe.

Tales Rabelo

Tales Rabelo is partner and economist at Ibiuna Investimentos since 2015. Between 2004 and 2013, he was an economist at Credit Suisse focused on Brazil. In 2013 and 2014, Tales worked in the credit structuring department at the same bank. He holds a Bachelor’s degree in Economic Sciences from the University of São Paulo (FEA -USP).

Paulo Motula

Paulo Motula is associate partner and economist at Ibiuna Investimentos since 2018. Between 2014 and 2017, he was an economist at SPX Capital. In 2013 and 2014, Paulo was a data analyst at Behavior Capital. He holds a Bachelor’s degree in Economic Sciences from the Federal University of Rio Grande do Sul (UFRGS) and a Master’s degree in Economics from FGV/EPGE.

Rodrigo Arruda

Rodrigo Arruda is an economist at Ibiuna Investimentos since 2020. Previously, he worked as an economist at Mauá Capital. He holds a Master's degree in Economics and a Bachelor´s degree in Economic Sciences, both from Insper.

Gabriel Bello Taborda

Gabriel Bello Taborda is an economist at Ibiuna Investimentos since 2019. Previously, he worked at Garos Capital. Gabriel holds a Bachelor´s degree in Economics from Insper.

José Vidal Zobaran

José Vidal Zobaran is an economist at Ibiuna Investimentos since 2020. Previously, he worked at Credit Suisse. José holds a Bachelor´s degree in Economics from the University of São Paulo (FEA-USP).

Thiago Siniscarchio

Thiago Siniscarchio is macro funds market analyst at Ibiuna Investimentos since 2022. Previously, he worked at BNP Paribas Asset Management and Santander. He holds a degree in Business Administration from the University of São Paulo (FEA-USP).

Carlos Saldanha

Carlos A. Saldanha is partner and CFOO, responsible for operations, risk, compliance and technology at Ibiuna Investimentos since 2010. From 2009 to 2010, he was finance director at Banco Votorantim (including BV Financeira) responsible for MIS, Budget & Planning, Accounting & Regulatory, Taxes, IR and ALM. In 2008 and 2009, Carlos was founding partner, COO and CFO of Fram Capital. Between 1999 and 2008, he worked at Banco Santander as executive director, CFO of the Wholesale Bank and Deputy CFO for the Brazilian operation. He was also responsible for Asset and Liability Management (AML), investor relations and strategic planning. Carlos holds an MBA in Finance from Insper and a Bachelor’s degree in Economic Sciences from Universidade Mackenzie-SP.

Mikhail Said de Castro, FRM

Mikhail Said de Castro is partner and risk analyst at Ibiuna Investimentos since 2012. In 2012, he worked at AC2 Investimentos. Mikhail is a certified Financial Risk Manager (FRM) and holds a Bachelor’s degree in Civil-Aeronautics Engineering from ITA.

Marcos Brigante

Marcos Brigante has been at Ibiuna Investimentos since 2013, where he is associate partner and currently responsible for the Technology department. Between 2008 and 2013, he was a systems analyst at Itaú Unibanco. In 2007 and 2008, Marcos worked as a systems analyst at Rabobank. From 2006 to 2007, he was a junior programming analyst at Senior Solution. Marcos holds a Bachelor’s degree in Electrical Engineering from the University of São Paulo.

Thalita S. Pizzi Gentille

Thalita S. Pizzi Gentille is compliance officer at Ibiuna Investimentos since 2019, having also worked in the company's back-office department between 2017 and 2018. For 11 years she worked as an operations and contract analyst (ISDA / GMRA), in the foreign exchange and treasury departments of Banco Bradesco. Thalita has a Bachelor´s degree in Business Administration, and a Postgraduate degree in International Business from Mackenzie University -SP.

Rebeca Soares Lopes

Rebeca Soares Lopes is a risk analyst at Ibiuna Investimentos since 2019. During her undergraduate studies, she did summer internships at Ambev and Stone Payments, and later, she was an intern at M Square Investimentos’ investment team. Rebeca holds a Bachelor´s degree in Civil Engineering - Aeronautics from ITA.

Carlos Del Busso

Carlos Del Busso is a back-office analyst at Ibiuna Investimentos since 2017. Previously, he worked at Banco Bradesco. He holds a Postgraduate degree in Financial Economics from FGV-SP and a Bachelor´s degree in Business Administration from Universidade Mackenzie-SP.

Samuel Ribeiro Silva

Samuel Ribeiro Silva is a back-office analyst at Ibiuna Investimentos since 2020. Previously, he worked at Banco BNP Paribas. Samuel holds Bachelor´s degrees in Production Engineering and also Science and Technology, both from the Federal University of ABC.

Iuri Senatore

Iuri Senatore is a back-office analyst at Ibiuna Investimentos since 2021. Previously, he worked at Banco Bradesco. He holds a Bachelor´s degree in Accounting from the Federal University of São Paulo.

Silvia Morota

Silvia Morota is office manager at Ibiuna Investimentos since 2010. Silvia holds a Bachelor´s degree in Office Automation and Secretariat from the Faculdade de Tecnologia de São Paulo (FATEC).

Juliana Sarti

Juliana Sarti is analyst at Ibiuna Investimentos’ administrative department since 2021. Previously, she worked in financial institutions such as HSBC and Bradesco. Juliana holds Bachelor’s degrees in Languages (Portuguese and English) from the University of São Paulo and Office and Secretarial Automation from FATEC-SP.

Danilo Costa

Danilo Costa is a technology analyst at Ibiuna Investimentos since 2010. Previously, he worked at Vivo Telecomunicações. He holds a Bachelor´s degree in Computer Engineering from Centro Universitário Sant’Anna.

Leandro Piroupo

Leandro Piroupo is an IT analyst at Ibiuna Investimentos since 2020. Previously, he worked for Banco Daycoval, Senior Solution and Astrein. He holds a Bachelor´s degree in Computer Science from Universidade Paulista (UNIP).

Vitor Silva

Vitor Silva is an IT analyst since 2020, having also worked in the administrative department from 2014 to 2019. He holds a Bachelor´s degree in Civil Engineering from São Judas Tadeu University.

Gustavo Barska

Gustavo Barska is an IT analyst at Ibiuna Investimentos since 2021. Previously, he worked at Itaú Unibanco and worked for companies such as Ih, Aprendi !, Sun Pharma, TV Alphaville, Capgemini, End2End Technologies and Bit-Tec Tecnologia. He holds a Bachelor´s degree in Computer Engineering from Faculdade Anhanguera.

Átila Lopes

Átila Lopes is an IT analyst at Ibiuna Investimentos since 2021. Previously, he worked at companies such as TIVIT, ATIVA Investimentos, B3, Lepostiche, DEDIC-GPTI and SP Food. He holds a Bachelor´s degree in Computer Science from UNINOVE.

Lucas Machado

Lucas Machado is a technology analyst at Ibiuna Investimentos since 2022. Previously, he was an intern in the company's economics area. He holds a degree in Economic Sciences from Insper.

Luan Rosas

Luan Rosas is an analyst at Ibiuna Investimentos’ administrative department since 2020.

Caio M. A. Santos, CAIA

Caio M. A. Santos is partner and head of the Investor Relations and Products department at Ibiuna Investimentos since 2010. From 1997 to 2001, he was responsible for the Funds of Funds area at Lloyds Private Bank, one of the first banks in the local market to invest in third-party products. Between 2001 and 2006, Caio was investment strategist and responsible for the Funds of Funds area at Bank Boston Wealth Management, working out of the São Paulo and Miami offices. In 2006, he was hired by Citibank to structure the Funds of Funds area, which he headed until 2008. In 2009, Caio joined BlackRock, where he was responsible for the development of ETFs iShares in Brazil with Family Offices and Private Banks. He is a Chartered Alternative Investment Analyst (CAIA), holds an MBA in Finance from Insper and a Bachelor’s degree in Economic Sciences from Fundação Armando Álvares Penteado (FAAP-SP).

João Paulo De Toledo, CFA

João Paulo De Toledo, is partner in the Investor Relations and Products area of Ibiuna Investimentos since 2010. He worked at Blackrock, in São Paulo, as an analyst of the ETFs iShares Portfolio Management and Trading Support desk. João Paulo is a Chartered Financial Analyst (CFA) and holds a Bachelor’s degree in Business Administration from Pontifícia Universidade Católica de São Paulo (PUC-SP).

Victoria Guzzo Caporal

Victoria Guzzo Caporal is an investor relations and products analyst at Ibiuna Investimentos since 2020. Previously, she worked at J.P.Morgan. Victoria holds a Bachelor´s degree in Business Administration from the University of São Paulo (FEA-USP).