Investor Relations

Management Board

Board of Directors

Defines B3’s strategy and annual budget. As well as deciding when to call Shareholders’ Meetings and proposing how to distribute earnings, it is responsible for electing and overseeing the executive officers and choosing the independent auditors. The board meets monthly, and its members are elected at a Shareholders’ Meeting. Their terms of office is two years, with reelection permitted. They cannot be elected or appointed to the Company’s Executive Board.

Name Position
Antonio Carlos Quintella Chairman (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

He is the founding partner and CEO of Canvas Capital, and Chairman of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão (former BM&FBovespa). He was the Chairman of Credit Suisse Hedging-Griffo, in São Paulo (2012-14), CEO of Credit Suisse Americas, and member of the Executive Board of Credit Suisse Group (2010-12), and CEO of Credit Suisse Brazil in (2003-10). He joined Credit Suisse in 1997 and was appointed CEO of Operations of Credit Suisse Brazil in 2003. As CEO of Credit Suisse Brazil, he supervised the presence expansion of the bank in the market, including the acquisition of Hedging-Griffo, in 2007. He holds a bachelor’s degree in Economics from Pontifícia Universidade Católica do Rio de Janeiro and MBA from London Business School (London University).

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Florian Bartunek Vice-Chairman (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

Founding partner and CIO (Chief Investment Officer) of Constellation Asset Management, besides being Vice-Chairman of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão. Florian started the activities of Constellation in 1998 through Utor Investimentos, a proprietary vehicle that was created to manage the resources from former controlling shareholders of Banco Garantia. Prior to founding Constellation, he was a partner of Banco Pactual, where he was Head of Research, proprietary trader, responsible for the Asset Management and manager of all equity funds and portfolios of the bank. Florian started his career at Banco Nacional in 1989. He holds a degree in Business Administration from Pontifícia Universidade Católica – PUC RJ (1990). Florian participated in the Harvard Business School-YPO program (2016). He was a professor in the Value Investing course at IBMEC-SP (current Insper), and CEO of Capitulo Paulista of YPO (Young Presidents Organization). In the third sector, he is the Vice-President of ProA, one of the biggest NGOs linked to professional education in Brazil, and he is part of the Fundação Lemann Council, Chairman of the Fundação Estudar e counselor of Revista Nova Escola.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Alberto Monteiro de Queiroz Netto Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

Currently, Mr. Monteiro is the Director Executive Vice-President responsible for the Wealth Management segment at Banco Santander Brasil, a member of the Board of Banco Santander, and an independent member of the Board of B3 S.A. – Brasil, Bolsa, Balcão. He was the CEO of BB DTVM (2006-09) and Vice-President of ANBID (current ANBIMA, from Feb/2007 to Aug/2009). He worked as Financial and Investor Relations Director of CSN – Companhia Siderúrgica Nacional (2009-11). He was the Financial and Investor Relations Director of Suzano Papel e Celulose S.A. (2011-14), acted as Director Executive Vice-President of Finance at Graninvestimentos S.A. (2014-16), and worked as Director Executive Vice-President of Banco do Brasil S.A., responsible for the areas of Finance, Investor Relations, Mergers and Acquisitions (M&A) until Nov/2017. He holds a degree in Business Administration from Faculdade de Ciências Políticas e Econômicas do Rio de Janeiro. He also completed a post-graduate degree in financial institutions from Faculdade de Economia e Administração de empresas of Universidade de São Paulo, and a MBA in Corporate Finance from Fundação Getúlio Vargas of Rio de Janeiro.

He is a politically exposed person until Nov/2022. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Ana Carla Abrão Costa Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

She is the head of Oliver Wyman office in Brazil, a partner for the practices of Finance & Risk and Public Policies, as well as a member of the Global Executive Committee of this company, besides being an Independent and Unbound Member of the Board of Directors of B3. She spent most of her professional life in the financial industry, with recognized experience in services, financial regulation, and in the public sector. She has an extensive academic production in the areas of credit markets, bank run, regulation, and bank credit, real estate credit market, bank spreads, and recognized contribution to the public debate. She was a consultant in the Credit Guarantee Fund (FGC) in Brazil, and a public employee in the Central Bank of Brazil, having worked in the Banking Economy Research Department, Chief Economist in Tendências Consultoria Integrada, director of the Control & Risk area of Banco Itaú Unibanco, and Finance Secretary of the State of Goiás until she joined Oliver Wyman as a partner in May 2017. Ana Carla holds a Ph.D. degree in Economics from the Universidade de São Paulo, and also holds a Master’s degree from EPGE/FGV, and a Bachelor’s degree in Economics from Universidade de Brasília. She is a columnist in the Economy section of “Estadão” newspaper and acts as a volunteer counselor at Civic-Co, RenovaBR, SempreFEA, and Escola Graduada de São Paulo (Graded).

She is a politically exposed person until Nov/2022. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Claudia Farkouh Prado Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

She is an Independent and Unbound member of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão. She was a member of the Board of Directors of Baker McKenzie Global Law Firm (2013-17), President of the Global Financial Committee of Baker McKenzie Global Law Firm (2013-17), President of Latin America of Baker McKenzie Global Law Firm (2013-17), a Member of the Consultive Committee of TrustWomen (Thompson Reuters Foundation, 2014-17). She was the Administrative Partner of Trench Rossi Watanabe (cooperation with Baker McKenzie, 2010-13). She also worked as Latin America Coordinator of the M&A and Private Equity practice groups (2004-11), and as a specialized attorney in Mergers & Acquisitions (M&A) in Brazil and in the United States (1986-2011). She also was a member of the Fiscal Council of Instituto de Responsabilidade Social Sírio-Libanês. She holds a degree in Law from Universidade de São Paulo, a Master’s degree in Comparative Law (Southern Methodist University – Dallas), Executive Management Program (Kellog School of Management – Northwestern University – Chicago), Executive Leadership Program (The Center for Creative Leadership – Colorado Springs), International Directors Program (INSEAD – The Business School of the World). She is a member of the Governance Council of B3 Social, a third sector entity.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against her in any disciplinary or court proceedings in the last five years.

Cristina Anne Betts Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

She is the CEO of Iguatemi S.A. since January 2022, a member of the Board of Directors of B3 S.A., the Finance Committee of Votorantim Cimentos, and the Fiscal Council of Rumo S.A. The executive, who worked as co-CEO of Iguatemi S.A. since October 2021, is in the Company since 2008, of which 13 years she was CFO responsible for the areas of Strategic Planning, Innovation, e-commerce, M&A, Accounting, and Fiscal Controllership. Cristina was also responsible for the idealization, implementation, and management of Iguatemi365, the brand e-commerce launched in October 2019. She holds a degree in Business Administration from Fundação Getúlio Vargas (FGV) in 1991, CEAG in 1994, and an MBA from INSEAD, in France. Previously, she worked in companies such as PriceWaterhouse, Banco Credit Suisse, First Boston Garantia, Bain & Company, and TAM Linhas Aéreas S/A. At TAM, she was the Strategic Planning and Controllership Director, and also was responsible for the Investor Relations area.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against her in any disciplinary or court proceedings in the last five years.

Eduardo Mazzilli de Vassimon Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

He is the Chairman of the Board of Directors of Votorantim S.A. (since 2019), a member of the Board of Directors of Totvs (since 2019), and B3 S.A. – Brasil, Bolsa, Balcão. He was the General Director of Itaú Unibanco Holding S.A., and President-Director of Itaú BBA (2017-2018), Director Vice-President of Itaú Unibanco S.A. (2013-16), acting as “CRO” (2013-14), and “CRO”/”CFO” (2015/16). He also was the Director Vice-President (2015-16) and Executive Director (2013-15) of Itaú Unibanco Holding S.A. He worked as Director Vice-President of Banco Itaú BBA S.A. (2003-08); Director of the International Area of Banco BBA-Creditanstalt S.A. (1992-2003); Associate Director of Foreign Exchange of Banco BBA-Creditanstalt S.A. (1990-91); and General Foreign Exchange Manager of Itaú Unibanco S.A. (1980-90). He holds a degree in Economics from Universidade de São Paulo, and in Business Administration from Fundação Getúlio Vargas. Post-graduate degree from FGV and from École des Hautes Études Commerciales. In the third sector, acts in ACTC – Casa do Coração, Associação Endowment Sempre FEA, Fundação Itaú Educação e Cultura, Instituto Acaia, Instituto Rodrigo Mendes, MASP e Todos Pela Educação.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Guilherme Affonso Ferreira Member (Independent and Unbound Director)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

Since 2020, he is a partner and Senior Advisor of MOS Capital. Besides that, he is a member of the Board of Directors of Arezzo, B3 S.A. – Brasil, Bolsa, Balcão, M. Dias Branco, Mitre S.A., 3R Petroleum, and Valid, all listed in B3. From 2007 to 2020, he was a partner and Chairman of Teorema Capital. He was CEO of Bahema S.A. in the period that the company was a relevant shareholder of Unibanco (1986 to 2008) – and obtained a return of approximately 50% a year, in USD, with the investment. He was also a Board member of Petrobras from 2015 to 2018, participating in the company restructuring program. He holds a degree in Production Engineering from Escola Politécnica of USP and holds a post-graduate degree in Economics from Macalester College in St. Paul/Minn. He acts in the third sector in the Deliberative Council of Instituto de Cidadania Empresarial, and as a Director of the Sociedade Harmonia de Tênis.

He is a politically exposed person until May/2023. The CVM Board condemned Mr. Guilherme to pay a fine of R$80,000.00 as Investor Relations Officer of Bahema S.A., for his failure to indicate transactions with related parties involving Bahema S.A. and Teorema in the financial statements for the years ended 12/31/2011 to 12/31/2015, and in the Reference Form of Bahema S.A. CVM’s decision is subject to appeal before the Appeals Council of the National Financial System.

João Vitor Nazareth Menin Teixeira De Souza Member (Independent)
Election date: 05.2021 / Term of office: until 2023 Annual Meeting

He is President Director of Banco Inter (since Dec/15), and an independent member of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão. He joined Banco Inter in 2004, being elected Executive Director in April 2008, and President Director in December 2015. He has large experience in the financial and capital markets, having contributed to and/or led the main projects of Banco Inter in the past ten years. Additionally, he was a Board member of Banco Inter until 2019. He holds a degree in Civil Engineering from FUMEC, in Belo Horizonte/MG (2005), with an MBA in Finance from IBMEC (2008). In the third sector, he is a member of the Deliberative Council of Associação Órbi Conecta, since mid-2017, a non-profit association that aims to foment and support impact, innovation, and technology entrepreneurship in Brazil.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Maurício de Machado Minas Member (Independent)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

Currently, Mauricio Minas is a member of the Board of Directors of Banco Bradesco S.A., a member of the Board of Directors of Bradespar S.A., a member of the Board of Directors of Next Tecnologia e Serviços Digitais S.A., and an independent member of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão. At Banco Bradesco S.A., he was the Executive Vice-President Director (Jan/2014-19). He also was a member of the Board of Directors at BBD Participações S.A., Cidade de Deus – Companhia Comercial de Participações (Holding), Bradesco Leasing S.A. – Arrendamento Mercantil, BSP Empreendimentos Imobiliários S.A., NCR Brasil – Indústria de Equipamentos para Automação S.A., e NCF Participações S.A., where he also worked as Vice-President Director (Jun/2016 to Jan/2019). He was the Chairman of the Board of Directors of Aquarius Participações S.A., and Vice-President of the Board of Directors of BBC Processadora S.A., and Chain Serviços e Contact Center S.A. He also was the President-Director of Scopus Tecnologia Ltda. Until January 2019, he held positions in several companies, having being appointed Managing Officer of Banco Bradesco BERJ S.A., and of Bradesco Administradora de Consórcios Ltda., and General Manager of Scopus Soluções em TI S.A. (Apr/2018). Previously, he was appointed Managing Officer in the following companies – Banco Bradescard S.A., Banco Bradesco Cartões S.A., Banco Bradesco Financiamentos S.A., Banco Losango S.A. – Banco Múltiplo, BEM – Distribuidora de Títulos e Valores Mobiliários Ltda., Bradescard Elo Participações S.A., Kirton Bank S.A. – Banco Múltiplo, e Tempo Serviços Ltda. (Apr/2017). He was also a Director of Banco Alvorada S.A., and Vice-President Director of Banco Bradesco BBI S.A. (2014-19). Mauricio was the Director of União Participações Ltda. (2014-18), Director of Banco CBSS S.A. (2014-16), in addition to having held the position of Managing Director of Bradesco Seguros S.A. (2015-16). He holds a degree from Polytechnic School of the University of São Paulo. Executive Education Program in Finance, Wharton School, University of Pennsylvania; General Management Program, Columbia University, New York e Corporate Board Director Program, Harvard Business School, Boston. Strategic Partner do World Economic Forum (WEF). He participates in the third sector as a Member of Mesa Regedora, Managing Director of Fundação Bradesco, and Director of Nova Cidade de Deus Participações S.A.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

Pedro Paulo Giubbina Lorenzini Member (Independent)
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

Currently, he is the Executive Director and a member of the Executive Committee of Itaú-Unibanco S.A., responsible for the areas of Global Markets & Treasury, and LatAm (Argentina, Paraguay, Uruguay, and Colombia). With more than 30 years of experience in the financial market, he led the group of Markets & Securities services at Citi Brazil, a segment of business that includes all activities related to Sales & Trading of Global Markets products (Rates, Currencies, Commodities, Equities, Credit, and Custody Services). He was a member of the bank’s Executive Committee (2008-21), participating in and leading the managing committees of the institution. He worked in the following associations: representative of Citibank in the Executive Board of Febraban (2013-21), he was the president of the Treasury Committee of Febraban (2010-13), Vice-President of Anbima (2010-21), and Director of Anbima (2005-07). He participated as a mentor in several talent developments and diversity programs (Juniors and Seniors). He was a member of the Diversity Committee of Citi LatAm, Co-Head of Citi Women Brazil, and leader of the Generation Diversity Group. He graduated in Business Administration from PUC São Paulo.

Not a politically exposed person. Whether or not final and unappealable, no judgment of guilty has been entered against him in any disciplinary or court proceedings in the last five years.

 

Fiscal Council
Name Position
André Coji Sitting Member (Coordinator)
Election date: 04.28.2022 / Term of office: until 2023 Annual Meeting

He is a Director of Federação Israelita (since Jan/19), Chairman of the Fiscal Council of TECNISA (since Sep/20), Chairman of the Fiscal Council of Espaçolaser, a member of the Fiscal Council of CSN (since 2018), a sitting member of the Fiscal Council of Via Varejo (since Apr/20), and a sitting member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão. He is also a family wealth manager, with a wide network of professional relationships. He was CFO of TECNISA for 10 years, where he performed the duties of treasury, controllership, financial planning, and conduct of the IPO, a member of the Board of Directors and the Independent Committee of Party Related of SMILES, and a member of the Board of Directors of Via Varejo. He has more than twenty years of experience in financial administration and controllership, acting as a Director in Private Banking and Family Property Management (Family Office). He holds a degree in Business Administration from FGV-SP and in Law from Faculdade de Direito São Francisco, with certification by IBGC.

Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against him in any disciplinary or court proceedings in the last five years.

Angela Aparecida Seixas Sitting Member
Election date: 04.28.2022 / Term of office: until 2023 Annual Meeting

She is a member of the Consulting Board of the Institute Techmail, an Independent Member of the Related Party Committee of Neoenergia, a Fiscal Council member of the Associação Endowment SEMPREFEA, and a Sitting Member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão. She was the Controller, Management-Financial Manager, and Chief Financial Officer and Investor Relations in companies in the agribusiness, food, painting, financial institutions, communication, and energy sectors – Bunge (1985/1997), Grupo Safra (1998/2005), and Duke Energy International Geração Paranapanema S.A (2006/2017). She was a member of the Board of Directors of BCP S.A and BSE S.A, a member of the Telemig Celular S.A Fiscal Council, former chairman of the Board of Directors of Duke Energy International Geração Paranapanema S.A, an Independent Member of the Board of Directors and Manager of the Audit Committee of PRODESP. She holds a degree in Accounting, completed Master’s credit, both in the Faculdade de Economia e Administração of University of São Paulo, holds an MBA in Management from SDE, post-MBA in Corporative Governance and Capital Markets – BI International and Columbia University. She has IBGC Certification as Board Director and Fiscal Counselor, as well as taking part of the Mentoring Program WCD / IBGC 2018-2019.

Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against her in any disciplinary or court proceedings in the last five years.

Maria Elena Cardoso Figueira Sitting Member
Election date: 04.28.2022 / Term of office: until 2023 Annual Meeting

She is a partner of Figueira Consultoria Econômica, a member of the Audit Committee of Banco Santander Brasil S.A, a member of the Audit Committee of BR Properties S.A, a member of the Audit Committee of Hospital Sírio Libanês, an advisor of the Audit Committee of Lojas Americanas S.A, and the Fiscal Council of Camil Alimentos S.A, and a sitting member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão. She is also a member of the Governance Committee of Financial Institutions of IBGC, a member of the Governance Strategic Committee of Amcham Brasil, and an Associate of Women’s Corporate Directors – WCD Capítulo Brasil. Her experience in governance bodies also involves acting as president and member of the Consultive Council and Audit and Risks Committee of HSBC Bank Brasil S.A. Professional with experience in the financial market, Banco Santander (Brazil and Spain), and Banco Bilbao Vizcaya Argentina Brasil, and in tax consultancy in KPMG Corporate Finance and Arthur Andersen. She holds a degree in Economics from PUC-RJ, with executive training in Brazil (IBGC, Gonew, Risk University, KPMG, and FAAP), and abroad (IESE, IE, IBGC JT-Israel), and is certified by IBGC as a Board Director, Fiscal Counselor, and member of the Audit Committee.

Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against her in any disciplinary or court proceedings in the last five years.

Gilberto Lourenço da Aparecida  Alternate Member
Election date: 04.2021 / Term of office: until 2023 Annual Meeting

He is an Independent Member of the Board of Directors, Audit and Eligibility Committee of BB Seguridade Participações S.A, and an alternate member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão. He was a sitting member of the Audit Committee of Seguradora Líder-DPVAT (2017-2022), Banco BV (2017-2021), and Brasilcap (2017-2018), a Commercial Director of Brasilcap (2012-2014), and the Investor Relations Director of Banco do Brasil (2010-2012). He was also a sitting Fiscal Counselor of WEG S.A (2013 – 2016), and an Alternate Fiscal Counselor of Coelba (2002 – 2013). He holds a degree in Accounting, with an MBA in Accounting and a post-graduate in Audit and Management.

Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against him in any disciplinary or court proceedings in the last five years.

Estela Maris Vieira de Souza Alternate Member
Election date: 04.28.2022 / Term of office: until 2023 Annual Meeting

She is a member of the Board of Directors and Coordinator of the Audit Committee of Infracommerce Cxaas and Vasta Educação, a member of the Fiscal Council of Lojas Renner S.A., Coordinator of the Audit Committee of Track&Field, a member of the Audit Committee of ABGF, Comerc Energia, Localiza, WEG, and an alternate member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão. She started her career at PricewaterhouseCoopers (PwC) in 1987, where she worked as an audit partner (2000 to 2018). She was a sitting member of the Board of Directors of PwC and Transportadora Sulbrasileira de Gás. She holds a degree in Business Administration and Accounting from Pontifícia Universidade Católica do Rio Grande do Sul (PUC-RS), an MBA in Marketing in Services from Fundação Instituto de Administração (FIA/USP), and Digital Businesses from Universidade Positivo, a Master in Accounting and Controllership from Universidade de São Paulo (FEA/USP). She is a certified counselor by IBGC.

Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against her in any disciplinary or court proceedings in the last five years.

Maria Paula Soares Aranha Alternate Member
Election date: 04.28.2021 / Term of office: until 2023 Annual Meeting

She graduated in Business Administration from FGV-EAESP, and holds a post-graduate degree in Business Management and in Accounting Science from FGV, a master’s degree in Business Administration from USP, and a master’s degree in Controllership and Accountability from FEA/USP. Currently, she participates in the Audit and Risk Committee of the Hapvida Group, and is a sitting member of the Fiscal Council of BRF. She is an ICSS-A certified director.

No judgment of guilty, whether or not final and unappealable, has been entered against her in any disciplinary or court proceedings in the last five years.

Statutory Board

Proposes and executes the strategic plan defined by the board of directors. It also sets guidelines for operations and
for socio-economic and sustainable activities. The officers always think and act in the interests of B3’s performance.
Their term of office is two years, with reelection permitted.

Name Position
Gilson Finkelsztain Chief Executive Officer
Mr. Gilson Finkelsztain is the CEO of B3 since May 2017. From August 2013 to April 2017 he was CEO of Cetip S/A (Brazilian Central Securities Depository) and served as member of the Board of Directors of Cetip from 2011 to 2013, while working at Santander. Gilson has more than 20 years of experience in the financial and capital markets, always in global institutions such as Citigroup, J.P. Morgan, Bank of America Merrill Lynch and Santander, where he held different management positions related to Foreign Exchange, Fixed Income, Equities and Commodities. Gilson holds a Bachelor’s Degree in Civil and Production Engineering from Pontíficia Universidade Católica – PUC Rio de Janeiro (1994) with an extension in Advanced Management at INSEAD (2011).
Viviane Basso Chief Operating Officer – Issuers, Depositary and OTC
Viviane Basso has a degree in Economic Science from São Paulo State University (Unesp), with a specialization from the Wharton School of the University of Pennsylvania. She began her career in 1998 at the now-extinct Clearing Facility and Central Securities Depository for BOVESPA Markets (CBLC). There she worked on major projects such as Restructuring the Brazilian Payments System (SPB), incorporation of the Rio de Janeiro Stock Exchange (BVRJ) clearinghouse, and studies/construction of solutions for the development of the fixed-income securities secondary market. In 2002 she was hired by BM&F, with the mission of constructing the Securities Clearinghouse, a central counterparty for the federal government bonds secondary market. During the merged BM&F and BOVESPA period she had a leading position in the Post-Trade Integration Project (IPN), and after this in the founding of B3, after the CETIP incorporation. She has held several positions in all of these organizations and since 2008 has been Settlement/Post-Trade Director. In May 2021 she became Chief Operating Officer for Issuers, Depository and OTC and Chief Officer for Banco B3.
Mario Palhares Chief Operating Officer – Electronic Trading and CCP
Mario Palhares has a degree in Business Administration from PUC-RJ, with a postgraduate degree in Finance from IBMEC – RJ and a Master’s in Business Administration from PUC-RJ. He started his career at Esso Brasileira de Petróleo and went through financial institutions before joining BM&F in 2002. He participated in the process of demutualization and IPO of BM&F, the process of merging BM&F with Bovespa and the merger process BM&F Bovespa with Cetip. He held several positions in the organization including the position of Director of Banco B3 between 2010 and 2013, Director of Electronic Trading between 2014 and 2019 and Listed Products Officer between 2020 and 2021. Since 2021, he has held the position of Chief Operating Officer (COO) – Electronic Trading and CCP.
André Veiga Milanez Chief Financial, Corporate and Investor Relations Officer
Mr. André Veiga Milanez is the Chief Financial, Corporate and Investor Relations Officer of B3 S.A – Brasil, Bolsa, Balcão. He began his career at PricewaterhouseCoopers, where he worked for 11 years as an auditor and consultant for financial markets institutions. During this period, he worked for three years in the United Kingdom, where he acquired relevant international experience. Additionally, he actively participated in the demutualization and IPO process of Bovespa, as well as in the merger process with BM&F. He joined Cetip in November 2009, where he was responsible for the company’s financial area. In March 2017, with the business combination between Cetip and BM&FBovespa that originated B3, he joined the team of executives responsible for the integration office of the two companies. In October 2017, he also became responsible for the financial planning, controllership, treasury, billing, and charging areas of B3. He holds a degree of Business Administration from Pontifícia Universidade Católica – PUC SP, in Accounting from Universidade Paulista, and graduate in International Financial Reporting Standards by ACCA.
Not a politically exposed person. No judgment of guilty, whether or not final and unappealable, has been entered against him in any disciplinary or court proceedings in the last five years.
José Ribeiro de Andrade Chief Product and Client Officer
Mr. Andrade earned a Masters of Business Administration in Finance from IBMEC (Instituto Brasileiro de Mercado de Capitais) and a Bachelor`s degree in Mechanical /Production Engineering from Escola Politecnica of São Paulo University. Mr. Andrade was Co-Head of Local Markets Trading Latam for Bank of America Merrill Lynch. He was also a member of the Latin American Executive committee. Prior to joining Bank of America Merrill Lynch, he worked at Citigroup Brazil for almost 10 years where he was Head Trader on the Foreign Exchange and Derivatives Desk and later responsible for Structuring and Products, focusing on investment and derivatives products for FX, interest rate, commodities and credit for local and off-shore clients. Prior to that, he worked for 3 years in a Local JV between Itau and Bankers Trust (IBT) where he worked mostly with Equity Derivatives books.
Rodrigo Antônio Nardoni
Gonçales
Chief Information Officer
Mr. Nardoni is a systems analyst graduated at the Pontifical Catholic University of Campinas in 1996, with an MBA in Strategic and Economic Project Management from Fundação Getulio Vargas and Executive Education from Wharton School of the University of Pennsylvania in 2014. From 1995 to 1997 he served as systems analyst at IBM Brazil. He worked as an IT consultant at Banco Bradesco (1998-2000) and Citigroup Brasil (2000-2002). He joined BM&F in 2002 as systems analyst and later became the systems development manager. In 2008, in BM&FBOVESPA he was appointed as the PMO Associate Director and in 2010 became Managing Director of development of post-trading systems department.
Marcos Vanderlei Belini
Ferreira
Chief Financing Infrastructure Unit Officer
He holds a law degree from Brás Cubas University of São Paulo, an MBA in Business Management from FGV, São Paulo and a specialization in bank Management from Swiss Finance Institute. He began his career in 1995 at Unibanco S.A. as supervisor of vehicle collections, having been promoted to manager. That same year, he took over the credit desk for the branch network. In 1998, he became collections manager at Dibens, a company acquired by Unibanco. In 2001, he took charge of the Credit and Collections structure at Banco InvestCred (a UBB-Ponto Fio joint venture), having held the position of Credit and Collections Officer. In 2004, he was appointed Credit and Collections Officer for the automotive sector, for private individuals and legal entities, at Itaú where, in 2013, he took up the position of Credit and Collections Officer of ACIVS (Cards, Real Estate, Vehicles and Insurance Area) and held the position of Credit and Collections Officer between 2014 and 2016.
Ana Buchaim Executive Director of People, Marketing, Communication, Sustainability, and Social Investment
Ana Buchaim is the People, Marketing, Communication and Sustainability Director at B3. She invests mainly in the evolution of the company’s culture and brand. She led the struggles for adaptation of people upon the merger of Cetip with BM & FBOVESPA. She was responsible for the development of Cetip’s Human Resources area, and she built her career in financial institutions such as Banco Santander, ABN Amro and Citibank. Ana holds a graduate degree in Business Administration from Faculdade de Economia, Administração, Contabilidade e Atuária/ Universidade de São Paulo (FEA/USP), with specialization in Change Management from the Chicago Booth School of Business and training in Psychoanalysis from the Center for Psychoanalytic Studies.
Eduardo Farias Executive Director of Governance and Integrated Management
Mr. Eduardo Farias is the executive director of Governance and Integrated Management of B3 and Risk Managing Director of Bank B3. Mr. Farias obtained a BSc Computer Science degree at UFF (Brazilian University), attended a Finance MBA program at IBMEC (Brazilian Capital Market College) and he holds Master’s Degree (MSc) course in accounting at USP (São Paulo University). Mr. Farias obtained the following certificates: CISA – Certified Information Systems Auditor – ISACA; CGEIT – Certified in the Governance of Enterprise IT – ISACA, CRISC – Certified in Risk and Information System Control – ISACA and BS 7799 – Lead Auditor for Information Security. He started his career in 1999 at Arthur Andersen developing audit and consultancy work and served as a consultant for Deloitte Touche Tohmatsu in major financial institutions contributing to the development and application of methodologies that helped to mitigate risks and change cultures. He joined BM&FBOVESPA in 2010 as responsible for the internal audit area, migrating to the corporate risk area in 2013. He served as leader of the integration program with Cetip, and currently leads the areas of Governance and Integrated Management at B3, composed of the following disciplines: Internal Controls,
Compliance, Continuous Improvement, Corporate Risk, Modeling Risk, Business Continuity, Information Security, Client Centrality, PMO and Lean Agile.
Luís Sérgio Kondic Alves Lima Executive Director of Products
Graduated in Mechanical Engineering from Escola Politécnica of the University of São Paulo, Mr. Luis Kondic has worked for the Citi Group since 1996, when he began his career as a trainee. In 2000, he assumed the position of Markets Latin America Management Associate at Citi NY and Mexico and from 2001 to 2005 he served as VP at Citi Brazil. In 2005 he became VP of Citi NY as Markets Rates Structuring Transactor – Latam. From 2009 to 2016, he served as Head of Markets Products and Structuring and from 2016 to 2021 as Head of Markets Corporate Sales at Citi Brasil. In 2021, he was hired by B3 as Director of Listed Products and Data, where he has worked since then.
Committees

They reinforce corporate governance by advising the Board of Directors. The term of office of members is two years.

Audit Committee

This committee is responsible for monitoring and assessing the quality of the Internal Audit and independent audits in the company and its affiliated companies. No more than two audit committee members shall be Independent Directors; the other members shall be external independent members.

MEMBERS
Rogério Paulo Calderón Peres Committee Coordinator
Cristina Anne Betts Independent Director
Alvir Alberto Hoffmann External Member
Carlos Alberto Rebello Sobrinho External Member

 

Audit Committee Rules of Procedure

Audit Committee Complaint Channel

Corporate Governance and Nomination

Among its main functions, this committee promotes the development of governance, assesses the adoption of good practices, and selects and appoints members to the Board of Directors and the Executive Board. It is comprised of four directors, at least two of whom are independent.

MEMBERS
Claudia Farkouh Prado Committee Coordinator
Ana Carla Abrão Costa Independent Director
Antonio Carlos Quintella Independent Director
Guilherme Affonso Ferreira Independent Director

 

Products and Pricing Committee

This committee is responsible for following up the plans for investments and development of the markets managed by the Company, following up the measuring and implementation of the commercial discounts practices adopted by the Company, assessing the price structure of the Company comparing them to the prices practiced by the main international stock exchanges.

MEMBERS
Guilherme Affonso Ferreira Committee Coordinator
Florian Bartunek Independent Director
Eric André Altafim External Member
Luiz Fernando Figueiredo External Member
Luiz Masagão Ribeiro Filho External Member
Marcelo Fidencio Giufrida External Member
Renato Monteiro dos Santos External Member
Roberto de Jesus Paris External Member
Luiz Paulo Rodrigues de Freitas Parreiras External Member
Personnel and Compensation Committee

This committee reviews, proposes and monitors adjustments in parameters, in guidelines, in the compensation and benefits policy, and in the personnel management model. It is comprised of three directors, at least two of whom are independent.

MEMBERS
Antonio Carlos Quintella Committee Coordinator
Claudia Farkouh Prado Independent Director
Florian Bartunek Independent Director
Risks and Finance Committee

The primary responsibilities of the risk and financial committee include monitoring and assessing, from a strategic and structural standpoint, the market, liquidity and systemic risks that affect the markets in which the company operates. It is comprised of at least four directors, from which at least two are independent.

MEMBERS
Eduardo Mazzilli de Vassimon Committee coordinator
Alberto Monteiro de Queiroz Netto Independent Director
Antonio Carlos Quintella Independent Director
Mauricio Machado de Minas  Independent Director
Pedro Paulo Giubbina Lorenzini Independent Director
Cícero Augusto Vieira Neto External Member
Internal Committees

The Internal Committees to the Chief Executive Officer and Executive Board are:

  • Operations Monitoring and Prevention of Money Laundering and Concealment of Assets, Rights and Values, Financing of Terrorism and Financing of the Proliferation of Weapons of Mass Destruction Internal Committee
  • Corporate Risk Internal Committee
  • Conduct and Ethics Internal Committee
  • Operational Qualification Program (PQO) Certification Internal Committee
  • Internal Committee of Fees
  • Information and Cyber Security Internal Committee
  • Sustainability Internal Committee
  • Central Counterpart (CCP) Risk Internal Technical Committee

Click here to access the composition of B3’s Advisory Committees.

Advisory Committees

B3 has continuously strived to work closer with the participants in its markets. For this purpose, the company maintains several open channels with investors and companies in different categories, which collaborate to develop products and services, and to suggest new practices.

In addition to the Committees that support the Board of Directors and the CEO, the Advisory Committees were created to ensure a constant liaison with the B3 market participants. In 2009, these Committees underwent some important enhancements, such as the expansion in the number of participants, which currently stands at around 450. In 2011 the Real Estate Market Committee and the Trading & Technology Committee were created.

Currently, B3 has the following Advisory Committees:

  • Advisory Committee – Risk Analysis
  • Advisory Committee – Commodities
  • Advisory Committee – Companies and Underwriting
  • Advisory Committee – Equities
  • Advisory Committee – Infrastructure for Financing
  • Advisory Committee – Interest Rates and FX Products
  • Advisory Committee – Norms
  • Advisory Committee – Trading
  • Advisory Committee – Post-Trade OTC
  • Advisory Committee – Post-Trade Listed

Click here to access the composition of B3’s Advisory Committees.

Last updated on July 12, 2022