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: 06.2023 / Term of office: until 2025 Annual Meeting

He is a founding member and CEO of Canvas Capital and a member of the Votorantim S.A. Board of Directors. He was the Chairman of Credit Suisse Hedging-Griffo, headquartered in São Paulo (2012-2014), and CEO of Credit Suisse Americas and member of the Executive Board of Credit Suisse Group (2010-2012) and CEO of Credit Suisse Brasil (2003-2010). He joined Credit Suisse in 1997 and was appointed CEO of Credit Suisse Brasil operations in 2003. As CEO of Credit Suisse Brasil, he oversaw the expansion of the bank’s market presence, including the acquisition of Hedging-Griffo in 2007. He holds a degree in Economics from the Pontifical Catholic University of Rio de Janeiro and an MBA from the London Business School (University of London).

Caio Ibrahim David Vice-Chairman (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

He is a founding partner of GHT4-The Family Company, a multi-family office created in 2021 aimed at resource management, new business development, financial advisory, and family governance. Chair of Dimensa’s Board of Directors.

A 33-year career at Itaú Unibanco, where he joined as a trainee in 1997 and left as General Manager of Banco de Atacado and CEO of Itaú BBA in 2021, he worked in several areas at the institution. He became a partner at Itaú BBA, in 2005, and a partner at Itaú Unibanco, in 2010. As General Director of Banco de Atacado, from 2018 to 2021, he was responsible for businesses such as Corporate Banking, Investment Banking, Asset Management, Private Banking, and Treasury & Global Markets. He also led the conglomerate’s entire international operation, which includes retail banking units in Latin America (Argentina, Paraguay, Uruguay, Chile, Colombia, and Peru) and corporate and investment banking in the Americas, Europe, and Asia. He held the position of CEO & President of Itaú BBA from 2018 to 2021 and Executive Vice President from 2010 to 2018, period in which he served in leadership positions that included the positions of CFO and CRO of the Itaú Unibanco Conglomerate. In 1998, he served as an associate at Bankers Trust Co. in New York in Global Risk Management, with great interaction with the international financial and capital markets. He was the Director of Itaú BBA and Porto Seguro, from 2013 to 2015. At Rede, the acquirer of Itaú Unibanco, he served as Vice-Chairman of the Board of Directors from 2010 to 2012.

Additionally, he was Chairman of the Advisory Board of Fundo Garantidor de Crédito (FGC), a deposit insurance institution in the Brazilian financial system, from 2013 to 2015, and a Board Member of Itaú CorpBanca in Chile from 2019 to 2020.

Graduated in Mechanical Engineering from Mackenzie University with a postgraduate degree in Economics and Finance from the University of São Paulo (USP), a master’s degree in Controllership from USP, and an MBA from the University of New York in the USA, with a specialization in finance and international business. In 2021, he completed the Executive Program at Stanford University with an emphasis on innovation and the digital economy.

Ana Dolores Moura Carneiro de Novaes Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

She is currently a director of Neogrid and Zenvia Inc., also coordinating the audit committees of these companies and founding partner of Oitis Consultoria Econômica e Financeira SLU for company valuation and corporate governance. She was a member of the board of directors of OEC S.A. (August 2018 to February 2022, having coordinated the audit committee between 2020 and Feb/2023) and a director of the Credit Guarantee Fund – “FGC” (July 2016 to December 2022, having served as chairperson of the FGC’s Board of Directors between 2019 and 2022). She was a Director of the Brazilian Securities and Exchange Commission (CVM) (July 2012 to December 2014). Previously, she was a member of the board of directors of CCR (independent member from May 2002 to June 2012 and non-independent member from August 2015 to April 2019), member of the board of directors of CPFL Energia (April 2007 to June 2012), Metalfrio (May 2009 to June 2012) and member of the board of directors of Datasul (April 2006 to August 2008). She was also a consultant to the audit committee of Companhia Siderúrgica Nacional (August 2006 to July 2011); investment director at Pictet Modal Asset Management S.A. (1998-2003); and equity analyst at Banco de Investimentos Garantia (1995-1997). She worked at the World Bank in Washington, D.C. from 1991 to 1994, and also taught macroeconomics at the Pontifical Catholic University of Rio de Janeiro (2003) and at the Federal University of Pernambuco (1st semester 1991). She holds a PhD in Economics from the University of California, Berkeley (Dec/1990) and a Law Degree from Pontifícia Universidade Católica do Rio de Janeiro (Dec/2007). Since 1998, she has been a member of the CFA® Institute. She has several technical articles published in technical journals. She is a member of the Board of Trustees of the Cancer Foundation and of the audit committee of the institute of Studies for Public health Policy.

Claudia de Souza Ferris Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

Senior executive with over 30 years of experience in the technology market. She has worked in global technology companies, Microsoft and IBM, and led businesses in Brazil and Canada. She has relevant experiences in both B2B and B2C and a strong history of building businesses of sustained growth or large turn arounds. She became an angel investor, VC co-investor, at Bossa Nova, and mentor to entrepreneurs, executives and startups. She is an Advisory Board Member at EqualWeb, and an Independent Board of Directors’ Member at Senior. She develops work related to Inclusion and Diversity, such as the creation of an investment fund within VC Bossa Nova to support female founders or co-founders of startups and solutions focused on the female market. He is the Treasurer at the Jewish Federation of São Paulo – FISESP, Fiscal Advisor at the Jewish Museum of São Paulo – AAMJSP, Member of the Finance Committee at the Albert Einstein Hospital – SBIBHAE, and Member of the Deliberative Council of the ATID Association – Microcredit. Bachelor’s in computer science, Master in Science by ITA, Executive MBA by FGV, PostGraduation in Digital Business by Columbia/MIT and Counselor Training by Saint Paul. Specializations in executive programs at Wharton, MIT and Singularity.

Claudia Farkouh Prado Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

She is a member of the Board of Directors at Inter & Co, Inc. She was a member of the Executive Committee 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 Consulting Committee of TrustWomen (Thompson Reuters Foundation, 2014-17). She was the Managing Partner of Trench Rossi Watanabe (in 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.

Cristina Anne Betts Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 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.

Florian Bartunek Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

He is an Independent and Unbounded member and current Vice-Chairman of the Board of Directors of B3 and founding partner and CIO of Constellation. Prior to founding Constellation, Florian was a partner at Banco Pactual where he was head of research, proprietary trader, Asset Management responsible and manager of all equity funds and portfolios. Florian earned a B.S. in Business at Pontificia Universidade Católica – PUC Rio (1990). He graduated from Harvard’s YPO President’s Program (2010 – 2021), Advanced Value Investing at Columbia Business School (2021), CEO Harvard Business School Program (2021/23), Bruce Grenwald’s Value Investing Course (2013) at Columbia Business School, Disruptive Innovation (2020) at Harvard Business School, Singularity University Executive Program (2015), Sustainable Business Strategy at Harvard Business School and the Behavioral Finance program at Harvard Kennedy School (2016). Florian was a professor of a Value Investing course at INSPER University in São Paulo and presided the Paulista Chapter of YPO – Young Presidents Organization. In the third sector, Florian is the Vice-President of Instituto PROA, one of the biggest Non-Profit Organizations connected to professional education in Brazil, participates on the Board of Lemann Foundation, as well as the Board of Revista Nova Escola.

Guilherme Affonso Ferreira Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

He is an Independent and Unbounded Member of the Board of Directors of B3 S.A. – Brasil, Bolsa, Balcão, a member of the Board of Directors and the Finance Committee of Arezzo, a member of the Board of Directors and the Audit Committee of M. Dias Branco, a member of the Board of Directors and the Audit Committee of Mitre Realty Empreendimentos e Participacões S.A., a member of the Board of Directors and the Personnel and Compensation Committee of 3R Petroleum, all listed on B3. From 2007 to 2020, he was a partner and chairman of Teorema Capital. He was CEO of Bahema S.A. during the period in which the company was a significant shareholder of Unibanco (1986 to 2008) – and obtained a return of around 50% per year, in dollars, on the investment. He was also a Petrobras Board Member from 2015 to 2018, taking part in the company’s restructuring program. He has a degree in Production Engineering from the Polytechnic School of USP and a postgraduate degree in Economics from Macalester College in St Paul/Minn. He works in the third sector as director of the Instituto de Cidadania Empresarial.

Rodrigo Guedes Xavier Member (Independent and Unbound Director)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

Rodrigo Guedes Xavier is a partner at HPX Capital Partners, the investment manager responsible for the listing of one of the first SPACs focused on Brazil and which had its merger process with Ambipar Response recently completed. He is also a partner at Synapse Ventures, a global Venture Capital platform that invests in innovative funds and companies. In addition, he is a member of the Board of Directors of Globo Comunicação e Participações S.A. He was CEO of Bank of America Merrill Lynch in Brazil, CEO of Banco UBS Pactual, as well as a co-founding partner of the manager Vinci Partners and a partner and member of the executive committee of Banco Pactual. In 2018-2019, he was a fellow at Stanford University’s Distinguished Career Institute (DCI), focusing on the areas of innovation, technology, and entrepreneurship. Also at Stanford, Rodrigo founded and directed Brazil Silicon Valley, a pioneering forum focused on the role of technology and innovation in Latin American development. He holds a degree in Economics from the University of Brasília (UnB), a post-graduate degree in International Economics from Fukushima University in Japan, and an MBA from Thunderbird School of Global Management (Arizona State University). He is a member of some Advisory Boards of non-profit institutions, among them Recode, dedicated to the digital training of vulnerable youth.

Mauricio Machado de Minas Member (Independent)
Election date: 06.2023 / Term of office: until 2025 Annual Meeting

He is an Independent and Bounded member of the Board of Directors of B3. 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., alternate member of the Board of Directors of Odontoprev S.A. and alternate member of the Board of Directors of Grupo Fleury S.A. 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.

Pedro Paulo Giubbina Lorenzini Member (Independent)
Election date: 06.2023 / Term of office: until 2025 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.

 

Fiscal Council
Name Position
André Coji Effective Member (Coordinator)
Election date: 04.27.2023 / Term of office: until 2024 Annual Meeting

He is an effective member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão (“B3”). He is a director of the Israeli Federation, member of the Board of Directors and of the Audit Committee of Via S.A. (“Via”), effective member of the Fiscal Councils of Pet Center Comércio e Participações S.A (“Petz”), Companhia Siderúrgica Nacional (“CSN”), MPM Corpóreos S.A (“Espaço Laser”) and Family Office Manager (multi-family office) with a wide professional relationship network. He has more than twenty years of experience in financial administration and controlling, acting as a director in Private Banking and Family Office. Ten years as CFO of Tecnisa S.A., where he was responsible for treasury, controllership, financial planning and the IPO. Served as member of the Board of Directors and the Independent Related-Party Committee of SMILES. He has a degree in Business Administration from FGV/SP, a law degree from Faculdade de Direito São Francisco, and is certified 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 Effective Member
Election date: 04.27.2023 / Term of office: until 2024 Annual Meeting

Currently is Fiscal Council Sitting Member at B3 S.A – Brasil, Bolsa, Balcão (“B3”). Related Parties Committee Independent Member at Neoenergia S/A, Member of Consulting Board of Techmail Institute and Fiscal Council Member of Associação Endowment SempreFea and a sitting member of the Fiscal Council of CBDN – Confederação Brasileira de Desportos na Neve. Former CFO and Investor Relation at Duke Energy International, served in several positions in national and multinational companies as Safra Group (including BCP and BSE), Bunge Group and Unibanco. Former Chairman of the Board of Duke Energy International Geração Paranapanema S/A, member of BCP’s and BSE’s Administration Board, member of Telemig Celular S/A Fiscal Council, Audit Committee member of CESP S/A, Independent Board Member and Audit Committee Coordinator at PRODESP S/A and Fiscal Council Independent member at Anauger. Currently Member of Consulting Board of Techmail Institute, Related Parties Committee member ate Neonergia S/A and Fiscal Council Member at B3 S/A. She holds a degree in Accounting in University of São Paulo (“USP”), completed Master’s credit and specialization in Financial Mathematics, both in USP, MBA from PDG/EXEC and Pos MBA in Corporate Governance from BI International with Columbia University. Board Member and Fiscal Council IBGC Certification.

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.

Marcus Moreira de Almeida Effective Member
Election date: 04.27.2023 / Term of office: until 2024 Annual Meeting

He was an employee of Banco do Brasil S.A. from May 1987 to January 2020, where he held senior management positions in the Finance Department of the institution. He held the position of Investment Officer at Previ – Caixa de Previdência dos Funcionários do Banco do Brasil until January/2020. He served as a member of the Board of Directors of Neoenergia S.A, since April/2016, where he also served as a member of the Audit Committee, since April/2017, ending his terms in August/2021. He was a member of the Board of Directors of Cosern – Cia Energética do Rio Grande do Norte, of Celpe – Cia Energética de Pernambuco, of Coelba – Cia de Eletricidade da Bahia and member of the Fiscal Council of Kepler Weber. He has a degree in Business Administration from Universidade Federal Fluminense – UFF, a specialization in Financial Administration from FGV/RJ, and an MBA in Finance from Instituto Brasileiro de Mercado de Capitais – IBMEC.

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.

Inês Corrêa de Souza Alternate Member
Election date: 04.27.2023 / Term of office: until 2024 Annual Meeting

She is a member of the Board of Directors of Magazine Luiza S.A., chair of the finance committee of Manserv Investimentos e Participações S.A (“Manserv”) and chair of finance, investments, auditing and risks committee of Radix Engenharia e Software S.A (“Radix”) and BBM Logística S.A (“BBM”), member of the Advisory
Committee of Brainvest Wealth Management and chairwoman of the Advisory Committee of Women Corporate Directors – Brasil. She began her career in the cost, budget and planning areas at General Eletric do Brasil S.A between 1973 and 1975. She later became Financial Director of Companhia Vale do Rio Doce, where she held several executive positions between 1976 and 1999, and also served as Member of the Board of Directors of several companies in the Vale Group. She was the CEO of UBS Bank, as well as general manager of UBS AG in Brazil, being also responsible for the Operations, Corporate Finance and Wealth Management areas of UBS Warburg Bank between 1999 and 2004. She holds a BA in Administration from Fundação Getúlio Vargas (FGV) and an Executive MBA in Finance from Instituto Brasileiro de Mercado de Capitais (IBMEC). She is a board
member certified by IBGC and portfolio manager certified by CVM.

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: 04.27.2023 / Term of office: until 2024 Annual Meeting

She is an alternate member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão (“B3”). She is a member of the Board of Directors and Coordinator of the Audit Committee of Infracommerce Cxaas and Vasta, member of the Fiscal Council of Lojas Renner and Fundação OSESP, Coordinator of the Audit Committee of Track & Field Co, Iguatemi, ABGF – Agência Brasileira Gestora de Fundos Garantidores e Garantias, Comerc Participações S.A., Localiza Rent a Car and of WEG S.A. She began her career at PricewaterhouseCoopers (PwC) in August 1987, where she served as an audit partner from 2000 to 2018. She was a full member of PwC’s Board and of the Board of Directors of Transportadora Sulbrasileira de Gás. She holds a bachelor’s degree in Business Administration and Accounting Sciences from Pontificia Universidade Católica do Rio Grande do Sul (PUC/RS), MBA Specialization in Marketing in Services from Fundação Instituto de Administração (FIA/USP), MBA in Digital Business (UP), Master’s degree in Accounting and Controllership from Universidade de São Paulo (FEA/USP). She is a board member certified by the Brazilian Institute of Corporate Governance – 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: 04.27.2023 / Term of office: until 2024 Annual Meeting

She is an alternate member of the Fiscal Council of B3 S.A – Brasil, Bolsa, Balcão (“B3”). She is a member of the Board of Directors and of the Audit and Risk Committee of Hapvida Participações e Investimentos S.A (“Hapvida”). She served as Fiscal Council Member (2011 – 2013) and Board Member (2013 – 2018) at Fibria Celulose S.A., Board Member at Paranapanema S.A (2014 – 2016) and Fiscal Council Member at Invepar S.A (2016 – 2018). She holds a bachelor’s degree in Business Administration from FGV-EAESP and a postgraduate degree in Business Administration and Accounting from FGV, a master’s degree in Business Administration from USP and a master’s degree in Controllership and Accounting from FEA/USP. She is a board member certified by ICSS-A, with participation in the Risk Management and Controls commission of IBGC and
participation in the Board Members of EY, as well as ACI-KPMG.

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
Gilson Finkelsztain is the CEO of B3 S.A – Brasil, Bolsa, Balcão, is also Chief Executive Officer of Cetip Info Tecnologia S.A., and Chief Executive Officer of Banco B3 S.A. He was CEO of Cetip S/A from August 2013 to April 2017, having been part of the company’s Board of Directors between 2011 and 2013. He worked for 20 years in international financial institutions such as Citibank, JP Morgan, Bank of America Merrill Lynch and Santander, where he held management positions in Brazil and abroad, always related to the foreign exchange, fixed income, variable income and commodities markets. He holds a degree in Civil Engineering from the PUC – Pontifícia Universidade Católica of Rio de Janeiro (1994) and a postgraduate degree from the INSEAD-Advanced Management Program (2011). In the third sector, he serves as Chairman of the Board of Directors at Cetip Educacional and Member of the Governance Board of B3 Social.
Viviane Basso Chief Operating Officer – Issuers, Depositary and OTC
Viviane Basso is Chief Operating Officer – Issuers, Depositary and OTC of B3 S.A – Brasil, Stock Exchange, Branch and Vice-President of Banco B3. She began his career in 1998 at the CBLC (Companhia Brasileira de Liquidação e Custódia), the BOVESPA clearinghouse, working on major projects such as the Restructuring of the Payments System (SPB), the incorporation of the BVRJ clearinghouse and studies/construction of solutions for the development of the secondary market for fixed income securities. In 2002, she was hired by BM&F, with the mission of building the Asset Clearinghouse, a central counterparty for the secondary market of federal government bonds. It went through the merger of BM&F with BOVESPA, highlighting its leadership in the Project for the Integration of Clearings (IPN), and then the creation of B3, with the incorporation of CETIP. She has held a variety of positions in the organizations, including the position of Director of Settlement/Post Trading. She holds a degree in Economic Sciences from Universidade Estadual Paulista (Unesp), with a specialization from the University of Wharton.In the third sector, she serves as a member of the Governance Board of B3 Social.
Mario Palhares Chief Operating Officer – Electronic Trading and CCP
Mario Palhares is Chief Operating Officer – Electronic Trading and CCP at B3 S.A – Brasil, Bolsa, Balcão. He began his career at Esso Brasileira de Petróleo and worked at financial institutions before joining BM&F in 2002. He participated in the BM&F demutualization and IPO process, the BM&F merger process with Bovespa and the merger process of BM&FBOVESPA with Cetip. He held several positions in the organization including the position of Director of Banco B3 between 2010 and 2013. From 2014 to 2020, he held the position of Director of Electronic Trading at B3. In 2021, he held the position of Director of Listed Products at B3. He holds a degree in Business Administration from PUC–RJ, a Postgraduate Degree in Finance from IBMEC–RJ and a Master’s in Business Administration from PUC–RJ.
André Veiga Milanez Chief Financial, Corporate and Investor Relations Officer
André Veiga Milanez is Executive Director of Finance, Administration and Investor Relations of B3 S.A – Brasil, Bolsa, Balcão. André started his career at PricewaterhouseCoopers, where he worked for 11 years as an auditor and consultant for financial market 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 gave rise to 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 collection areas at B3. He holds a degree in Business Administration from the Pontifícia Universidade Católica – PUC SP, in Accounting Sciences from Universidade Paulista and a Diploma in International Accounting Standards (IFRS) from the Association of Certified Public Accountants of the United Kingdom (ACCA).
José Ribeiro de Andrade Chief Product and Client Officer
José Andrade is Chief Client and Products Officer at B3 S.A – Brasil, Bolsa e Balcão. He was Co-Head of Trading in local LATAM markets and member of the Latin America Executive Committee of Bank of America Merrill Lynch. He also worked at Citibank Brasil, where he was responsible for the foreign exchange and derivatives trading areas, as well as the product structuring area, with a focus on foreign exchange, interest rate and commodities derivatives. In addition, he worked for 3 years in a local joint venture between Itaú and Bankers Trust (IBT) in the equity and index derivatives market. He graduated in Production Engineering from Escola Politécnica of Universidade de São Paulo and graduated with an MBA in Finance from IBMEC (now Insper) in 1994.
Rodrigo Antônio Nardoni
Gonçales
Chief Technology
Rodrigo Nardoni is Chief Technology Officer at B3 S.A – Brasil, Bolsa, Balcão. From 1995 to 1997 he held the position of systems analyst at IBM Brazil. He served as an IT consultant at Banco Bradesco (1998- 2000) and at Citigroup Brasil (2000-2002). He joined BM&F in 2002 as a systems analyst and subsequently served as systems development manager until 2008. In 2008, at BM&FBOVESPA he assumed the oversight of the PMO and in 2010 he became Director of Development Post Trade Systems. He holds a degree in Systems Analysis from the Pontifícia Universidade Católica de Campinas in 1996, an MBA in Strategic and Economic Project Management from Fundação Getúlio Vargas and executive education from the Wharton School of the University of Pennsylvania in 2014. In the third sector, he is a member of the Board of Directors of Cetip Educacional.
Marcos Vanderlei Belini
Ferreira
Chief Financing Infrastructure Unit Officer
Marcos Vanderlei is Chief Financing Infrastructure Unit Officer at B3 S.A – Brasil, Bolsa, Balcão. He began his career in 1995 at Unibanco S.A. as supervisor of vehicle collection, having been promoted to manager. In the same year, he took over the credit desk for the branch network. In 1998, he took over the collection management of Dibens, a company acquired by Unibanco. In 2001, he became responsible for the Credit and Collection structure of Banco InvestCred (joint venture UBB and Ponto Frio) having held the position of Credit and Collection Director. In 2004, he was appointed as Credit and Collection Officer of the automotive sector for Individuals and Companies at Itaú, where, in 2013, he assumed the position of Credit and Collection Officer of ACIVS (Cards, Real Estate, Vehicles and Insurance Area) and served as Credit and Collection Officer in the period between 2014 and 2016. He holds a degree in Law from Universidade Brás Cubas in São Paulo, an MBA in Business Management from FGV in São Paulo and a specialization in Bank Management from the Swiss Finance Institute.
Ana Buchaim Chief People, Branding, Communication, Sustainability and Social Investment
Ana Buchaim is Chief of People, Branding, Communication, Sustainability and Social Investment at B3. She is at the forefront of the entire cultural and brand transformation of the new company created in 2017. Today, she is the executive responsible for delivering responsible internal management and promoting best practices on the ESG agenda, sustainable investment and good practices with listed companies. With a solid career in financial institutions such as Banco Santander, ABN Amro and Citibank, she joined Cetip, where she was responsible for the development of the Human Resources area. She has a degree in Business Administration from the Faculty of Economics, Administration, Accounting and Actuarial Science at Universidade de São Paulo (FEA-USP), and a degree in Psychoanalysis from the Center for Psychoanalytic Studies
Ana Carla Abrão Costa Chief Business Development Officer
She is the Vice President of New Businesses at B3 S.A. – Brasil, Bolsa, Balcão and was a member of the Board of Directors of B3 until February 2023. She served as the head of the Oliver Wyman office in Brazil, a partner in the Finance & Risk and Public Policy practices, and a member of the Global Executive Committee of the mentioned company. She spent a significant part of her professional life in the financial industry, with recognized expertise in financial services and regulation, as well as in the public sector. With extensive academic contributions in the areas of credit markets, bank runs, regulation and bank credit, real estate credit market, and bank spreads, Ana Carla holds a Ph.D. in Economics from the University of São Paulo, a master’s degree from EPGE/FGV, and a Bachelor’s degree in Economics from the University of Brasília. She was a consultant at the Credit Guarantee Fund (FGC) in Brazil, a career civil servant at the Central Bank of Brazil, working in the Department of Banking Economics Research, Chief Economist at Tendências Consultoria Integrada, Director of the risk control area at Banco Itaú Unibanco, and Secretary of Finance for the State of Goiás before joining Oliver Wyman as a partner in May 2017. She is a columnist for the Economy section of Estadão and serves voluntarily as a Board Member of Civic-Co, RenovaBR and, SempreFEA.
Eduardo Farias Executive Director of Governance and Integrated Management
Eduardo Farias leads the Governance and Integrated Management areas at B3, comprising the following disciplines: Internal Controls, Compliance, Continuous Improvement, Corporate Risk, Modeling Risk, Business Continuity, Information Security, Customer Centrality, PMO and Lean Agile. , in addition to being Risk Director at Banco B3. He started his career more than 20 years ago in consulting and auditing companies working in large financial institutions contributing to the development and application of methodologies that helped to mitigate risks and change cultures. He holds a degree in Computer Science from UFF (Universidade Federal Fluminense), an MBA in Finance from IBMEC and a Master’s in Accounting from USP. He has CISA certificates – Certificate in Information System Auditing – ISACA; CGEIT – Certificate in IT and Business Governance – ISACA, CRISC – Certificate in Risk and Control of the Information System – ISACA and BS 7799 – Lead Auditor in Information Security.
Silvia Maria de Almeida Bugelli Valença Legal Executive Officer
Silvia Maria has solid experience in financial institutions and law firms, working for over 30 years in the financial and capital markets, with regulators, auditors, lawyers, compliance teams, internal and external clients. She was a legal director, partner of Genial Group and member of the Executive Committee, acting as director responsible for the areas of compliance and internal controls, with strong performance in the review of policies and remodeling of the governance structure, participation in the rating review process conducted by the Central Bank of Brazil, member of audit, PLDFT, compliance, products, anti-fraud and information security committees. Participated in the structuring of privatization projects, such as Eletrobrás, CEB, CEEE, among others. She was a partner and responsible for the legal department of Banco Pactual from 1992 to 1999. She also accumulated experience in other institutions such as Legal Superintendent of Banco Fibra, Legal Director of Americanas.com. She was an active partner in the corporate and capital markets areas in renowned law firms such as Felsberg Advogados and Almeida Bugelli e Valença Advogados. She is a member of ANBIMA’s Distribution Board (since 2020), actively participating in the approval of the commitment term proposals presented by the members, review, reporting and voting in irregularities investigation proceedings – PAI. She holds a degree in Law from the University of São Paulo and an LLM – Master of Laws from Northwestern University, Chicago – USA, focusing on corporate law, capital market, banking law, derivatives, securitization and project finance
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
Cristina Anne Betts Committee Coordinator and Independent Director
Claudia de Souza Ferris Independent Director
Carlos Alberto Rebello Sobrinho External Member
Maria Luiza Lage de Mattos Levi 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 Dolores Moura Carneiro de Novaes 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
José Eduardo Louzada de Araújo External Member
Milena Weiss Aloisi External Member
Pedro Hermes da Fonseca External Member
Ricardo Daniel Gomes de Negreiros External Member
Luiz Paulo Rodrigues de Freitas Parreiras External Member
Nilton José Schneider David 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
Caio Ibrahim David Independent Director
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
Caio Ibrahim David Committee Coordinator
Antonio Carlos Quintella Independent Director
Mauricio Machado de Minas Independent Director
Pedro Paulo Giubbina Lorenzini Independent Director
Ana Dolores Moura Carneiro de Novaes 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 – 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 March 27, 2024