Marcelo Cirne de Toledo

Bram Bradesco Asset Management S/A DTVM (BRAM) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2000 as a result of the consolidation of Bradesco Templeton Asset Management, BCN Alliance Asset Management, Boavista, BANEB, Credireal and Banco Bradesco´s Fund Management and Investment Portfolio departments. They are a subsidiary of Banco Bradesco BBI SA, which is owned by Banco Bradesco SA (BVMF: BBDC4, NYSE: BBD). The firm manages local funds that invest globally for Brazilian investors and, on the other hand, it manages management of Latin American funds for foreign investors. BRAM is a signatory to the UN Principles for Responsible Investment (UNPRI).

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

Banco Itau Asset Management (Itaú AM) is the asset management arm of Banco Itaú SA, a subsidiary of Itaú Unibanco Holding SA (NYSE: ITUB) in Brazil, a leading bank in Latin America. The leading asset manager in the region, Itaú AM is headquartered in São Paulo. They are the largest mutual fund manager among private-sector banks, providing investment products, third party security services, brokerage and manage portfolios for various investors and funds including corporations, private bank customers, pension funds and foreign investors.