Guilherme Paiva

Morgan Stanley & Co. LLC is a registered broker-dealer subsidiary of Morgan Stanley Domestic Holdings, Inc., ultimately owned by Morgan Stanley (NYSE: MS) in the US. Headquartered in New York City, the firm was founded in 1987 and provides debt and equity services including underwriting, M&A advice, securities dealing and brokerage and trade execution. Their client base ranges from large global institutional investors to hedge funds at the cutting edge of innovation in the industry.

A subsidiary of Deutsche Bank Investment Management Inc., Deutsche IXE LLC is a broker/dealer headquartered in New York City. The firm was formed in 2003 as a joint venture between Deutsche Bank and IXE Grupo Financiero. They are a research force in the Latin American equity markets and are active in the growing primary market for Latin American equity transactions. The new platform leverages Deutsche Bank's formidable cash and derivatives trading expertise. The firm's ultimate parent is Deutsche Bank AG (NYSE: DB).

Deutsche Bank Securities, Inc. (DBSI) is a SEC-registered broker/dealer headquartered in New York City. The firm was founded in 1971 and is a wholly-owned investment banking and brokerage arm of DB U.S. Financial Markets Holding Corp., ultimately held by Deutsche Bank AG (NYSE: DB, FRA: DBK) in Germany. DBSI provides securities brokerage and investment advisory services to domestic and international private clients and institutions. They are also a primary dealer in US government securities as designated by the Federal Reserve.