Gustavo Ramalho Reis

Founded in 1958, Merrill Lynch Piece Fenner & Smith, Inc. is an SEC registered broker/dealer located in New York City. The firm is a subsidiary of BAC North America Holding Co. and their ultimate parent is Bank of America Corp. (NYSE BAC).

Founded in 2008, Barclays Capital is a registered investment advisor located in New York City. The firm is a wealth management division of Barclays Capital, Inc., the investment banking division of international financial services group Barclays Bank Plc (LSE: BARC). Barclays Capital, Inc. maintains two distinct investment advisory businesses: Barclays Wealth and Barclays Capital Fund Solutions - Americas. The firm provides investment advisory services to individuals, banks, thrift institutions, pension and profit sharing plans, trusts, estates, charitable organizations, corporations and other business entities. Barclays Capital also provides investment advisory services to the BWAS Funds, which are privatelyoffered domestic and offshore investment funds.

A subsidiary of Lehman Brothers Holdings, Inc., Lehman Brothers, Inc. is a broker/dealer headquartered in New York City. They provide global equity and fixed research. The equity research department covers more than 100 sectors. They use a fundamental, quantitative, strategic and tactical research approach. In addition to these Lehman has also developed special products, such as 10 uncommon values and 10 uncommon eurovalues.