Marcelo Kfoury

Citigroup Global Markets, Inc. (Broker) (CGMI-Broker) is the broker/dealer division of Citigroup Global Markets, Inc., an investment bank headquartered in New York City with additional offices across the US. The firm was founded in 2004 and is a subsidiary of Citigroup Financial Products, Inc., ultimately held by Citigroup, Inc. (NYSE: C). CGMI-Broker covers all market capitalizations of the major global indices and provides macro and quantitative analysis of global markets and sector trends. Their core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.

BNP Paribas Asset Management Brasil Ltda. (BNPPAM) is the Brazilian asset management arm of Banco BNP Paribas Brasil SA, itself a subsidiary of BNP Paribas SA (XP: BNP, ADR: BNPQY) in France. The firm is headquartered in Sao Paulo and was founded in 1998. BNPPAM provides competitive investment options for high-net worth individuals, pension funds, insurance companies and foreign investors.

Itaú Unibanco SA is the asset management subsidiary of Itaú Unibanco Holding SA (BVMF: ITUB4; NYSE: ITUB) in Brazil. The firm was created as Banco Itaú SA when Unibanco and Itaú merged. Headquartered in Sao Paulo, Itaú Unibanco provides a full line of banking services to individual, institutional and corporate clients.

Part of The Hearst Family Trust, Fitch Ratings Brasil Ltda. The company is based in São Paulo, Brazil. is a leading provider of credit ratings, commentary and research. Fitch Ratings was founded in 1997. Rafael Guedes has been the CEO of the Brazilian company since 1999.

Part of Citigroup, Inc., Banco Citibank SA provides investment advice. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1994. Marcelo Marangon has been the CEO of the company since 2017.

Part of Banco Bradesco SA, Bradesco-Kirton Corretora de Câmbio SA provides brokerage services. The company is based in São Paulo, Brazil. Roberto Medeiros Paula has been the CEO of the Brazilian company since 2012.

Part of Haitong Securities Co., Ltd., Haitong Securities do Brasil SA CCVM is a financial services company based in São Paulo, Brazil. The Brazilian company offers capital market and financing solutions, as well as corporate governance services. The company has several locations, including headquarters, subsidiaries, and branches throughout the American continent. In recent news, the company successfully completed the issuance of obligations for a corporate sustainability-linked emission and was among the 20 best-placed funds by Morningstar. Carlos José Caetano Guzzo has been the CEO of the company since 2001.

Part of Morgan Stanley, Morgan Stanley Corretora de Valores Mobiliarios SA is a Brazilian company that offers specialized investment solutions to help clients achieve their investment goals. The company is based in São Paulo, Brazil. The company also provides processes and services to protect clients from cyber threats and online fraud. The company was founded in 2001. Alessandro Zema has been the CEO of the company since 2008.

Part of Coöperatieve Rabobank UA, Banco Rabobank International Brasil SA provides investment advice. The company is based in São Paulo, Brazil and was founded in 1989.

Part of Morgan Stanley, Banco Morgan Stanley SA is a Brazilian company that provides wealth management and investment banking services. The company is based in São Paulo, Brazil. The CEO of the company is Alessandro Zema.

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.

Citibanamex Casa de Bolsa SA de CV (Broker) (Citibanamex) is the stockbroker division of Citibanamex Casa de Bolsa SA de CV, a banking firm headquartered in Mexico City, Mexico. They are ultimately owned by Citigroup, Inc. (NYSE: C) in the US. Citibanamex provides brokerage services in the Mexican Stock Market.

Santander CCVM SA is a brokerage firm headquartered in Sao Paulo, Brazil. The firm was founded in 1982 and is a subsidiary of Banco Santander (Brasil) SA (BVMF: SANB3; NYSE: BSBR). Santander provides brokerage services to their clients.

Founded in 1967, J. Safra Corretora de Valores e Câmbio Ltda. The company is based in São Paulo, Brazil and is part of Grupo Safra SA (Private Group). is a Brazilian brokerage company that provides brokerage services.

Part of Bank of America Corp., Merrill Lynch SA CVTM is a brokerage services provider. The company is based in São Paulo, Brazil. The Brazilian company was founded in 1998. Eduardo Alcalay has been the CEO of the company since 2017.

Part of Banco BTG Pactual SA, Fator SA Corretora de Valores is a Brazilian company that provides brokerage services. The company is based in São Paulo, Brazil. The company was founded in 1971. The CEO is Rogério Karp Macedo. Fator SA Corretora de Valores was acquired by Banco BTG Pactual SA.

XP Gestão de Recursos Ltda. (XP) is the asset management subsidiary of XP Holding Investimentos SA, ultimately held by XP, Inc. (NASDAQ: XP) in Brazil. The firm was founded in 2006 by Guilherme Benchimol. Headquartered in Rio de Janeiro, XP manages a range of funds for individuals, financial institutions, businesses, family offices and institutional investors.

Part of Banco BTG Pactual SA, BTG Pactual CTVM SA is a Brazilian company that develops digital banking mobile application software. The company is based in São Paulo, Brazil. The company was founded in 1973. Rodrigo Goes has been the CEO of the company since 2009.

Part of G5 Participações Ltda, G5 Gestora de Recursos Ltda. is a financial services company based in São Paulo, Brazil. G5 Gestora de Recursos specializes in wealth management, financial restructuring, and real estate services. The Brazilian company was founded in 2011 by Renato Klarnet, Marcelo Lajchter, Corrado Varoli. Corrado Varoli has been the CEO since 2011.

AZ Quest Investimentos Ltda. (AZ Quest) is the Brazilian asset management subsidiary of AZ Brasil Holdings Ltda., ultimately held by Azimut Holding SpA (BIT: AZM, ADR: AZIHY) in Italy. The firm was founded by Luiz Carlos Mendonça de Barros in 2001. Headquartered in Sao Paulo, AZ Quest offers investors a diversified platform of high quality products in Equities, Macro, Private Credit and Arbitrage strategies.

Perfin Administração de Recursos Ltda. (Perfin) is the asset management subsidiary of Infinity Participacoes Em Novos Negocios Ltda. in Brazil. The firm was founded in 2007 by Ralph Gustavo Rosenberg and Luís de Oliveira Perego. Headquartered in São Paulo, Perfin specializes in equity fund management for individual and institutional investors. To align investments, the partners invest in the same vehicles as clients.

GTI Administracão de Recursos Ltda. is a Brazilian company based in São Paulo, Brazil. and has subsidiaries in Brazil. GTI Administração de Recursos is an independent asset management firm that specializes in equity investment funds. The Brazilian company was founded in 2007 by Gustavo Marini and André Gordon, with André Gordon serving as CEO since then.

XP Investimentos SA provides securities brokerage and financial portfolio management services. Its solutions include financial services, asset management, education and media, insurance and pension services, and technology. The company was founded by Guilherme Dias Fernandes Benchimol and Marcelo Maisonnave in 2001 and is headquartered in Rio de Janeiro, Brazil.

BW Gestão de Investimentos Ltda. (BWGI) is the alternative investment management subsidiary of Brasil Warrant Administração de Bens e Empresas SA in Brazil. Headquartered in Sao Paulo, BWGI was founded in 1998 and manages various funds for individual and institutional investors.

Part of Moody's Corp., Moody's América Latina Ltda. is a company based in São Paulo, Brazil. Moody's América Latina Ltda. provides investment research. The Brazilian company was founded in 1997. Carlos Prates has been the CEO of the company since 2021.

UBS Brasil CCTVM SA is the Brazil-based broker/dealer subsidiary of UBS Brasil Participações S, ultimately owned by UBS Group AG (SWX: UBSG). Headquartered in Sao Paulo, the firm was founded in 1999 and provides broking services to corporate and institutional clients.

Ibiúna Macro Gestão de Recursos Ltda. The company is based in São Paulo, Brazil. Ibiúna Investimentos manages over $35 billion in assets distributed in three funds\: macro, shares, and credit. The Brazilian company believes that initiatives that have a positive impact on society are fundamental in any line of business. The company incorporates investment processes fully into the different assets they operate. The company has the support of an external consultancy specializing in sustainable finances to monitor and measure ex-exit factors for managed portfolios, as well as supporting the integration of these factors with asset analysis and management processes. is a Brazilian independent resource manager that was founded in 2010 by Rodrigo Telles da Rocha Azevedo and Mário Gomes Torós. Mário Gomes Torós has been the CEO since 2010.

Genial Institucional CCTVM SA is the broker/dealer subsidiary of Genial Investimentos Corretora de Valores Mobiliários SA, ultimately held by Holding Plural SA in Brazil. Headquartered in São Paulo, the firm offers a full spectrum of brokerage services for institutional investors, companies and individuals.

J. Safra Asset Management Ltda. (Safra AM) is an asset management firm headquartered in Sao Paulo, Brazil. The firm was founded in 1968 and is a subsidiary of Sercom Trade Services Ltda., ultimately held by Grupo Safra SA in Brazil. Founded in 1968, Safra AM manages assets for individual and institutional clients.

Vinland Capital Management Gestora de Recursos Ltda is a private company based in Brazil that aims to generate high risk-adjusted returns by seeking opportunities in various liquid asset classes without geographic restrictions, with a focus on Latin America. Vinland Capital Management Gestora de Recursos has subsidiaries in Cayman Islands. The Brazilian company was founded by Rogério Freitas.

Garde Asset Management Gestão de Recursos Ltda. is a multi-strategy independent resource management company based in São Paulo, Brazil. Garde Asset Management specializes in managing social security funds and offers a diversified basis of partners, institutional clients, and investors. The company's management is based on the concept of multi-strategy, with members specialized in each investment segment, acting in the Brazilian and international interests of interest, currencies, actions, and commodities, combining traditional management and systematic management. Part of GCP Holding Ltda., Garde Asset Management is a fiduciary company that offers fixed income, multimarket, and stock investment funds. The company was founded in 2013, and Marcelo Giufrida has been the CEO of the company since then.

Empirica Investimentos Gestão de Recursos Ltda. is a Brazilian company based in Barueri, Brazil. Empirica Investimentos specializes in structured credit and connects credit investments. The Brazilian company offers smart investment options that align with the financial goals of its clients. However, Empirica Investimentos does not sell or distribute investment funds quotas or any other financial assets. The profitability obtained does not represent a guarantee of future profitability. The private company's website stores cookies on the user's device to provide a better navigation experience. The company was founded in 2009, and Leonardo Russo Calixto has been the CEO since then.

Âmago Gestão de investimentos Ltda. (dba Âmago Capital) is an independent equity-focused asset management firm headquartered in Sao Paulo, Brazil. The firm was co-founded by Rodrigo Barros and Iram Siqueira in 2016. Âmago Capital manages long-biased investment funds for various investors.

Part of XP, Inc., XP Investimentos CCTVM SA is a financial investment company based in Rio de Janeiro, Brazil. The Brazilian company offers a variety of investment options such as CDB, LCA, LCI, COE, CRI, CRA, Fundos, Futuros, Tesouro, and more. XP Investimentos CCTVM was founded in 1997 by Guilherme Benchimol, who has been the CEO since then.

Asset1 Investimentos Ltda. The private company is based in São Paulo, Brazil. The Brazilian company aims to generate surplus returns consistent with its customers. is an investment company founded by professionals with over 20 years of experience in the asset management market. The company was founded in 2019 by Marcelo de Lima Fatio and Marcello Siniscalchi.

Atmosphere Capital Gestão de Recursos Ltda is a Brazilian investment management company based in São Paulo, Brazil. The private company specializes in managing investments in developed markets, with a focus on maximizing risk-adjusted returns through permanent control of volatility and diversification in the team's expertise sectors. The company was founded in 2017 by Paschoal Paione and Felipe Mattar, with Felipe Mattar serving as the CEO since then.

Part of The Goldman Sachs Group, Inc., Goldman Sachs do Brasil CTVM SA is a financial company based in São Paulo, Brazil. In 1995, the Brazilian company established its mergers and acquisitions advisory business in Brazil. The São Paulo office offers a diverse portfolio of products and services, providing clients with access to local experts and the worldwide reach of Goldman Sachs. The company is committed to helping the communities where they work and live, and to supporting a work environment that reflects the diversity of the communities where they operate. The company was founded in 1869 and has offices in major financial centers worldwide. Maria Silvia Bastos Marques has been the CEO of the company since 2018.

Part of Warsk Participações Ltda., Apex Capital Ltda. The company is based in São Paulo, Brazil. is a Brazilian company that provides independent management of third-party resources. The company's description includes policies related to ethics, risk, internal controls, personal investment, allocation, information security, training, voting, privacy, ESG, and environmental practices. The company specializes in analyzing and managing resources for large national and international banks and managers. The company was founded in 2011 by José Rocha, Fabio Spinola Vianna, Paulo Eduardo Muller Weickert. Fabio Spinola Vianna has been the CEO since 2011.