Maria Izabel Guerra

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

UAM Assessoria e Gestão de Investimento Ltda. (UAM Assessoria e Gestão) is the asset management division of Itaú Unibanco Holding SA (NYSE : ITUB), a leading South American banking group created in 2008 through the merger of the Itau and Unibanco groups, two of Brazil's leading privately-owned banks. The bank is an affiliate of the financial conglomerate Investimentos Itaú SA, known as Itaúsa. The Moreira Salles family (formerly controlling Unibanco) and the Setubal-Villela family (formerly controlling Itaú) hold significant interests. The group's securities arm has offices in Brazil, New York, London, Tokyo, Hong Kong and Dubai. Based in São Paulo, UAM Assessoria e Gestão combines the asset management activities of the former Itaú Asset Management SA and Unibanco Asset Management SA, founded in 1995. They serve a widely diverse clientele including corporate and institutional clients as well as high-net worth private individuals and retail investors. Foreign investors from the US, Europe, the Middle East as well as Asia (particularly Japan and South Korea) make up a significant part of their clientele. UAM Assessoria e Gestão manages a diverse range of traditional and specialist investment products including Brazilian long-only equity and fixed income funds, as well as hedge funds and funds-of-hedge funds, and discretionary portfolios. IUAM runs an incubator FoF for emerging hedge fund managers. They offer Brazilian products as well as Luxembourg- and Cayman-domiciled funds. The firm subadvises Brazilian and Latin American portfolios for leading global asset management firms.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Banco Alfa de Investimento SA (Investment Management) (Banco Alfa-IM) is the investment management division of Banco Alfa de Investimento SA (BVMF: BRIV3) in Brazil. Founded in 1966, the firm is headquartered in Sao Paulo and manages investment funds for individual and corporate clients.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Santander Brasil Asset Management DTVM SA (SAM Brasil) is the Brazil-based investment management subsidiary of SAM Brasil Participacoes SA, itself a subsidiary of Santander Asset Management Holdings Ltd. in Great Britain. Formerly known as Santander Banespa Asset Management, the firm was founded in 1968 and is located in São Paulo, where they provide mutual fund and discretionary portfolio management for institutions, pension funds, corporations and private investors. In 2009 the firm absorbed the activities of Banco Real Asset Management. They are a signatory to the UN Principles for Responsible Investment which integrates ESG factors into their investment processes.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Far Fator Administração de Recursos Ltda. (FAR) is the asset management subsidiary of Banco Fator SA, ultimately owned by Fator Empreendimentos e Participacoes Ltda. in Brazil.^ Established in 1997, the firm is based in Based in Sao Paulo and develops tailored products for individual and institutional clients including open and closed pension funds, the public sector and insurance companies.

Banco Alfa de Investimento SA (Investment Management) (Banco Alfa-IM) is the investment management division of Banco Alfa de Investimento SA (BVMF: BRIV3) in Brazil. Founded in 1966, the firm is headquartered in Sao Paulo and manages investment funds for individual and corporate clients.