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Board
of Directors

Arida, Persio

Persio Arida is a member of the board of directors of Banco BTG Pactual and BTG Pactual Participations. Prior to joining BTG Pactual in 2008, Mr. Arida served in the Brazilian government and worked in the private sector and in academia.

While working for the Brazilian government, Mr. Arida served as president of the Central Bank in 1995 and president of the BNDES, the Brazilian development bank, from 1993 to 1994. Mr. Arida was also secretary of the ministry of planning in 1985 and deputy president of the Central Bank in 1986. In the private sector, Mr. Arida worked as a consultant to financial institutions from 1979 to 1984. From 1987 to 1993, Mr. Arida served as director of Brasil Warrant and as a board member of the Unibanco Group.

Mr. Arida was a director of Opportunity Asset Management from 1996 to early 1999, and a board member of Itaú Bank from 2001 to early 2009. In academia, Mr. Arida was a professor of economics at the Catholic University of Rio de Janeiro and at the University of São Paulo. In addition, Mr. Arida was a researcher at the Institute for Advanced Study at Princeton University, a fellow at the Woodrow Wilson Center in Washington, D.C. and a senior research fellow at the Oxford Centre for Brazilian Studies at Oxford University. Mr. Arida has received numerous awards and has published several papers and edited books. Mr. Arida received his PhD in economics from the Massachusetts Institute of Technology and his bachelor’s degree in economics from the University of São Paulo.

Galeazzi, Claudio

Galeazzi, Claudio is a Board member. Mr. Galeazzi is based in São Paulo. Mr. Galeazzi joined BTG Pactual in August 2010 as a partner. He developed a solid career in consulting, restructuring, turnaround, interim management and managing well known companies in the real economy.

He held senior position in several companies such as Commercial VP of British Petroleum mining company in Brazil, CEO of following companies: Cia Estanifera do Brasil (CESBRA), Vila Romana and VR, Laticineos MOCOCA, ARTEX, LOJAS AMERICANAS, SENDAS, CBD (Grupo Pão de Açucar) and CEO of CECRISA.

Mr. Galeazzi is a Certified Public Accountant. He served as President of the Conselho Nacional do SESI during 5 years in Brasilia, Director of Instituto Euvaldo Lodi, Director of FIESP (Federação das Industrias de SP), Vice President of ANFAC (Associação Nacional de Factoring), is currently a director of MAM (Museu de Arte Moderna de SP). Served as Board Member and consultant of several companies and is the founder of Galeazzi Associados.

Jenkins, Huw

Huw Jenkins is a member of the board of directors of Banco BTG Pactual and BTG Pactual Participations. Prior to joining BTG Pactual in 2008, Mr. Jenkins worked at UBS AG from 1996 to 2008, where he held several positions, including chief executive officer, global head of equities, head of equities for the Americas and head of Asia-Pacific equities.

Prior to joining UBS AG, Mr. Jenkins worked at BZW Investment Management from 1986 to 1996 and Hill Samuel in 1986. Mr. Jenkins has spent most of his career based in Asia and the United States.

Mr. Jenkins received his bachelor’s degree with honors in sociology and psychology from the University of Liverpool, his MBA from the London Business School and has recently participated in the Executives in Residence program at the London Business School.

Jobim, Nelson Azevedo

Mr. Nelson Azevedo Jobim received his bachelor in law and social sciences from the Universidade Federal do Rio Grande do Sul in 1968.

Mr. Jobim served as member and President of the Federal Supreme Court from 1997 to 2006, Minister of Justice, Minister of Defense, President of the National Council of Justice and President of the Electoral Superior Court.

Mr. Jobim acted as lawyer from 1969 to 1994; from 2006 to 2007; and from 2011 until 2016.

Kalim, Marcelo

Marcelo Kalim is the chairman of the board of directors of Banco BTG Pactual and BTG Pactual Participations. In addition, Mr. Kalim is Senior Vice President of Banco BTG Pactual and BTG Pactual Participations.

Mr. Kalim joined Banco BTG Pactual in 1996 (and became a partner in 1998). Mr. Kalim served as chief investment officer of Banco BTG Pactual from 2006 to 2008, where he was responsible for investment decisions in the funds managed by Banco BTG Pactual.

Mr. Kalim began his career at Banco BTG Pactual as a fixed-income trader and served as head fund manager and co-head of BTG Pactual Asset Management. Mr. Kalim received his bachelor’s degree in economics from the University of São Paulo and his MBA from the Massachusetts Institute of Technology Sloan School of Management.

Maletz, Mark Clifford

Mark C. Maletz is a member of our board of directors. Mr. Maletz is a senior fellow at the Harvard Business School and an internationally recognized expert in the areas of strategy, leadership development and organizational transformation.

Prior to his time at Harvard Business School, he was a partner at McKinsey and Company where he worked in the organization practice. Mr. Maletz was also previously a professor at Babson College. Mr. Maletz is a founder of the Center for Research on Corporate Performance, the chairman emeritus of the EastWest Institute and a member of the board of Global Capacity.

Mr. Maletz received his bachelor of arts degree from Dartmouth College and received a Master Degree in Cognitive Science, a Master in Computer, Information and Control Engineering and a PhD in Computer and Communication Sciences from the Industrial Technology Institute of the University of Michigan.

Sallouti, Roberto

Roberto Sallouti is the chief executive officer of Banco BTG Pactual and BTG Pactual Participations. In addition, Mr. Sallouti is a member of the board of directors of Banco BTG Pactual and BTG Pactual Participations.

Mr. Sallouti joined Banco BTG Pactual in 1994 and became a partner in 1998. He also served as a managing director of Banco BTG Pactual from 2006 to 2008 and was the joint head of the emerging markets fixed income group and joint head of the Latin America FICC group at UBS AG. During his career at Banco BTG Pactual, Mr. Sallouti served as head of the international and emerging markets fixed income division from 2003 to 2006, and as joint head of Brazil local fixed income markets from 1999 to 2003.

Mr. Sallouti received his bachelor’s degree in economics, with concentrations in finance and marketing, from The Wharton School at the University of Pennsylvania.

Martinez, Guilermo Ortiz*

Guillermo Ortiz Martínez holds a bachelor’s degree in Economics from Universidad Nacional Autónoma de México and a Master’s degree and a PhD in Economics from the Stanford University.

He is currently Chairman of the Board of Directors of BTG Pactual Casa de Bolsa México, and a Board member of Weatherford International (a large oil and equipment company based in Geneva) and several Mexican companies (including Mexichem, ASUR, the Chedraui Commercial Group and VITRO).

He has held important positions as Executive Officer in the International Monetary Fund (IMF) between 1984 and 1988, and as President of the Bank of Mexico between 1998 and 2009.

Non-Brazilian Investor

Please, read the following comments about information published in the website.

This document is published exclusively for the purpose of providing information and conferring transparency to the management carried out by BTG Pactual, and it is not the Offering Memorandum of the Funds and is not to be considered as an offer for the sale of shares of the Funds or of any other security.

Some of the Funds are not listed on the Cayman Islands Stock Exchange and are accordingly prohibited from making an offering to the public in the Cayman Islands.

In some cases, no registration statement has been filed with the United States Securities and Exchange Commission or any State Securities Authority with respect to the offering of the Funds shares.

Not all the Funds presented here have their shares registered under the United States Securities Act of 1933, as amended.

This document is not destined to investors with residence in Brazil.

The Funds may not be offered, sold, redeemed or transferred in Brazil.

The offer and sale of the Funds shares in certain jurisdictions may be restricted by law.

Before subscribing for the shares, each prospective investor should (i) carefully read and retain the Offering Memorandum of the Funds and the relevant Supplement or Annex in respect of the portfolio and/or class of shares; (ii) consult with his/her/its own counsel and advisors as to all legal, tax, regulatory, financial and related matters concerning an investment in the Funds.

Past performance does not guarantee future results.

BTG Pactual takes no responsibility for the accidental publication of incorrect information, nor for investment decisions taken based on this material.

Access to this document or use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law, rule or regulation.