Management and Board of Directors

Board of Directors

The board of directors of Banco BTG Pactual is responsible for, among other things, electing and removing the executive officers and supervising the other members of Banco BTG Pactual’s management team.

The table below shows the name and position of each member elected to the board of directors of Banco BTG Pactual as well as a summary of members‘ businesses experience and other biographical information:

Name Office Election Date
André Santos Esteves* President April 29, 2022

André Santos Esteves is bachelor’s degree in Mathematics from the Federal University of Rio de Janeiro (UFRJ), with a specialization in Computing. He joined Banco Pactual in 1989 at the age of 21. Working together with his partners and employees over the past three decades, he has played a crucial role in transforming BTG Pactual into a group with global reach, which is still the leading investment bank in Latin America, currently employing more than 5,000 people. Furthermore, Mr. André Esteves was a member of the Board of Directors of B3 – Brazilian Stock Exchange, and FEBRABAN – Brazilian Federation of Banks. He currently performs activities in other areas, such as education and socio-environmental, as a founding partner of Inteli. He was also a member of the Latin American Council of the Harvard Business School and the Board of Directors of Fundação Estudar, an entity aimed at fostering undergraduate and graduate studies for young Brazilians in Brazil and abroad, helping these professionals to enter the job market.

Eduardo Henrique de Mello Motta Loyo Independent Director April 29, 2022

Eduardo Henrique de Mello Motta Loyo is a partner and member of the Board of Directors of BTG Pactual. Prior to joining the company as the chief economist in 2007, he was the International Monetary Fund’s executive officer, in Washington, D.C., elected by Brazil and other 8 countries from the Western Hemisphere. From 2003 to 2005, he was an officer at the Central Bank of Brazil and a member of the Bank’s Monetary Policy Committee (Copom). He was a professor in the Department of Economics of the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) and of the John F. Kennedy School of Government at Harvard University; a visiting professor at Graduate School of Business – Columbia University; and at INSEAD. Additionally, he served as an officer for the Institute for Economic Policy Studies – Casa das Garças in Rio de Janeiro, and for the Center for Public Policy Debate (CDPP), in São Paulo. He has a bachelor’s and a master’s degree in Economics from PUC-Rio and a Ph.D. in Economics from Princeton University.

Guillermo Ortiz Martínez Director April 29, 2022

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 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.

John Huw Gwili Jenkins Vice-Chairman of the Board April 29, 2022

John Huw Gwili 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.

Mark Clifford Maletz Independent Director April 29, 2022

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.

Nelson Azevedo Jobim Chairman of the Board April 29, 2022

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.

Roberto Balls Sallouti Director April 29, 2022

Roberto Sallouti is the Chief Executive Officer and a member of the Board of Directors of Banco BTG Pactual. Mr. Sallouti joined the firm in 1994, and became a partner in 1998. He was named Chief Operating Officer in 2008, having previously been responsible for the firm’s Fixed Income Division. He was named Chief Executive Officer in 2015. Mr. Sallouti holds a bachelor of science degree in economics, with concentrations in finance and marketing, from The Wharton School – University of Pennsylvania.

Sofia De Fátima Esteves Independent Director April 29, 2022

Sofia De Fátima Esteves is qualified to serve in statutory positions and is a member of the Board of the Brazilian Student Association (BRASA), U-TECH, U-TECH, Fundação Colégio Porto Seguro, IBMEC, Instituto SER+, Grupo Savegnago, Agroterenas, Fundação Raízen and Grupo Cia de Talentos. Ms. Sofia De Fátima Esteves is also a member of the Strategic Committee of People at Hospital Albert Einstein and the Federal Government. Ms. Sofia De Fátima Esteves holds a bachelor‘s degree in psychology from Faculdades Metropolitanas Unidas – FMU/SP.

João Marcello Dantas Leite* Executive Director April 29, 2022

João Marcello Dantas Leite is currently a member of the Board of Directors of BTG Pactual and was a Chief Financial Officer (CFO) and Executive Officer for more than 10 years. Mr. Dantas joined Banco BTG Pactual in 1993 as the professional responsible for the tax department, and, in 1997, he took over the finance division. Before joining Banco BTG Pactual, Mr. Dantas worked in the tax advisory department at Arthur Andersen. He was also a member of the Board of Directors of ANBIMA. Mr. Dantas is bachelor’s degree in Economics from the Cândido Mendes University.

*Pending approval by the Central Bank of Brazil

Name Office Election Date
Board of Executive Officers

Under the Bylaws, Banco BTG Pactual’s Board of Executive Officers shall be composed of at least two and at the most 16 members, up to two of them shall be designated Chief Executive Officers, one shall be designated Investor Relations Officer, up to seven members shall be designated as Senior Vice President, while the others shall be designated as Executive Officers. The Board of Executive Officers has broad powers to manage the business, being able to resolve on any matter related to the Company’s purpose, acquire, sell and encumber movable and immovable assets, assume obligations, enter into agreements, and settle and waive rights, except for those acts requiring authorization from the Board of Directors or the General Meeting.

The table below shows the names and positions of the Board of Executive Officers members elected, as well as a summary of each member’s business experience and other biographical information:

Name Office Election Date
Alexandre Camara e Silva Statutory Officer April 29, 2020

Alexandre Camara e Silva is a Statutory Officer of Banco BTG Pactual and responsible for the Special Situations area, whose activities are related to structured corporate credit operations, Non-Performing Loans, rogatory letters and Legal Claims, High Yield Credit and Structured Finance. Mr. Alexandre Camara e Silva joined BTG Pactual in 2003 and also served as Credit Officer of Banco Prosper and responsible for the Middle Corporate Credit area of ​​Banco BBM. Mr. Alexandre Camara e Silva holds a bachelor‘s degree in Electrical Engineering from PUC-Rio and received his MBA in Finance and Economics and Business Law from FGV-RJ.

André Fernandes Lopes Dias Executive Officer April 29, 2020

André Fernandes Lopes Dias is the chief risk officer and an executive officer of Banco BTG Pactual. Mr. Fernandes joined Banco BTG Pactual in 1997 and, in 2004, assumed responsibility for the control of credit risk. In 2006, he became an executive director in charge of credit risk control at UBS AG, a position he held until 2009. Prior to joining Banco BTG Pactual, Mr. Fernandes worked as an auditor at KPMG. Mr. Fernandes received his business administration degree from the Catholic University of Rio de Janeiro.

Antonio Carlos Canto Porto Filho Senior Vice President April 29, 2020

Antonio Carlos Canto Porto Filho is an executive officer of Banco BTG Pactual. Prior to joining BTGI in October 2008, Mr. Filho served as vice chairman of Banco BTG Pactual from 2006 to 2008. Mr. Filho joined Banco BTG Pactual in 1997 as a partner and served as executive director of private banking and a member of its executive committee. Prior to 1997, Mr. Filho worked for 28 years at Banco de Crédito Nacional, where he held various positions including vice president for financial management, leasing, insurance, real estate, legal and marketing from 1988 to 1997, and financial director from 1979 to 1988.

Bruno Duque Horta Nogueira Executive Officer April 29, 2020

Bruno Duque Horta Nogueria is responsible for BTG Pactual’s Legal Department in Latin America. He works at our office in São Paulo. Duque joined BTG Pactual in 2000 and became a partner in 2009. He began his career at Eletropaulo and also served at Grupo Rede and at the Brazilian Electricity Regulatory Agency (ANEEL). Duque also served as a Special Advisor at the Energy Secretariat of the Ministry of Mines and Energy, being responsible for developing the Brazilian Federal Government’s Energy Rationalization Plan in 2001. He is a lawyer specializing in Corporate Law and holds a bachelor’s degree in Law from the Faculty of Law of the University of São Paulo (USP).

Christian Flemming Executive Officer September 10, 2021

Christian Flemming is currently the Statutory Officer responsible for the Operations and Technology area of ​​Banco BTG Pactual S.A. Mr. Christian Flemming joined BTG Pactual in 2007, working in Investment Banking. In 2009 he became a Partner of BTG Pactual, and in 2015 he was appointed as Chief Operating Officer and Chief Financial Officer of BSI Bank and in 2018 as Chief Operating Officer of EFG Bank, both based in Switzerland, where he remained until 2020. Christian Flemming declared, for all legal purposes that, in the last five years, he has not been subject to the effects of any criminal conviction, any conviction or application of penalty in an administrative proceeding before CVM and any unappealable conviction, in the judicial sphere or administrative, which had the effect of suspension or inability to practice any professional or commercial activity.

Guilherme da Costa Paes Executive Officer April 29, 2020

Guilherme da Costa Paes serves as the co-head of the investment banking unit and executive officer of Banco BTG Pactual. Mr. Paes joined Banco BTG Pactual in 1992 and became a Partner in 1998. Mr. Paes headed the oil and infrastructure sectors within the corporate finance division, participating in M&A and capital markets transactions. Mr. Paes received his degree in business administration from Santa Úrsula University in Rio de Janeiro and his MBA from the Brazilian Institute of Capital Markets, or IBMEC, with a concentration in finance.

Iuri Rapoport Executive Officer and CSO April 29, 2020

Iuri Rapoport is statutory Director of BTG Pactual. Mr. Rapoport is based in Sao Paulo. Mr. Rapoport joined Pactual in 1995 and became a partner in 2001. He became Co-Head of the Legal Department in 1999 and General Counsel between 2003 and 2009. He was a Statutory Director responsible for strategic issues from 2008 to 2011 when he left BTG Pactual to assume the position of Chief Operating Officer at Banco Panamericano. In February of 2014 he returned to BTG Pactual as statutory Director to work in the area of operating and strategic issues connected with the Senior Management. Mr. Rapoport holds a Bachelor Degree in Law (with specialization in Business law) from University of São Paulo and also holds a LLM – Master of Laws (International Finance) from King´s College London, University of London. Currently, he is the Chief Sustainability Officer (CSO) and co-head of the ESG & Impact Investing area at BTG Pactual.

Marcelo Flora Sales Executive Officer April 29, 2020

Marcelo Flora Sales is a Statutory Officer of Banco BTG Pactual and responsible for BTG Pactual digital, an online retail platform, and for the life insurance and pension segment, focused on Wealth Management and retail clients. Mr. Marcelo Flora Sales joined BTG Pactual in 2000 and served, in this period, as responsible for the Distribution area of ​​the Asset Management segment and the FICC Products Distribution of ​​Banco BTG Pactual. Mr. Marcelo Flora Sales holds a bachelor‘s degree in Civil Engineering from UERJ – Universidade do Estado do Rio de Janeiro, the State University of Rio de Janeiro.

Mariana Botelho Ramalho Cardoso CCO April 29, 2020

Mariana Cardoso is a statutory Director and Head of the AML – Anti-Money Laundering Department of BTG Pactual. Mrs. Cardoso is based in São Paulo, joined Pactual in 1996 and became a partner in 2006. She has spent sixteen years of her career in the Investment Fund Industry and since 2016, joined the Compliance Department of BTG Pactual. Mrs. Cardoso received her Bachelor’s in Economics degree from the Federal University of Rio de Janeiro.

Renato Monteiro dos Santos Senior Vice President April 29, 2020

Renato Monteiro dos Santos serves as the head of FICC and executive officer of Banco BTG Pactual. Mr. Santos joined Banco BTG Pactual in 1997 and became a partner in 2001. Mr. Santos served as head of the Brazil rates desk and head of FICC Latin America from 2006 to 2008. Mr. Santos began his career at Banco BTG Pactual in 1997 as a trader, serving as head of Latin America fixed income markets from 2004 to 2006. Mr. Santos received a bachelor’s degree in business administration from FGV-SP and a bachelor’s degree in economics from the University of São Paulo.

Roberto Balls Sallouti CEO April 29, 2020

Roberto Sallouti is the Chief Executive Officer and a member of the Board of Directors of Banco BTG Pactual. Mr. Sallouti joined the firm in 1994, and became a partner in 1998. He was named Chief Operating Officer in 2008, having previously been responsible for the firm’s Fixed Income Division. He was named Chief Executive Officer in 2015. Mr. Sallouti holds a bachelor of science degree in economics, with concentrations in finance and marketing, from The Wharton School – University of Pennsylvania.

Rogério Pessoa Cavalcanti de Albuquerque Executive Officer April 29, 2020

Rogério Pessoa Cavalcanti de Albuquerque serves as the co-head of the wealth management unit and executive officer of Banco BTG Pactual. Mr. Pessoa joined Banco BTG Pactual in 1998 and became a partner in 2004. Mr. Pessoa served as head of our wealth management unit from 2004 to 2009. Previously, Mr. Pessoa worked for Delta Bank as vice president of private banking and for Prudential Securities as a broker in the international client accounts division. Mr. Pessoa received his bachelor’s degree in economics from the Catholic University of Rio de Janeiro and his MBA from the University of Illinois.

Oswaldo de Assis Filho Executive Officer April 29, 2020

Oswaldo de Assis Filho is an executive officer of Banco BTG Pactual. Prior to this, Mr. Assis Filho was responsible for the commercial coverage of the insurance, banking and textile sectors of the investment banking business unit of BTG Pactual. Mr. Assis Filho has worked in financial institutions since 1976 and, before joining Banco BTG Pactual, he was vice-president of Banco de Crédito Nacional. He graduated from Instituto Tecnológico da Aeronáutica, where he received a bachelor’s degree in electrical engineering in 1973. He also has a master degree in economics from Universidade de São Paulo. Mr. Assis Filho has been a partner of Banco BTG Pactual since 1997.

Renato Hermann Cohn Investor Relations Director and CFO April 29, 2022

Renato Hermann Cohn Mr. Renato Cohn has nearly thirty (30) years of experience in the financial market. He started his career as the Private Banking Officer of Banco Pactual S.A. in 1999. He graduated in Production Engineering from the Polytechnic School of the University of São Paulo (USP). Mr. Renato Cohn started his professional career at Banco Matrix S.A., having held the position of Head of Fixed Income, among others. Between 1998 and 1999, he served as the trading desk manager at Quantia CCVM. In 1999, Mr. Renato Cohn joined Banco Pactual as the Private Banking Officer, and in 2002, held the position of Head of Wealth Management in São Paulo. In 2008, he served as Head of Product and Services of former Banco UBS Pactual S.A. Between 2009 and 2015, with the acquisition of UBS Pactual by BTG, Mr. Renato Cohn held the position of co-head of Wealth Management at BTG Pactual. In 2015, following the acquisition of Swiss bank BSI, Mr. Renato Cohn was relocated to Switzerland to head the transfer of operations to BSI, serving as Deputy Chief Executive Officer (DCEO) and head of UHNWI Development. Between 2016 and 2021, Mr. Renato Cohn worked as the head of Investment Solutions at EFG International AG. In 2016. Mr. Renato Cohn was the Chief Executive Officer of BSI Bank Ltd (Singapore), during the institution’s integration process with EFG Singapore, as approved by the Monetary Authority of Singapore (MAS), the competent authority. Additionally, Mr. Renato Cohn held the position of Deputy Chief Executive Officer of EFG Bank AG between 2018 and 2021, as approved by the local regulator Swiss Financial Market Supervisory Authority (FINMA).

João Marcello Dantas Leite Executive Director April 29, 2022

João Marcello Dantas Leite is chief financial officer of BTG Pactual. Mr. Dantas joined Banco BTG Pactual in 1993 as head of the tax department, and in 1997 he took over the position of head of finance. Prior to joining Banco BTG Pactual, Mr. Dantas worked in tax consultancy at Arthur Andersen. Mr. Dantas is a former member of the board of directors of ANBIMA. Mr. Dantas received his bachelor’s degree in economics from the University of Cândido Mendes.

Name Office Election Date
Committees

Audit Committee

The Regulation in force – CMN Resolution 4910, of 2021, CVM Resolution 23, of 2021, and CNSP Resolution 321, of 2015 – governs the rendering of independent audit services to institutions that are part of the financial sector, including clearing houses and providers of registration services for marketable securities and other assets..

These Resolutions also establish that the institutions regulated by them must create a statutory body named “audit committee”, to be composed of at least three members.

CMN Resolution 4910, in turn, establishes that the audit committee must be comprised of the institutions that are part of segments S1, S2, and S2, as defined by CMN Resolution 4553, of 2017.

Under CVM Resolution 23, one of the committee members must also be part of the institution’s board of directors, provided that he/she does not participate in the executive board of the institution or companies that are part of the conglomerate.

CMN Resolution 4910 allows the creation of a single committee, by the lead company, for the entire prudential conglomerate. BTG Pactual makes use of this prerogative and has a single audit committee for all the companies that are part of the BTG prudential conglomerate, except for Banco Pan S.A., which has its own audit committee.

The table below shows the names and functions of the members of Banco BTG Pactual’s Audit Committee, as well as a brief description of their professional and educational background:

Name Office Election Date
Pedro Paulo Longuini Sitting Member April 29, 2020

Pedro Paulo Longuini has around 30 years’ experience in the financial market. He began his career at Schulumberger, one of the world’s largest oil service providers, as a field engineer. He then moved to Citibank Brasil, where he started out as Capital Markets Product Manager in 1985 and, between 1992 and 1995, was Financial Officer of Pension Funds at Citibank. Pedro also held several positions at ABN AMRO Real, including (in chronological order): Vice-Officer of Financial Controls; Executive Officer of Operations and Financial Control; Financial Officer of Pension Funds at Banco Real; Executive Officer of Financial Control and Administration; Executive-Vice President of Finance and member of the executive committee; and Chief Financial Officer from 2006 to 2008. After Banco Santander incorporated Banco Real, he became Vice-Executive President of Corporate Affairs at Banco Santander Brasil. He stayed on Santander Brasil, where he was Executive Vice-President of Resources and, later on, Executive Vice-President of Quality and Efficiency. From 2013 to 2015, Pedro was Global Officer of Productivity and Efficiency, working out of Santander’s Madrid office. He graduated in Aeronautical Mechanical Engineering from Instituto Tecnológico Aeronáutica (ITA), and has an MBA, specializing in Finance, from the Brazilian Capital Market Institute (IBMEC).

Sidnei Corrêa Marques Qualified Member/ Coordinator April 29, 2020

Sidnei Corrêa Marques has a bachelor’s degree in Accounting from Centro Universidade do Distrito Federal and graduate degrees in: (i) Management from the University of Brasília; (ii) Audit from the University of São Paulo; and (iii) Tax Accounting from the University of Brasília. He joined the Central Bank of Brazil in 1977, holding the positions of: (i) Officer of Financial System Organization and Resolution (2011-2019) (ii) Head of the Financial System Monitoring Department (2009-2011); (iii) Advisor to the Oversight Office (2006-2009): (iv) Head of the Oversight Department of Cooperatives and Non- Banking Institutions (2005-2006); and (v) Head of the Department of International Capitals (2004-2005). In the exercise of his duties at the Central Bank of Brazil, he represented it in: (i) the Resolution Steering Group, a group of the Financial Stability Board in charge of studying and proposing recommendations on banking resolution to the G-20 member countries; (ii) the Basel Committee, a forum operating at the Bank for International Settlements (BIS), with the mission to issuing recommendations on banking supervision; (iii) the International Monetary Fund’s working group responsible for preparing and issuing recommendations on credit bureaus; and (iv) the Association of Supervisors of Banks of the Americas (ASBA). He has also a member of the Fiscal Council of the Private Pension Central Bank Foundation (Centrus).

Eduardo Henrique de Mello Motta Loyo Sitting Member April 29, 2020

Eduardo Henrique de Mello Motta Loyo is a partner and member of the Board of Directors of BTG Pactual. Prior to joining the company as the chief economist in 2007, he was the International Monetary Fund’s executive officer, in Washington, D.C., elected by Brazil and other 8 countries from the Western Hemisphere. From 2003 to 2005, he was an officer at the Central Bank of Brazil and a member of the Bank’s Monetary Policy Committee (Copom). He was a professor in the Department of Economics of the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) and of the John F. Kennedy School of Government at Harvard University; a visiting professor at Graduate School of Business – Columbia University; and at INSEAD. Additionally, he served as an officer for the Institute for Economic Policy Studies – Casa das Garças in Rio de Janeiro, and for the Center for Public Policy Debate (CDPP), in São Paulo. He has a bachelor’s and a master’s degree in Economics from PUC-Rio and a Ph.D. in Economics from Princeton University.

Risk and Capital Committee

CMN Resolution 4557, of 2017, establishes that the financial institutions and other institutions authorized to operate by the Central Bank of Brazil (Bacen) must have specialized risk and capital management structures, including a “risk committee”, which must be comprised of at least three members who comply with its requirements. This Resolution allows the creation of a single risk committee for the entire prudential conglomerate.

Under this Resolution, Banco BTG Pactual has a single risk and capital committee that operates in agreement with all BTG Prudential Conglomerate companies.

The functions of the Risk and Capital Committee include supervising the operation of BTG Pactual’s risk and capital management structures, as well as maintaining the executive board and board of directors informed about the operation of these structures and the progression of risks and capital of BTG Conglomerate’s companies.

Below are the names, positions, and election dates of the members of BTG Pactual’s Risk and Capital Committee, and a brief description of their professional and educational background:

Name Office Election Date
João Marcello Dantas Leite Sitting Member 08/09/2022

Mr. João Marcello Dantas Leite is an Executive Officer at BTG Pactual. He joined Banco BTG Pactual in 1993 as the responsible for the Tax Department, and in 1997, he took over the accounting area of BTG Pactual. Before joining Banco BTG Pactual, Mr. João Dantas worked in the Tax Advisory Department of Arthur Andersen. He was also a member of ANBIMA’s Board of Directors. Further, Mr. João Dantas has a bachelor’s degree in Economics from Universidade Candido Mendes-RJ.

Tatiana Leite Terra Prates Sitting Member 08/09/2022

Ms. Tatiana Leite Terra Prates is currently Chief Technology and Operating Officer (CTO and COO) of Too Seguros, a co-controlled company of BTG Pactual. Ms. Tatiana Prates started her career in the Financial Modeling area of the BTG Pactual Group in 2001, then she worked on the proprietary technology desk, being in charge of BTG Pactual’s offices in North America. In 2006, she became responsible for covering the technology sectors of emerging global markets and, in 2009, she was responsible for managing the emerging markets portfolio. In 2013, she became COO for BTG Pactual’s Private Equity area. And in 2015, she was indicated as Executive Superintendent at Pan Seguros. Ms. Tatiana Prates has a bachelor’s degree in Computer Engineering from the Pontifical Catholic University of Rio de Janeiro.

Anibal Cardoso Joaquim Sitting Member 08/09/2022

Mr. Anibal Cardoso Joaquim is currently a member of BTG Pactual’s Risk Committee. He served as a sitting member of BTG Pactual’s Audit Committee until June 2021. Before joining BTG Pactual, Mr. Anibal Cardoso was responsible for Citibank Group’s controllership and tax areas between 1983 and 1995. Then, he became the person in charge of the controllership area of the Credit Suisse – Brazil conglomerate. From 2013 to 2019, he was the Chief Operating and Financial Officer (COO and CFO) of said conglomerate. Mr. Anibal Cardoso has a bachelor’s degree in Business Administration from the University of São Paulo (USP) and in Accounting from Faculdade Paulo Eiró in São Paulo.

Compensation Committee

CMN Resolution 3,921, of November 25, 2010 (“Resolution”), provides that financial institutions and other institutions authorized to operate by the Central Bank of Brazil operating as a publicly-held company, or who are required to constitute an audit committee, under the terms of the regulations in force, must form, by the date of the first annual shareholders’ meeting or a shareholder meeting that takes place after January 1, 2012, an organizational component called a Compensation Committee.

Under this Resolution, Banco BTG Pactual has a single compensation committee that operates in agreement with all BTG Prudential Conglomerate companies.

The Compensation Committee’s main duty is to propose to the Board of Directors of BTG Pactual the polices and guidelines for the compensation of the members of BTG Pactual’s management and Executive Board, based on the performance targets established by the Board of Directors and its Partnership business model, in addition to the provisions of the Resolution.

Below are the names, positions, and election dates of the members of BTG Pactual’s Compensation Committee, and a brief description of their professional and educational background:

Name Office Election Date
Renato Monteiro dos Santos Effective Member 04/30/2021

Renato Monteiro dos Santos. In the last 5 years, Mr. Renato Santos was responsible for the Treasury department of Banco BTG Pactual for Latin America, as well as for the Fixed Income, Foreign Exchange and Commodities areas, whose activities involve trading instruments in the financial market in general, including local and international markets. Mr. Renato Monteiro dos Santos began his career at Banco BTG Pactual, in 1997, as a trader and was Head of Fixed Income Markets for Latin America, from 2004 to 2006. Mr. Renato Monteiro dos Santos holds a bachelor’s degree in Business Administration from the Getúlio Vargas Foundation (FGV-SP) and in Economics from the University of São Paulo (USP).

Roberto Balls Sallouti Effective Member 04/30/2021

Roberto Balls Sallouti. Mr. Roberto Sallouti is CEO and member of the Board of Directors of Banco BTG Pactual. He joined the Bank in 1994 and became a partner in 1998. He was appointed Chief Operating Officer in 2008, having previously been responsible for the local and international fixed income areas. He was nominated as the Bank’s CEO in 2015 Mr. Sallouti holds a bachlor’s degree in Economics, with a specialization degree in finance and marketing from the Wharton School – University of Pennsylvania.

Mateus Ivar Carneiro Effective Member 04/30/2021

Mateus Ivar Carneiro. Mr. Mateus Carneiro is currently head of Human Resources at Banco BTG Pactual. He joined the Bank in 1997 as a Business Unit Controller. From 2008 to 2012, he was manager of the Fixed Income, Currency and Commodities division at Banco BTG, being responsible for the integration of new acquisitions and the development of new businesses for the BTG Pactual Group. Mr. Mateus Carneiro holds a bachelor’s degree in Production Engineering from the Federal University of Rio de Janeiro.