AUA: Assets Under Administration, or AUA, represents all the financial properties and assets to which Banco BTG Pactual provides administration services, including proprietary, third parties and wealth management funds and/or collective investment vehicles. These assets are not necessarily managed by Banco BTG Pactual’s Asset Management unit.
AUM: Assets Under Management, or AUM, consists of clients’ assets (including its private wealth clients) that Banco BTG Pactual manages across a variety of asset classes, including fixed income, checking account, multi-market funds and private equity funds.
B3: B3 S.A. – Brasil, Bolsa e Balcão.
Banco BTG Pactual: Refers to Banco BTG Pactual S.A.
CAGR: compound annual growth rate.
CVM: The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários).
IFRS: International Financial Reporting Standards.
Participating Partners: Partners who purchased Banco BTG Pactual common shares, Banco BTG Pactual Class A preferred shares at the same time, on the same terms and as part of the same transaction, which collectively represents 2.6% of Banco BTG Pactual’s total share capital.
Partners: Individuals who, collectively (together with their family members, trusts or other entities established for their benefit or the benefit of their family members), directly or indirectly currently hold Banco BTG Pactual common shares, Banco BTG Pactual Class A preferred shares (in the case of Participating Partners), Banco BTG Pactual Class B preferred shares, which jointly represent approximately 74.3% of Banco BTG Pactual’s share capital, together with individuals who, in the future, directly or indirectly, hold equity interests in Banco BTG Pactual and who are employees (or act in a similar capacity) of one or more entities within Banco BTG Pactual.
Regulation S: Regulation S under the U.S. Securities Act.
ROAE: Return on average equity.
ROE: Return on equity.
Rule 144A: Rule 144A under the U.S. Securities Act.
SEC: Securities and Exchange Commission.
Securities Act: Securities Act of 1933, as amended.
Senior Partners: Marcelo Kalim, Roberto Balls Sallouti, Huw Jenkins, Antonio Carlos Canto Porto Filho, Rogério Pessoa Cavalcanti de Albuquerque, John Fath, Steve Jacobs, Eduardo Henrique de Mello Motta Loyo, Guilherme da Costa Paes, Renato Monteiro dos Santos, André Fernandes, Roberto Isolani, João Marcello Dantas Leite and José Octavio Mendes Vita, when jointly and indistinctively referred to.
US GAAP: Accounting practices usually accepted in the United States.