Board of Directors
(term of office until March/2012)

Chairman

Manoel Felix Cintra Neto

• Economist, chairs ANCORD since March /2009.
• Chairman of BM&F (Futures and Commodities Exchange) Board from January/1997 to May/2008
• Current President Director of the Indusval Multistock Banck and Indusval Multistock Brokerage Firm.

1st Vice-President

Ney Castro Alves

• Attorney, chairs Theca Stock Brokerage Firm, the Union and Federation of Stock Dealers.
• Vice-president of CONSIF (National Confederation of the Financial System) Representatives Council and elected member of the CNF (National Confederation of Financial Institutions) Council.

2nd Vice-President

Paulino Botelho de Abreu Sampaio

• Business administrator is director of Coinvalores Brokerage Firm since 1979.
• Chairman of ANCORD from 1999 to 2006 and currently Vice-President.
• Member of BM&F – Futures and Commodities Exchange Board until 2007.

Effective Directors

Abramo Douek
Cotação DTVM S/A

André Luiz de Santos Freitas
Credit Suisse Hedging-Griffo CV S/A

Carlos Arnaldo Borges de Souza
Planner CV S/A

Homero Amaral Junior
Socopa - Soc. Corr. Paulista S/A

Joaquim da Silva Ferreira
Futura Comm. CM Ltda.

Jorge Nuno Odone de Vicente da Silva Salgado
Ativa S/A CTVC

José Ataliba Ferraz Sampaio
Coinvalores CCVM Ltda.

José Roberto Cury
Banco Tricury S.A.

Luiz Fernando Nascimento Vita
Treviso CC Ltda.

Norberto Lanzara Giangrande Júnior
Link S/A CCTVM

Renato Diniz Junqueira
Distribuidora Intercap TVM Ltda

Rubens Vieira Martins Futuro
Agente Autônomo de Investimento

Vitor Rogério de Moura Ferreira
Sagres DTVM Ltda.

Deputy Directors

Consulting Directors

Alfredo Egydio Setúbal
Itaú Unibanco S/AIndusval S/A CTVM

Denise Pauli Pavarina de Moura
Bram Bradesco Asset Manag. S/A DTVM

Érico Sodré Quirino Ferreira
Omni DTVM Ltda.

Fábio Colletti Barbosa
Banco Santander Brasil S/A

João Inácio Puga
Safra DTVM Ltda.

Jorge Felipe Lemann
Flow CCTVM S/A

José Carlos Borja de Farias
Far S/A DTVM

José Olympio da Veiga Pereira
Credit Suisse (Brasil) DTVM S/A

Luiz Fernando Figueiredo
Mauá Sekular Particip. e Investimentos S/A

Superintendent Director

José David Martins Júnior