Microsoft Word - BTG Pactual elects new Executive Chairman and Vice Chairman of the Board and appoints co (v2)

BTG Pactual elects new Executive Chairman and Vice Chairman of the Board and appoints co-CEOs

Sao Paulo, November 29, 2015 - The Board of Directors of BTG Pactual today elected Persio Arida as Executive Chairman and John Huw Jenkins as Vice-Chairman. The Board also appointed Marcelo Kalim and Roberto Sallouti as co-CEOs of the Bank.

Andre Santos Esteves has resigned his positions as Chairman of the Board and as CEO.

Persio Arida has a PhD in Economics from the Massachusetts Institute of Technology (MIT) and has published several papers in specialized journals. He was a Professor at the University of São Paulo and at the Pontifical Catholic University of Rio de Janeiro, and has held research appointments at the Institute for Advanced Studies (Princeton), the Smithsonian Institution (Washington), and the Centre for Brazilian Studies (Oxford). He is currently a member of the Advisory Board of the Blavatnik School of Government (Oxford) and a member of the Corporate Development Committee of MIT. Prior to joining BTG Pactual, Mr. Arida was Governor of the Central Bank of Brazil and President of the National Economic and Social Development Bank (BNDES). In the private sector, he was a member of the Board of Directors of Itaú, Vale, Unibanco and Sul América, among others.

John Huw Jenkins is a partner of BTG Pactual and is based in the Bank´s London office. Prior to joining BTG Pactual he was an executive at UBS Investment Bank from 1996 to 2007, where he held several positions, including Chairman and Chief Executive Officer. Prior to joining UBS, he worked at BZW Investment Management from 1986 to 1996 and at Hill Samuel in 1996. 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.

Marcelo Kalim joined Banco Pactual in 1996 and became a partner in 1998. He was a director at Pactual responsible for investments until 2008 when he left to found BTG. He then became Chief Financial Officer (CFO). Mr. Kalim holds an MBA from the MIT Sloan School and received his bachelor's degree in economics from the University of São Paulo.

Roberto Sallouti joined Banco Pactual in 1994. Four years later he became a partner and until 2003 was responsible for Fixed Income in the domestic market, at which time he also became responsible for international Fixed Income. Following the sale of Banco Pactual to UBS, between 2006 and 2008 he was co-Head of Fixed Income for emerging markets. In 2008, he became a founder of BTG Pactual and became Chief Operating Officer (COO), a post he occupied until September of this year when he became CEO of Asset Management. Mr. Sallouti is a graduate in Economics, having specialized in Finance and Marketing at the University of Pennsylvania, Wharton School.

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