Fernando Mayorga

Votorantim CTVM Ltda. is the brokerage subsidiary of Banco Votorantim SA, which is ultimately held by the Government of Brazil. The firm is headquartered in São Paulo and was founded in 1995. Votorantim provides brokerage services to their clients.

Part of The Hearst Family Trust, Fitch Ratings Brasil Ltda. The company is based in São Paulo, Brazil. is a leading provider of credit ratings, commentary and research. Fitch Ratings was founded in 1997. Rafael Guedes has been the CEO of the Brazilian company since 1999.

Fitch Ratings Ltd. (FRL) is an investment research firm headquartered in London, UK. The firm was founded in 1977 and is a subsidiary of Fitch Ratings, Inc., ultimately held by The Hearst Family Trust in the US. FRL provides research and specialized ratings of services to residential and commercial mortgages, asset managers and managed funds. They also publish quantitatively based ratings such as Q-IFS ratings.

CaixaBank SA (Economic Research) is the investment research division of CaixaBank SA (BME: CABK) in Spain. Headquartered in Barcelona, the firm analyses the regulatory and competitive environment in which CaixaBank carries out its banking business, as well as the economic outlook and the evolution of international financial markets. They provide macroeconomic and financial forecasts, study the underlying factors which are transforming society, and offer a sector-specific approach to the Spanish economy to retail clients.