B3

Investor Relations

Management Board

Board of Directors

Defines B3’s strategy and annual budget. As well as deciding when to call Shareholders’ Meetings and proposing how to distribute earnings, it is responsible for electing and overseeing the executive officers and choosing the independent auditors. The board meets monthly, and its members are elected at a Shareholders’ Meeting. Their terms of office is two years, with reelection permitted. They cannot be elected or appointed to the Company’s Executive Board.

Name Position
Antonio Carlos Quintella Chairman (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

Mr. Quintella is the founding partner of Canvas Capital. He was Chairman of Credit Suisse Hedging-Griffo, headquartered in São Paulo (2012-14), and CEO of Credit Suisse Americas and member of the Executive Board of the Credit Suisse Group (2010-12) and CEO Credit Suisse Brazil (2003-10). He joined Credit Suisse in 1997, as Senior Relationship Banker of the Investment Banking division and was appointed CEO of the operations of Credit Suisse Brazil in 2003. As CEO of Credit Suisse Brazil he oversaw the expansion of the bank’s presence in that market, including the acquisition of Hedging-Griffo, in 2007. He is Chairman of the Board of B3 S.A. (previously know as BMF Bovespa) and member of the Board of Directors of Fundação OSESP. Mr. Quintella also sits on the Deliberative Council of the Credit Suisse Hedging Griffo Institute, the Global Advisory Board of the London Business School. He holds a degree in Economics from the Pontifical Catholic University of Rio de Janeiro and an MBA from the London Business School (University of London.

Ana Carla Abrão Costa  Vice-Chairman (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

She is a Partner and Market Leader to Latin America for Oliver Wyman Consultoria Estratégica since May 2017. She was the Secretary for the State Treasury of Goiás (2015-2017), Officer of Modeling and Research of Banco Itaú Unibanco (2011-2014), acting in other positions since 2008 in such bank. She has acted as the Chief Economist and Technical Coordinator at Tendências Consultoria Integrada (2006-2008) and as Analyst of the Departamento de Estudos e Pesquisas do Banco Central do Brasil (2003-2006) She has graduated in Economics from the University of Brasília. She has a post-graduate in Advanced Economic Theory and a Master in Economy from FGV of Rio de Janeiro and a PhD in Economy from the University of São Paulo.

Cassiano Ricardo Scarpelli Member (Independent Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

Vice Chief Executive Officer of Banco Bradesco S.A. Before that, he was the Managing Executive Officer (2017-2018) and the Assistant Executive Officer (2015-2016). He was also the Departmental Officer of Banco Bradesco (2007-2015), responsible for the Treasury from 2009 to 2015.

Claudia Farkouh Prado  Member (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

She is a Senior Member of the Board of Directors of Baker McKenzie Global Law Firm. She was a member of the Board of Directors of Baker McKenzie Global Law Firm (2013-2017), Chairman of the Global Financial Committee of Baker McKenzie Global Law Firm (2013-2017), Latin America CEO of Baker McKenzie Global Law Firm (2013-2017), Member of the Consulting Council for TrustWomen (Thompson Reuters Fundation, 2014-2017). She was a Management Partner of Trench Rossi Watanabe (cooperation with Baker Mckenzie, 2010-2013). She was also the Latin America Coordinator of two practical groups of M&A and Private Equity (2004-2011) and specialized Lawyer in Mergers and Acquisitions in Brazil and in the United States of America (1986-2011). She has graduated in Law from the University of São Paulo. Masters in Comparative Law (Southern Methodist University – Dallas), Executive Management Program (Kellog School of Management – Northwestern University – Chicago), Executive Leadership Program (The Center for Creative Leadership – Colorado Springs), International Directors Program (INSEAD – The Business School of the World).

Edgar da Silva Ramos Member (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

He started his career in 1971 as a fixed income trader in M. Marcello Leite Barbosa CCVM. He was managing partner of Stock DTVM, Patente Corretora and Lecca DTVM (1981 to 1986). His participation in Stock Market includes: CEO of Cetip - Câmara de Custódia e Liquidação (2000-2009), at the same time serving as Interim Managing Director (2008-2009); Officer and CEO of ANDIMA – National Association of Financial Market Institutions (1994-2009); member of the Board of the Rio de Janeiro Stock Exchange (BVRJ) (2002-2011); member of the Board of the National Confederation of Financial Institutions (CNF) (2000-2005); member of the Board of the Comities’ and Futures Exchange BM&F (1995-2002); and member of the Board of the Santos Stock Exchange (1998-2000). He is a shareholder of XP Investimentos since 2015. On May 8, 2009, he was elected Chairman of the Board of Directors of Cetip S.A. – Mercados Organizados and on April 17, 2012, April 28, 2017 and April 19, 2016, he was reelected as Chairman and Board Member of this company. He graduated in Economics from UFRJ. Post-graduate in capital market from FGV of Rio de Janeiro.

Eduardo Mazzilli de Vassimon Member (Independent)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

He was the Managing Officer of Itaú Unibanco Holding S.A (2016-2018). Vice Chief Executive Officer of Itaú Unibanco S.A. (2013-2018). He was also the Vice Chief Executive Officer (2015-2016) and the Executive Officer (2013-2015) of Itaú Unibanco Holding S.A. He was the Vice Chief Executive Officer of Banco Itaú BBA S.A. (2003-2008), responsible for the international, financial institutions, products, customer desk and treasury areas; Officer of the International Area of Banco BBA-Creditanstalt S.A. (1992-2003); Vice Foreign Exchange Director for Banco BBA-Creditanstalt S.A. (1990-1991); and General Manager of Foreign Exchange of Itaú Unibanco S.A. (1980-1990). He graduated in Economics from the University of São Paulo and in Business Administration from Fundação Getúlio Vargas. Post-graduate from FGV and École dês Hautes Études Commerciales.

Florian Bartunek Member (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

Founder-partner and CIO (Chief Investment Officer) of Constellation. Before founding Constellation, he worked at Banco Nacional (1989) and at Banco Pactual (1990-1998), where besides partner he was the head of research, proprietary trader, head of Asset Management and manager of all of the Bank’s funds and equity portfolios. He was a professor in the Values Investing Course at IBMEC-SP (nowadays Insper), chairman of Capítulo São Paulo of YPO (Young Presidents Organization) and international CEO of ANBID. He graduated in business administration from PUC Rio (1990), Harvard Business School-YPO program (2010-2016) and completed the following courses: Value Investing (Columbia University), Executive Program (Singularity University) and Behavioral Finance Program (Harvard Kennedy School).

Guilherme Affonso Ferreira Member (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

Member of the Board of Directors of SulAmérica (since 2010), Arezzo (since 2011), Time for Fun (since 2013) and Bahema (since 2017), all companies listed at B3. He is also a member of the Board of the following charitable entities: Instituto de Cidadania Empresarial and Esporte Solidário. In the las years, he was a member of the Board of Directors of Petrobras, Grupo Pão de Açúcar, Unibanco, B2W, Gafisa, Valid, among others. He graduated in Production Engineering from University of São Paulo, and also attended Economics and Politics programs at Macalester College, in the USA, in addition to a continuing education program at James Cook University, in Australia. 

José de Menezes Berenguer Neto Member (Independent)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

He holds a Bachelor’s Degree in Law in 1989 from Pontifícia Universidade Católica de São Paulo. He is the CEO of JP Morgan in Brazil since 2013. CEO of A.B.B.I. – Brazilian Association of International Banks, and Member of the Board of Directors and the Executive Board of Febraban – Brazilian Banks Federation. He was the CEO of Gávea Crédito Estruturado (project finance). From 2007 to 2012, he worked at Banco Santander S.A. as head of the Retail, Private Banking, Asset Management and Global Markets and Products areas, as an effective member of the Executive Committee and, until September 2012, a director of Banco Santander in Brazil. Prior to his positions at Santander, between 2002 and 2007, he was the Vice Chief Executive Officer in the Corporate area at Banco ABN / Real, with direct responsibility for the Global Markets, Private Banking, Products, Finance and areas and the ALCO (Asset and Liability Committee). From 1999 to 2002, he served as an Executive Officer of Banco BBA S.A., responsible for Balance Sheet Proprietary Trading. Together with the GP Group he founded Utor Investimentos-NY/São Paulo. Between 1997 and 1998, he served as Co-Head of Emerging Markets and High Yield Fixed Income at ING Bank – New York, as a member of the Corporate and Investment Executive Committee, as well as a member of the Regional Management Committee of the Americas. Between 1994 and 1997, he was the officer responsible for the following segments: Head of Fixed Income, Equities Trading,Sales and Research at ING Barings Brazil. He was a member of the Board of Directors of Gávea Investimentos S.A., FEBRABAN, ANBIMA, Fundação Brasileira de Proteção da Juventude e Infância and the Emerging Markets Traders Association.

José Lucas Ferreira de Melo Member (Independent and Unbound Director)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

He has been a partner of Lucas Melo e Associados Ltda. since December 12, 2008. He is the Vice Chief Executive Officer of Fundação Bienal de São Paulo since January 2019. He was a member of the Board of Directors (2010-2016) and Coordinator of the Audit Committee of Dufry AG (2013-2016) and member of the Board of Directors of Restoque Comércio e Confecções de Roupas S.A. (2013-2016). Member of the Audit Committee (finance specialist) of Bradesco S.A.(2009-2014), Member of the Audit Committee (2013-2015) and the Board of Directors (2014-2017) of Cetip S.A. - Mercados Organizados and Member of the Board of Directors of International Meal Company Alimentação S.A. (2011-2017). He holds a Bachelor’s Degree in Accounting Sciences from Associação de Ensino Unificado do Distrito Federal (AEUDF).

José Roberto de Machado Filho Member (Independent)

Election date: 04.2019 / Term of office: until 2021 Annual Meeting

He was an engineer at Keumkang Limited (1990-1991), FX manager (1992-1995), emerging markets operations desk manager (1992-1996) at Banco CCF Brasil S.A. He was also executive officer of Banco Rabobank International Brasil S.A. (1998-2003) and executive officer of Banco Real from 2003 to 2009 (financial sector). Currently he is responsible for the Individuals Business area of Banco Santander. He is also an executive officer at Banco Bandepe S.A. (a company of Banco Santander economic group) and member of the Board of Directors of Zurich Santander Brasil Seguros e Previdência S.A., of Zurich Santander Brasil Seguros S.A., and of Super Pagamentos e Administração de Meios Eletrônicos (a company of Banco Santander economic group). He graduated in Electrical Engineering from Faculdade de Engenharia Industrial (FEI) of São Paulo and a Master’s degree in Business Administration, Economics and Finance from the University of São Paulo.

Fiscal Council
Name Position
Ângela Aparecida Seixas Sitting Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

She has a strong background in the Management-Financial, Governance and Investors Relations areas, in Brazilian or abroad companies, especially in structure and proceedings restructures, as well as in audit management. She was the Controller and Management-Financial Manager in companies of the agrobusiness, food, painting, financial institutions, communication and energy sectors. She has a lot of experience in Accounting, Planning, Budget, IT, Treasury, Tax, Internal Controls and Legal. She was responsible for the review of proceedings of the financial and other areas of Duke Energy, incorporating several areas and resulting in the increase of 2 notches on its rating. She has also acted on the investment management of shareholders in the communication area in Brazil and after in Israel, companies with a net income of roughly US$1.5 billion each. Participated in a work force group of 16 officers of the company that, together with Mackinsey, drafted a Restructure Business Plan for Bunge in Brazil. As audit manager of business adminsitration, led a group of senior auditors responsible for the evaluation of the acts and proceedings of the manufacturing, management and commercial areas in several business – food, textile, painting and fertilizers. She has knowledge on SOX and FCPA. She was a member of the Board of Directors of BCP and BSE and the Fiscal Council of Telemig Celular S/A. She is a former chairman of the Board of Directors of Duke Energy International Geração Paranapanema. Member of the Consulting Board of the Instituto Techmail, Independent Member of the Board of Directors and Manager of the Audit Committee of PRODESP and Independent Member of the Statutory Audit Committee of IPT.

Guy Andrade Sitting Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

He has 40 years of experience in audit, accounting, internal control and risks. He is president of Magalhães Andrade S/S Auditores Independentes and a member of the Boards of Directors of Companhia Müller de Bebidas and Emae – Empresa Metropolitana de Águas e Energia. He is also member of the Audit Committee of the Câmara Interbancária de Pagamentos – CIP, of Banco Pine S.A. and of BK Brasil Operação e Assessoria a Restaurantes S.A. He also is a member of the Nominating Committee of International Federation of Accountants - IFAC. He is an accountant graduated from Faculdade de Economia e Adminsitração da Univesidade de São Paulo (FEA USP) with a degree in Business Administration at Universidade Mackenzie.

Tereza Cristina Grossi Togni Sitting Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

Central Bank of Brazil - Inspection Director – 2000/2003. Itaú Unibanco Holding S.A. – Member of the Board of Directors – 2004/2008. Finance specialist on the Audit Committee – 2004/2010. B3 S.A. – Member of the Audit Committee from 2009 to April 2019. Itaúsa - Investimentos Itaú S.A. – Chairman of the Fiscal Council since April 2011. Duratex S.A. – Chairman of the Audit and Risk Management Committee since April 2013 and Specialist since June 2012. CVC Corp - Member of the Audit Committee and Related Parties since March/2017. Terra Santa Agro – Chairman of the Fiscal Council since May/18. Ms. Grossi holds a bachelor’s degree in Business Management and Accounting Sciences.

Gilberto Lourenço da Aparecida  Alternate Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

He is a sitting member of the Audit Committee of Banco Votorantim and of Seguradora Líder-DPVAT. He was also a sitting member of the Audit Committee of Brasilcap. Executive Officer of the following areas: financial (Receiving, Payments, Investments and Treasury), management (Supply, Internal Services, Land Administration) and Marketing (Marketing, Clients and Sustainability) on from February 2014 to January 2017. He was also the Commercial Officer of Brasilcap (March 2012 – February 2014) and the Investors Relations Officer of Banco do Brasil, acting on behalf of the company with investors, analysts, portfolio managers, rating agencies, regulators (July 2010 – March 2012). He has also experience as a Sitting Member of the Fiscal Council of WEG S.A. (May 2013 – April 2016) and as an Alternate of the Fiscal Council of Coelba (April 2002 – April 2013). He graduated in Accounting, with an MBA in Accounting and post-graduate in Audit and Management.

Paulo Roberto Simões da Cunha Alternate Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

He was the chairman of the Fiscal Council of Mahle Metal Leve S.A. He entered the Banco Central do Brasil in 1976 on the Inspection Division and, in 1988, he was the chief of the division, being responsible for the inspection of the Financial Institutions in São Paulo until 1998. He is a member of the Audit Committee of Banco Bradesco S.A. since February 2014 and from April 2004 to June 2009. He is a member of the Audit Committee of B3 S.A. – Brasil, Bolsa, Balcão. He is a former chairman of the Audit Committee and Financial Specialist of Banco Santander (Brasil) S.A. Member of the Corporate Governance of Financial Institutions Committee of IBGC. He was a Partner of KPMG Auditores Independentes from1998 to 2004 of the Financial Services area. Mr. Cunha holds a graduate degree in Accounting and Business Administration and post-graduate degrees in Accounting and Auditing.

Maurício de Souza Alternate Member

Election date: 05.2019 / Term of office: until 2021 Annual Meeting

He is a sitting member of the Audit Committee of Banco Votorantim and of Seguradora Líder-DPVAT. He was also a sitting member of the Audit Committee of Brasilcap. Executive Officer of the following areas: financial (Receiving, Payments, Investments and Treasury), management (Supply, Internal Services, Land Administration) and Marketing (Marketing, Clients and Sustainability) on from February 2014 to January 2017. He was also the Commercial Officer of Brasilcap (March 2012 – February 2014) and the Investors Relations Officer of Banco do Brasil, acting on behalf of the company with investors, analysts, portfolio managers, rating agencies, regulators (July 2010 – March 2012). He has also experience as a Sitting Member of the Fiscal Council of WEG S.A. (May 2013 – April 2016) and as an Alternate of the Fiscal Council of Coelba (April 2002 – April 2013). He graduated in Accounting, with an MBA in Accounting and post-graduate in Audit and Management.

Executive Board

Proposes and executes the strategic plan defined by the board of directors. It also sets guidelines for operations and for socio-economic and sustainable activities. The officers always think and act in the interests of B3’s performance. Their term of office is two years, with reelection permitted.

Name Position
Gilson Finkelsztain Chief Executive Officer
Mr. Gilson Finkelsztain is the CEO of B3 since May 2017. From August 2013 to April 2017 he was CEO of Cetip S/A (Brazilian Central Securities Depository) and served as member of the Board of Directors of Cetip from 2011 to 2013, while working at Santander. Gilson has more than 20 years of experience in the financial and capital markets, always in global institutions such as Citigroup, J.P. Morgan, Bank of America Merrill Lynch and Santander, where he held different management positions related to Foreign Exchange, Fixed Income, Equities and Commodities. Gilson holds a Bachelor’s Degree in Civil and Production Engineering from Pontíficia Universidade Católica – PUC Rio de Janeiro (1994) with an extension in Advanced Management at INSEAD (2011).
Cícero Augusto Vieira Neto Chief Operating Officer
Mr. Vieira Neto is Vice-President of Operations. Clearing and Depository of B3 since 2008, being responsible for electronic trading, clearing & settlement, central counterparty (CCP), central securities depository (CSD), trade repository (TR) and the BM&FBOVESPA Custody and Settlement Bank. He joined the exchange in 2001 and prior to BM&FBOVESPA he was head of risk management of Matrix Bank. He holds a PhD in economics.
Daniel Sonder Chief Financial Officer
Mr. Sonder holds a bachelor’s degree in Economics and International Relations from Tufts University, and a master´s degree in International Relations from the Fletcher School of Law and Diplomacy. He served as a Managing Director and was responsible for the Structured Credit Funds area in the Asset Management Division of Credit Suisse, which he joined in 2006. Previously, between 2003 and 2006, he was a member of the senior staff of the São Paulo State Secretary of Treasury. Earlier, between 2002 and 2003, he was assistant to the Director of Structured Products at the Brazilian National Bank for Economic and Social Development (Banco Nacional de Desenvolvimento Econômico e Social), or BNDES, and worked at J.P. Morgan from 1999 to 2001. In May 2013, Mr. Sonder became Chief Financial and Corporate Affairs Officer at B3, where, since February 2015, he is the Financial, Corporate and Investor Relations Vice-President.
José Ribeiro de Andrade Chief Product and Client Officer
Mr. Andrade earned a Masters of Business Administration in Finance from IBMEC (Instituto Brasileiro de Mercado de Capitais) and a Bachelor`s degree in Mechanical /Production Engineering from Escola Politecnica of São Paulo University. Mr. Andrade was Co-Head of Local Markets Trading Latam for Bank of America Merrill Lynch. He was also a member of the Latin American Executive committee. Prior to joining Bank of America Merrill Lynch, he worked at Citigroup Brazil for almost 10 years where he was Head Trader on the Foreign Exchange and Derivatives Desk and later responsible for Structuring and Products, focusing on investment and derivatives products for FX, interest rate, commodities and credit for local and off-shore clients. Prior to that, he worked for 3 years in a Local JV between Itau and Bankers Trust (IBT) where he worked mostly with Equity Derivatives books.
Rodrigo Antonio Nardoni Gonçales Chief Technology Officer
Mr. Nardoni is a systems analyst graduated at the Pontifical Catholic University of Campinas in 1996, with an MBA in Strategic and Economic Project Management from Fundação Getulio Vargas and Executive Education from Wharton School of the University of Pennsylvania in 2014. From 1995 to 1997 he served as systems analyst at IBM Brazil. He worked as an IT consultant at Banco Bradesco (1998-2000) and Citigroup Brasil (2000-2002). He joined BM&F in 2002 as systems analyst and later became the systems development manager. In 2008, in BM&FBOVESPA he was appointed as the PMO Associate Director and in 2010 became Managing Director of development of post-trading systems department.
Marcos Vanderlei Belini Ferreira Finance Unit Executive Officer
He holds a law degree from Brás Cubas University of São Paulo, an MBA in Business Management from FGV, São Paulo and a specialization in bank Management from Swiss Finance Institute. He began his career in 1995 at Unibanco S.A. as supervisor of vehicle collections, having been promoted to manager. That same year, he took over the credit desk for the branch network. In 1998, he became collections manager at Dibens, a company acquired by Unibanco. In 2001, he took charge of the Credit and Collections structure at Banco InvestCred (a UBB-Ponto Fio joint venture), having held the position of Credit and Collections Officer. In 2004, he was appointed Credit and Collections Officer for the automotive sector, for private individuals and legal entities, at Itaú where, in 2013, he took up the position of Credit and Collections Officer of ACIVS (Cards, Real Estate, Vehicles and Insurance Area) and held the position of Credit and Collections Officer between 2014 and 2016.
Committees

They reinforce corporate governance by advising the Board of Directors. The term of office of members is two years.

 

Audit Committee

This committee is responsible for monitoring and assessing the quality of the Internal Audit and independent audits in the company and its affiliated companies. No more than two audit committee members shall be Independent Directors; the other members shall be external independent members.

Members
José Lucas Ferreira de Melo Committee Coordinator and Finance Specialist
Alvir Alberto Hoffmann External Member
Rogério Paulo Calderón Peres External Member
Luciana Pires Dias External Member

 

Audit Committee Rules of Procedure

Audit Committee Complaint Channel

Corporate Governance and Nomination Committee

Among its main functions, this committee promotes the development of governance, assesses the adoption of good practices, and selects and appoints members to the Board of Directors and the Executive Board. It is comprised of four directors, at least two of whom are independent.

Members
Antonio Carlos Quintella Committee Coordinator
Claudia Farkouh Prado Independent Director
Guilherme Affonso Ferreira Independent Director
José de Menezes Berenguer Neto Director
Product & Pricing Committee

This committee is responsible for following up the plans for investments and development of the markets managed by the Company, following up the measuring and implementation of the commercial discounts practices adopted by the Company, assessing the price structure of the Company comparing them to the prices practiced by the main international stock exchanges.

Members
Edgar da Silva Ramos Committee Coordinator
Ana Carla Abrão Costa Independent Director
Christian George Egan External Member
Leonardo Silva De Loyola Reis External Member
Mário Torós External Member
Renato Monteiro dos Santos External Member
Bernardo Zerbini External Member
Roberto de Jesus Paris  External Member
Luiz Fernando Figueiredo External Member
Personnel and Compensation Committee

This committee reviews, proposes and monitors adjustments in parameters, in guidelines, in the compensation and benefits policy, and in the personnel management model. It is comprised of three directors, at least two of whom are independent.

Members
Antonio Carlos Quintella Committee Coordinator
Claudia Farkouh Prado Independent Director
Florian Bartunek Independent Director
Guilherme Affonso Fereira Independent Director
Risk and Financial Committee

The primary responsibilities of the risk and financial committee include monitoring and assessing, from a strategic and structural standpoint, the market, liquidity and systemic risks that affect the markets in which the company operates. It is comprised of at least four directors, from which at least two are independent.

Members
Eduardo Mazzilli de Vassimon Committee coordinator
Antonio Carlos Quintella Independent Director
José Lucas Ferreira de Melo Independent Director
Cassiano Ricardo Scarpelli Director
José Roberto Machado Filho Director
Internal Committees

The Internal Committees to the Chief Executive Officer and Executive Board are:

  • Anti-money Laundering Internal Committee
  • Corporate Risk Internal Committee
  • Conduct and Ethics Internal Committee
  • Operational Qualification Program (PQO) Certification Internal Committee
  • Internal Committee of Fees
  • Projects Internal Committee
  • Sustentability Internal Committee
  • Central Counterpart (CCP) Risk Internal Technical Committee
Advisory Committees

B3 has continuously strived to work closer with the participants in its markets. For this purpose, the company maintains several open channels with investors and companies in different categories, which collaborate to develop products and services, and to suggest new practices.

In addition to the Committees that support the Board of Directors and the CEO, the Advisory Committees were created to ensure a constant liaison with the B3 market participants. In 2009, these Committees underwent some important enhancements, such as the expansion in the number of participants, which currently stands at around 450. In 2011 the Real Estate Market Committee and the Trading & Technology Committee were created.

Currently, B3 has the following Advisory Committees:

  • Advisory Commitee – Commodities
  • Advisory Commitee – Fixed Income, FX and Derivatives
  • Advisory Commitee – Equities
  • Advisory Commitee – Companies and Underwriting
  • Advisory Commitee – Risk Analysis
  • Advisory Commitee – SOE Governance Market
  • Advisory Commitee – Norms
  • Advisory Commitee – Trading
  • Advisory Commitee – Post-Trade
  • Advisory Commitee – Financing
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