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Industry Updates

Brazil's Mauá Investimentos and Sekular Investimentos merge to form Mauá Sekular Participações S.A.

Monday, October 26, 2009
Opalesque Industry Updates - Mauá Investimentos ( and Sekular Investimentos announced their agreement to merge into a new company, to be named Mauá Sekular Participações S.A.

The merger is aligned with both partners’ strategic visions: to form a consolidated Investment Company able to offer innovative and unique solutions to its clients.

In keeping with the partners commitments to seek the best opportunities for clients the new company will reinforce and strengthen its operations initially by unifying the areas of research, back office, compliance and risk management. Additionally Mauá Sekular Participações will be positioned to have a broader product offering by focusing on three distinct areas of operations:

• Investment Fund Management
• Credit Fund Management
• Wealth Management

The Investment Fund Management unit will remain under the leadership of Mr. Luiz Fernando Figueiredo, and will focus on the management of mutual funds and hedge funds with mandates to invest in liquid assets in the Brazilian capital markets. The investment philosophy will remain the same that has underscored Mauá’s activities since its founding in 2005 and will continue to be implemented by a team that has, on average, 18 years of experience in the Brazilian and global capital markets.

The Credit Fund Management unit will develop and manage asset-backed receivable funds, in addition to creating other related structured products. These market niches continue to register significant growth in Brazil, especially due to the development of new credit instruments in the local market. Mr. João Carlos Chede, formerly Executive Vice President of Banco Safra’s credit operations, will manage the unit. Mr. Chede was a member of Banco Safra’s executive committee and has 37 years of experience in Brazilian financial institutions.

The Wealth Management unit will focus on serving “High Net Worth” clients and families. Brazil’s emergence into the world market has created significant demand for services in these areas. Mr. João Cesar Tourinho, formerly Executive Vice President of Banco Safra’s investment bank and treasury operations, will manage the unit. Mr. Tourinho was a member of Banco Safra’s executive committee and has 28 years of experience in global financial markets.

The merger positions Mauá Sekular Participações to benefit from the challenges and opportunities in Brazil in the coming years and will create an Investment Company with a strong capital base, assets under management of approximately BRL 1 billion, and over 500 clients.

Mauá Sekular Participações will begin operations with the history of credibility and ethical standards of its founders.


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