Calastone has appointed Nelson Eduardo Pinto Pereira as its new head of Brazil.
Most recently, he had been providing advisory services to investors, having previously held senior leadership positions at Citi, Canada Life, HSBC, SWIFT and B3 (Cetip).
Pinto Pereira says: “I look forward to leveraging Calastone’s connectivity and technological capabilities to introduce greater efficiencies and to help our clients in Brazil reduce complexity, risk and cost as they take advantage of new levels of automation and simplified whole market connectivity.”
The appointment comes following the adoption of CVM Resolution 175 which allowed Brazilian investors to access a wider range of offshore fund products. International investors have also gained access to local Brazilian funds.
Calastone’s chief commercial officer, Brian Godins, comments: “Brazil is one of the largest and most important global players in the funds market with an industry net worth of over BRL 8 trillion. As the largest global funds network, Calastone is uniquely positioned to support local firms’ growth ambitions as they seek greater automation and efficiency.
“Nelson's breadth of industry experience will be key in helping our clients in Brazil evolve their business models as they tap into domestic and cross-border investment opportunities, particularly in light of the implementation of CVM 175.”
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