Calastone, the largest global funds network, has appointed Nelson Eduardo Pinto Pereira as head of Brazil.
Drawing on his 25 years’ experience in securities services, funds services and capital markets, he previously held senior leadership positions in Citi, Canada Life, HSBC, SWIFT and B3 (Cetip), and more recently has been advising and providing customized services to foreign private and institutional investors holding investments in Brazil.
Following the adoption of CVM Resolution 175, Brazilian investors now have the opportunity to access a broader range of offshore fund products, while international investors gain access to local Brazilian funds.
This expansion significantly enhances the prospects for all participants in the local funds market, Calastone said, adding that it “enables firms to achieve cross border connectivity to international fund markets via its unique global fund network, which also supports local market connectivity”.
Calastone chief commercial officer Brian Godins said: “I am delighted to welcome Nelson as Head of Calastone’s business in Brazil. 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.”
Nelson Eduardo Pinto Pereira, Calastone Head of Brazil, said: “I am excited to join Calastone at such a pivotal time for Brazil’s funds industry and to collaborate with a team at the forefront of digital innovation in funds. 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.”
