business report - The Brazilian

Transcription

Volume II Number 4 2008
Brazilian-American Chamber of Commerce, Inc.
BUSINESS
REPORT
2008: Another Banner Year for the Chamber!
PRESIDENT EMERITUS
DIRECTORS
Vicente J. Bonnard
Charles Achoa, Jr.
OFFICERS
President
Richard S. Aldrich, Jr.
Shearman & Sterling LLP
Vice President
John D. Landers
Delta National Bank & Trust Company
Treasurer
James J. Quinn
Law/CPA Offices of James J. Quinn
Secretary
Renata Neeser
White & Case LLP
ADVISORY COUNCIL
Honorary Chairman:
Ambassador
José Alfredo Graça Lima, Consulate
General of Brazil in New York
Credit Suisse
Leandro Martins Alves
Banco do Brasil
S. Wade Angus
Jones Day
Paul S. Aufrichtig
Aufrichtig & Aufrichtig, P.C.
Celso V. Barison, Jr.
Metropolis Wine Merchants
Valmor A. Bratz
Jardim Botanico Partners
Jayme F. Bulcão
BCP Securities LLC
Paul A. Burkhardt
Citrus Products, Inc.
Arthur E. Byrnes
Deltec Asset Management LLC
Cassio A. Calil
JPMorgan
Joseph Locandro
Hunter C. Smith
Bunge Limited
Angelo A. Stabile
Bras Consult Ltd.
Robert Y. Stebbings
Stebbings & Associates
Renato M. Tichauer
Shine International Corporation
Sidney N. Weiss
Law Offices of Sidney N. Weiss
John H. Welch
Banco Itaú S/A
Vicente B. Wright
California Steel Industries, Inc.
Kellie A. Meiman
McLarty Associates
Executive Director
Sueli Bonaparte
Guilhermo E. Jasson
Morgan Stanley
Marun Jazbik Filho
Sullivan & Cromwell LLP
Angela Mello
UBS
Francis E. Larkin
Aliança Lines, Inc.
Paulo Leme
Goldman, Sachs & Co.
Ricardo de Figueiredo Lima
UniverCidade –
Centro Universitário da Cidade
Zélia Cardoso de Mello
Aquila Associates LLC
PATRON MEMBERS
Simoni Morato
Safra National Bank of New York
Banco Bradesco S.A.
Banco do Brasil
Roberto Medeiros Paula
Banco Bradesco S.A.
Petróleo Brasileiro S.A.– Petrobras
Members:
John G. Casale
NYSE Euronext
Paulo Sergio Pereira
SPONSOR MEMBERS
Celso V. Barison
Stephen M. Cunningham
Deutsche Bank
Eduardo Pupo
PricewaterhouseCoopers, LLP
Lino Otto Bohn
International Business Consultant
Thomas J. DeCoene
Itaú Securities Inc.
Natalia Quesada
American Airlines
Vicente J. Bonnard
Fernando De Lima
Crown Telecom USA, Inc.
Therese J. Rabieh
WestLB AG, New York Branch
Roberto De Paula
Royal Consulting Inc.
Luiz Romano Rocha
Banco Votorantim Securities, Inc.
José Luiz Godoy
Multiplas International, Inc.
José Sampol
TAM Airlines
Alexander Severino
Citigroup, Inc.
Hamilton C. da Silva
American International Group – AIG
American International Group – AIG
Banco da Amazônia S.A.
Banco Itaú S.A.
Banco Votorantim
Bunge Limited
Cacique International U.S.A., Inc
Citigroup Global Markets, Inc.
Credit Suisse
Deutsche Bank
HSBC Private Bank
Itaú Securities, Inc.
JPMorgan
Shearman & Sterling LLP
Unibanco – União de Bancos
Brasileiros S.A.
Francisco R. Gros
OGX Petróleo e Gás Participações S.A.
Sergio Millerman
SM Consultant
Márcio M. Moreira
McCann Worldgroup
Sérgio C. Pereira
Cacique International U.S.A. Inc
Lucio Pimenta
Gabriel R. Safdié
Safdié Investment Services Corp.
Carlos Alberto Vieira
Aracruz Celulose S.A.
William Rhodes
Citigroup, Inc.
Carlos Novis Guimarães
Invest Tur Brasil
Theodore M. Helms
Petróleo Brasileiro S.A.
– Petrobras
Vale
Credits • Chairman, Editorial and Publications Committee: Lee Kader • Executive Editor: Sueli Bonaparte • Production Coordinator: Andrea Soares Berrios • Editor: Janine Hirt
Disclaimer • The Brazil Business Report is published quarterly by the Brazilian-American Chamber of Commerce, Inc. Opinions expressed in the Brazil Business
Report are not necessarily those of the Chamber. The Editorial Committee reserves the right to refuse materials submitted. Editorial materials are subject to change.
All correspondence must be addressed to: Brazilian-American Chamber of Commerce, 509 Madison Avenue, Suite 304, New York, NY 10022. We welcome suggestions,
comments, and news articles related to Brazil-US trade relations. • Tel: (212) 751-4691 • Fax (212) 751-7692 • Email: info@brazilcham.com
Letter From The Editorial
Committee Chairman
In this Issue
This year was a remarkable one for the Brazilian-American Chamber of Commerce, Inc. As
Brazil’s economy and international prestige continued to grow, so did the Chamber. 2008
was a landmark year in terms of membership for the Chamber, as a record number of new
companies joined and Chamber membership surged to an unprecedented 520 members. Our
marketing and communications efforts continued to bring outstanding institutional exposure
to both our organization and our member firms, reaching more than 17,308,020 readers
through print and internet media alone. Moreover, to meet the diverse needs and interests of
our growing membership base, our 2008 events calendar was unparalleled in both number and
scope of events, including over 50 highly anticipated breakfast briefings, seminars, networking
receptions, gala dinners, and major conferences that drew business and government leaders
from around the world.
Year in Review......................................4
New Member List.................................16
Corporate Profiles.................................17
Member News....................................18
Membership Drive Campaign...................21
In this issue of the Brazil Business Report, entitled “2008: Year in Review”, we will look back
on some of these memorable Chamber events. As always, the Person of the Year Gala Dinner,
the Brazil Summit and the Economic Conference stand out as three of the Chamber’s most
anticipated and successful annual events. Standard and Poor’s landmark decision to move
Brazil to investment grade sparked a slew of exciting breakfast briefings, and our popular
“Meet the CEO” seminars were repeatedly sold-out as members quickly seized the opportunity
to hear from such influential leaders as José Sergio Gabrielli, President and CEO, Petrobras,
and Henrique Meirelles, President, Central Bank of Brazil. 2008 also saw the Chamber’s
first Real Estate Summit and Energy Summit, both tremendously successful conferences that
catered to two burgeoning sectors of Brazil’s economy.
We hope you enjoy revisiting these events with us in this edition of the Chamber’s quarterly
publication. We will also reveal the winner of the 2008 Membership Drive Campaign and
provide you with exciting news about our member companies.
As 2008 draws to a close we would like to thank you, our loyal and generous member, for your
continued support of the Brazilian-American Chamber of Commerce, Inc. and for helping to
make us the most active international chamber of commerce in the United States. We wish you
a wonderful holiday with your friends
Lee Kader
Editorial Committee Chairman
Brazil Business Report .3
2008
Year In Review
Breakfast on the USA Economy and
Its Impact on Brazil’s Economic Outlook
Banking and Capital Markets Committee
The University Club, New York City,
January 14, 2008
The first Chamber event of the year brought top business and academic
leaders together to offer their predictions on US-Brazil relations in 2008.
Albert Fishlow, Director of Brazilian Studies and Professor of International
Affairs at Columbia University, moderated an expert panel of speakers that
included Lisa Schineller, Director, Sovereign Ratings, Standard & Poors;
Douglas Smith, Chief Economist, Americas, Standard Chartered Bank; and
John Welch, Senior Vice President, Sovereign Strategy, Lehman Brothers
Inc. They examined Brazil’s economic outlook, business opportunities
and political landscape for the coming year.
Annual Membership Luncheon
January 14, 2008
Sergio Pereira, President of Cacique International U.S.A. Inc. and former Chamber
President, welcomed all attendees and thanked them for their outstanding
dedication and continued support of the Brazilian-American Chamber of
Commerce, Inc.
On behalf of Lino Bohn, Chairman of the Nominating Committee, Mr. Pereira
then presented the slate of directors for election to the board. Attendees express
their agreement and the first board meeting of the year commenced directly after
the luncheon, where the new board members were elected.
Emerging Professionals Happy Hour
Membership Committee
W Hotel Tuscany, New York City,
January 31, 2008
Attendees gathered to network at this beautiful midtown venue, in the first of
several 2009 happy hours geared towards our younger Chamber members.
.4 www.brazilcham.com
Year In Review
continued
Breakfast with Maria Helena Santana,
President of CVM (Brazilian Securities and
Exchange Commission)
Shearman & Sterling LLP, New York City,
February 8, 2008
During her engaging and timely presentation, Ms. Santana provided a clear
snapshot of the Brazilian capital market and highlighted some of its major
challenges.
Breakfast with Henrique Meirelles,
President of the Central Bank of Brazil
February 12, 2008
For his first public speech since the Central Bank of Brazil released its
minutes of the January 22-23 interest rate meeting, Mr. Meirelles traveled
to New York to address Chamber members on Brazil’s economic prospects
for 2008.
Mr. Meirelles highlighted that Brazil’s real interest rates were coming
down steadily as a result of opting for a quick process to curb inflation.
He reaffirmed that the central bank was committed to its inflation targets,
and said the bank still projects an economic growth of 4.5 percent this
year, even with the slowdown of the US economy.
Business Networking Reception
This members-only Chamber reception, the first of 2008, offered an excellent
opportunity for attendees to network and mingle with other business leaders,
directly after the luncheon, where the new board members were elected.
Piola, New York City,
February 27, 2008
Brazil Real Estate Summit
Trade and Business Investment Committee
Le ParkerMeridien, New York City,
March 5, 2008
Brazil’s economic success -with rising wages and falling unemployment ratesdirectly translates into greater demand for homes and development projects.
This holds an enormous potential for investors around the world, and has
powered Brazil’s lucrative real estate sector into the public eye. The Chamber’s
first annual Brazil Real Estate Summit catered to this growing interest. John
D. Markunas, Business Development Manager, Land America Financial Group,
Inc. opened the summit. The program unfolded with four separate panels, each
focused on a specific topic: investment trends and opportunities; understanding
the Brazilian legal and tax systems and the latest developments; a closer look at
private equity real estate funds; and perspectives and trends by sector. Thomas
J. DeCoene, President, Itaú Securities, provided the concluding remar
The line-up of outstanding speakers included: Tomas Awad, Senior Strategist,
Itaú Securities; Philip M. Kibel, Senior Vice President, Moody’s Investor
Service; Guilherme Forbes, Partner, Souza, Cescon Avedissian, Barrieu e Flesch
Advogados; Ivan Tauil, Partner, Thompson & Knight LLP; Ronald Herscovici,
Partner, Souza, Cescon Avedissian, Barrieu e Flesch Advogados; Eduardo
Machado, Managing Director, Carlyle Group of Brazil; Josh Pristaw, Managing
Director, Golden Tree Insite Partners; Thomas MacDonald, Chief Strategic Officer,
Equity International; Edith Bertoletti, Director, Itacare Capital (Tourism); and Luiz
Rogélio, CFO, Company S.A. (Residential).
Year In Review
continued
Breakfast on Vehicles for Foreign Investment
Legal Affairs Committee
K&L Gates LLP,
New York City,
March 25, 2008
This program was organized by the Legal Affairs Committee to inform attendees
on the restrictions and requirements applicable to investing in Brazil. Marc
Vielleux, Partner, K&L Gates LLP, moderated the panel of speakers which
included Eliana Chimenti, Partner, Machado, Meyer, Sendacz e Opice –
Advogados; Anthony R. Nolan, Partner, K&L Gates LLP; and Antonio Tedesco,
Managing Director, EM Derivatives Solutions Group, JPMorgan Chase Bank.
Ms. Chimenti provided an overview of several main vehicles for foreign
investors and some basic forms of foreign investment, while Mr. Nolan’s
presentation addressed the transfer of credit derivatives going in and out of
Brazil and the legal developments in this area. Mr. Tedesco shared a number
of case studies on different types of instruments that JPMorgan has made
available to foreign investors.
The Plaza Champagne Bar, New York City,
April 2, 2008
2008 Brazil Summit
Waldorf=Astoria, New York City,
April 14, 2008
More than 300 leaders from the diplomatic, financial, and business communities
gathered at the Waldorf=Astoria Hotel in New York City on April 14th to celebrate
Brazil’s booming economy. A broad range of current issues affecting BrazilUS business was analyzed at this event, providing attendees the invaluable
opportunity to exchange views with an outstanding list of speakers from the
public and private sectors. Topics included the state of the Brazilian economy,
Brazil’s path to investment grade status, and the financial outlook for the country.
Organized on an annual basis to coincide with the spring meetings of the
World Bank and the International Monetary Fund, this year’s conference
boasted an impressive lineup of speakers including: H.E. Guido Mantega,
Finance Minister of Brazil; Ambassador Graça Lima, Consul General of Brazil
in New York; Nelson Barbosa, Secretary of Economic Monitoring from the
Ministry of Finance; Lisa M. Schineller, Director of Sovereign Ratings at
Standard and Poor’s; Shelly Shetty, Senior Director of the Sovereign Group
at Fitch Ratings; Mauro Leos, Vice President and Senior Credit Officer at
Moody’s Investor Service, Inc; Joyce Chang, Head of Emerging Market
Strategy and Emerging Market Americas Client Business at JP Morgan Chase
& Co; and Paulo Leme, Director of Emerging Market Research at Goldman,
Sachs & Co.
Year In Review
continued
Breakfast on the Reinsurance Market in Brazil
Dewey & LeBoeuf LLP, New York City,
April 21, 2008
On April 17th, 2008, Brazil broke from its 69-year old tradition of a stateheld monopoly and opened its reinsurance market to foreign and national
companies. This timely breakfast seminar, held four days after this significant
event, provided valuable insight and expert advice on this exciting new sector.
Eridania Perez, Partner, Dewey & LeBoeuf LLP, moderated a five-person
panel that included speakers Paulo Eduardo de Freitas Botti, Managing
Partner, G5 Solutions; Paulo Cesar Pereira Reis, General Manager,
Transatlantic Re; Salvador Cícero Velloso Pinto, Legal Consultant,
FENASEG – Brazilian National Federation of Insurance Companies; Carlos
Alberto Protásio, President, Associação Brasileira das Empresas Corretoras
de Resseguros – ABECOR; and Franklin Santarelli, Senior Director, Fitch
Ratings’ Latin America Financial Institutions Group.
Breakfast on the Brazilian Tax System:
Tax Reform, US-Brazil Tax Treaty and Taxation
on Brazilian Investments
Sponsored by Pinheiro Neto Advogados
April 29, 2008
This special morning seminar focused on the complexities of the Brazilian
tax system.
Luiz Roberto Peroba Barbosa, Partner, Pinheiro Neto Advogados; Ricardo Luiz
Becker, Partner, Pinheiro Neto Advogados; Kellie Meiman, Managing Director,
McLarty Associates; and Eduardo Pupo, Partner, PricewaterhouseCoopers,
LLP comprised the outstanding panel of speakers which was moderated by
Luciana Rosanova Galhardo, Partner, Pinheiro Neto Advogados.
The failed negotiations to create a Brazil-US Tax Treaty, the successful installment
of a Brazil-US Exchange of Information Treaty, and recent amendments regarding
the tax on financial transactions were among the topics discussed at this sold-out
event. Lula’s tax reform was also analyzed.
Breakfast on Brazilian Infrastructure
Investment and Arbitration
Fulbright & Jaworski LLP, New York City,
May 6, 2008
Henry Burnett, Partner, Fulbright & Jaworski LLP; Arnaldo Penteado
Laudísio, Vice President and General Counsel, Banco Santander, S.A.; Luis
M. Martinez, Vice President, International Center for Dispute Resolution;
and Fernando Eduardo Serec, Head Partner, Dispute Resolution Practice
Group, Tozzini Freire Advogados offered attendees crucial information on
investing in Brazilian infrastructure.
Year In Review
continued
Reception at Yael Sonia Art Jewelry
Yael Sonia Art Jewelry, New York City,
May 7, 2008
Breakfast with Lisa Schineller, Director of
Sovereign Ratings, Standard And Poor’s
Thelen Reid Brown Raysman & Steiner LLP, New York City,
May 13, 2008
On April 30th, 2008 Standard and Poor’s raised Brazil’s long-term foreign
currency rating to investment-grade BBB- from BB+. In celebration of this exciting
milestone, the Chamber invited Lisa Schineller to speak about her firms’ rationale
to upgrade Brazil, discuss ratings actions taken on various Brazilian corporate
banks and structured transactions, and provide insight into how this new status
would positively affect Brazil’s economy.
Person of the Year Dinner Awards
May 22, 2008
The Person of the Year 2008 Awards Dinner on May 22nd at the Waldorf=Astoria
will be remembered for a long time; it was the first time a Brazilian woman was so
honored and it was also the first time that a “Nordestina”, a Northeastern Brazilian,
received the award.
The two honorees - Yolanda Queiroz, CEO of the Edson Queiroz Group
of Fortaleza, Ceará, and Thomas F. “Mack” McLarty, III, CEO of McLarty
Associates – drew a large and boisterous crowd, making the event one of
the most memorable ones.
Reaffirming a tradition, the President of Brazil, His Excellency Luis
Inácio Lula da Silva, sent a personal letter to the honorees that was read by
H.E. José Alfredo Graça Lima, Brazil’s Consul General in New York. The
American Ambassador to Brazil Clifford Sobel delivered the award to Ms.
Yolanda Queiroz and former Foreign Minister Luiz Felipe Lampreia did the
same for Thomas F. “Mack” McLarty, III.
Breakfast on the Hostile Takeover of
Public Companies on BOVESPA
Simpson Thacher & Bartlett LLP, New York City,
May 20, 2008
The growing number of Brazil-based public companies and the increased
movement of capital across borders have made firms more prone to hostile
offers, yet the “Comissão de Valores Imobiliários” (CVM, the Brazilian
regulator) has no regulatory framework in place for hostile takeovers or
proxy wars. The Brazilian-American Chamber of Commerce, Inc., brought
together three experts in the field to address this issue: Nicolas Aguzin,
Head of Investment Banking for Latin America, JPMorgan Chase & Co.;
Eduardo Boulos, Partner, Levy & Salomão Advogados; and Todd Crider,
Partner, Simpson Thacher and Bartlett LLP.
As Brazil represents the highest level of M&A activity for the Latin America
region, these speakers examined the various forms a hostile approach
could take and suggested structural defenses companies could implement
to avoid becoming the target of such a takeover.
Year In Review
continued
Westin New York at Times Square, New York City,
May 29, 2008
Breakfast with Shelly Shetty, Senior Director
for the Latin American Sovereign Group,
Fitch Ratings, Ltd.
Weil, Gotshal & Manges, LLP, New York City,
June 5, 2008
The Chamber organized this breakfast in response to Fitch Ratings’
landmark upgrade of Brazil’s foreign and local currency ratings to investment
grade. Ms. Shetty explained the factors behind Fitch’s decision, answered
investors’ questions, and focused on the positive implications this held for
Brazil’s growing economy.
Breakfast with José Sergio Gabrielli,
President and CEO, Petrobras
Mandarin Oriental Hotel New York, New York City,
June 10, 2008
Over 300 executives of the international business community in the U.S.
attended this highly anticipated, sold-out Chamber event. High in the
beautiful Mandarin Oriental Hotel, against a stunning backdrop of New York
City, Mr. Gabrielli addressed a captivated audience on Petrobras’ plans for a
major expansion in its fleet of oil rigs, tankers, and support vessels.
Mr. Gabrielli said Petrobras is planning 54.9 billion reais in investments in
2008 as it ramps up development of offshore discoveries; it expects to lease 57
new drilling rigs capable of drilling in water deeper than 2,000 meters (6,562
feet) between 2009 and 2017, 28 of which will be built in Brazil. He emphasized
that he did not support changes in existing oil concessions held by domestic
and multinational companies, because investors deserve to be rewarded for the
risks they took when Brazil’s oil potential was far less certain.
Mr. Gabrielli went on to forecast that oil prices would remain high and
volatile over the next five years due to strong global demand and tight
supplies. In terms of alternative fuels, he highlighted that Petrobras aims
to increase its global ethanol supply market share by 15-20% by 2020.
Happy Holiday & Best Wishes
for a Prosperous 2009!
The Brazilian-American Chamber of Commerce Team
Year In Review
continued
Brazil Energy Summit
June 23, 2008
Top business leaders from around the world attended this hugely successful
summit to gain critical insight into one of Brazil’s largest sectors. To reflect Brazil’s
powerhouse status in the energy sector, the Chamber organized the summit around
three key discussion panels: oil and gas; hydroelectric power; and biofuels and
biodiesel. Sidney Weiss, Chairman, Trade and Business Investment Committee,
provided the Conference Chairman’s Introduction. Conference Keynote Speaker
Luciano Coutinho, President, BNDES, The Brazilian Development Bank, began
the morning with an informative presentation on the energy sector and investment
opportunities in Brazil. The summit closed with an engaging presentation from
Luncheon Keynote Speaker, David Neeleman, CEO, Azul Airlines.
The exceptional list of speakers included: Antonio E. Castro, Executive
Manager, Gas & Energy, Petrobras S.A.; Francisco Gros, Vice-Chairman, OGX
S.A.; Christopher Garman, Director and Practice Head, Latin America, Eurasia;
Henrique Valladares, Senior Vice President of Energy, Odebrecht S.A.; Gabriel
Ybarra, Assistant Director, Odebrecht S.A.; Plinio Nastari, President, Datagro
Ltda.; Alan Boyce, President, Adecoagro; Marcello Britto, Commercial Director,
AGROPALMA S.A.; Paulo Diniz, Chief Financial Officer, COSAN S.A.; and Joel
Velasco, Chief Representative, UNICA – Brazil’s Sugarcane Industry Association.
Breakfast with Bruno Laskowsky,
Chief Executive Officer,
Cyrela Commercial Properties S.A.
June 30, 2008
As CEO of Brazil’s largest real estate company, Bruno Laskowsky is an expert
on the booming Brazilian real estate market. As part of the Chamber’s ‘Meet the
CEO’ series, Mr. Laskowsky was invited to provide a packed audience with his
perspective on this exciting sector.
During his engaging and lively presentation, Mr. Laskowsky elaborated
on the success of Cyrela, which declared an unprecedented 51% increase
in first-quarter profit this year.
Churrascaria Plataforma Tribeca, New York City,
July 8, 2008
The Peninsula, Salon de Ning: Rooftop Bar, New York City,
July 21, 2008
Year In Review
continued
Brazil: Midyear Economic and
Investment Outlook
Debevoise & Plimpton LLP,
New York City,
July 29, 2008
The beginning of 2008 brought many positive milestones for Latin
America’s largest market. This seminar was organized by the Chamber
to reflect on the successful first half of the year and focus on Brazil’s
economic performance in the final 5 months of 2008. Moderated
by John Welch, Co-Chairman of the Banking and Capital Markets
Committee, the program included expert predictions by Albert Fishlow;
Director of Brazilian Studies and Professor of International Affairs,
Columbia University; Geoffrey Dennis, Managing Director, Head of Latin
America Equity Research and Latin America Equity Strategist, Citigroup
Investment Research; William Landers, Managing Director, Blackrock;
and Gray Newman, Managing Director, Senior Latin America Economist,
Morgan Stanley.
Business Networking Luncheon
South Gate, Jumeirah Essex House, New York City,
July 30, 2008
New York Palace, New York City,
August 5, 2008
Breakfast on the Doha Collapse and
Its Impact on the Brazilian Economy,
with Ambassador José Alfredo Graça Lima,
Consul General of Brazil
Latham & Watkins LLP, New York City,
August 7, 2008
The Chamber organized this timely event as a response to the difficulties
encountered during the WTO meetings. Ambassador José Graça Lima provided
his expert insight on the collapse of the Doha round and his predictions for how
the multilateral negotiation failure would affect Brazil.
Reception and Film Festival
Sponsored by 6th Cine Fest Petrobras Brasil
Tribeca Cinemas, New York City,
August 11, 2008
This unique Chamber event enabled members to attend a special screening
of the movie ‘Paper Wedding’, included in the Brazilian Film Festival.
Attendees were delighted when Brazilian singer Jair de Oliveira made an
appearance!
Year In Review
continued
Breakfast with Henrique Meirelles,
President of the Central Bank of Brazil
The Westin New York at Times Square, New York City,
August 18, 2008
In his second Chamber appearance in 2008, Henrique Meirelles addressed
another captivated audience on recent macroeconomic developments in Brazil.
Meirelles expressed confidence that the Central Bank would bring inflation back
to the government’s target of 4.5% in 2009, and emphasized that economic
activity remains robust in Brazil. He noted that business confidence in Brazil
is at a high level and that there have been gains in retail sales and industrial
output thanks to the dropping unemployment rate. Central Bank reserves of
about $204.0 billion have also enabled Brazil to be in much better shape to deal
with sudden movements in the real or other unexpected circumstances.
Meirelles also reiterated the long-standing policy that the Central Bank does
not intervene in currency markets to influence the long-term trend of the
exchange rate for the Brazilian real.
Reception to Celebrate the 186th Anniversary
of the Declaration of Independence of Brazil
The Racquet and Tennis Club, New York City,
September 8, 2008
This elegant ceremony is organized annually by the Chamber to celebrate
Brazil’s independence. This year Chamber members gathered at The Racquet
and Tennis Club to meet up and mingle with other guests from the diplomatic
corps and government officials. The evening culminated in a beautiful group
rendition of the Brazilian national anthem.
Breakfast on the Carbon Credits Market
in Brazil
Covington & Burling LLP, New York City,
September 9, 2008
As one of the world’s top consumers of renewable energy and biofuels,
Brazil is the third-largest global producer of carbon credits under the Kyoto
protocol’s Clean Development Mechanism (CDM). For this special breakfast,
the Chamber invited 5 experts in the field to discuss the burgeoning
carbon credits market. Rubén Kraiem, Corporate Partner, Covington &
Burlington LLP, moderated the panel which included Vladimir Abreu, Partner,
TozziniFreire Advogados; Gabriel Ribenboim, Coordinator of the Special
Projects area of the Sustainable Amazonas Foundation; and Kruskaia SierraEscalante, Senior Counsel, International Finance Corporation.
An introduction was provided to the overall topic of climate change,
the Kyoto Protocol, and the post-Kyoto Protocol negotiations. An overview
of Brazilian legal issues pertaining to investments in greenhouse gas
emission reduction projects was also given. All panelists applauded
Brazil’s growing carbon credit market, saying carbon credits were already
making an important contribution to reducing global warming and are often
an important source of capital for emissions-reducing projects.
Year In Review
continued
New Members Reception
K&L Gates, New York City,
September 24, 2008
This intimate reception was held to welcome recent new members of the
Brazilian-American Chamber of Commerce, Inc. New members were given the
opportunity to mingle and exchange ideas with Chamber Directors and longstanding participants of the Membership Committee.
Breakfast on Key Tax Considerations in
Acquiring Assets and Investing in Brazil
The Westin New York at Times Square, New York City,
September 25, 2008
Three top tax attorneys provided their valuable perspectives on investing in
Brazil during this packed Chamber event: Maria Isabel Tostes da Costa Bueno,
Partner, Tax Group, Mattos Filho Advogados; Andrea Bazzo Lauletta, Partner, Tax
Group, Mattos Filho Advogados; and William McRae, Partner, Clear Gotltlieb
Steen & Hamilton LLP. Topics ranged from how to structure your investment
or acquisition in Brazil; how and when to use infrastructure investment funds,
private equity funds and real estate funds; and how to assess contingent tax
liabilities in an acquisition of a Brazilian company.
Tocqueville Restaurant, New York City,
October 6, 2008
Breakfast on Investing in
Brazilian Agriculture:
Legal and Financial Aspects and a
Successful Case Study
Patterson Belknap Webb & Tyler LLP, New York City
October 8, 2008
This seminar offered valuable guidelines on investing in one of Brazil’s hottest
and most profitable sectors. Four speakers address four pertinent topics:
Bernardo Costa, Associate Director, Fitch Ratings’ Latin America Structured
Finance Group discussed how capital markets could finance Brazilian
agriculture; José Ricardo Martins, Partner, Peixoto e Cury Advogados,
provided an assessment of the legal aspects of Brazilian agriculture; Stanley
Stairs, Partner, Stairs Dillenbeck Finley, focused on investing in production
agriculture in western Bahia; and Adam Howell, Partner, Howell Farms, shared
his own case study of his experience in Brazil.
Year In Review
continued
Brazil Economic Conference
The Mayflower Hotel, Washington D.C.,
October 13, 2008
This conference is organized annually by the Brazilian-American Chamber of
Commerce, Inc. to coincide with the fall meetings of the International Monetary Fund
and the World Bank Group. For over two decades the event has served as a dynamic
forum for business and government leaders to convene and debate key political
issues facing the present and future outlook of Latin America’s largest economy.
The 2008 edition of the conference included a strong focus on the global financial
crisis and its current and potential impact on the robust Brazilian economy. Over
300 leaders from a broad range of corporate, diplomatic, financial, and research
institutions attended the event to discuss this timely topic.
Chamber President Richard Aldrich, Jr. commenced the conference and the opening
remarks were provided by H.E. Antoniio de Aquiar Patriota, Brazilian Ambassador to
the United States, Brazilian Embassy. The outstanding lineup of speakers included:
Conference Keynote Speaker, Benny Parnes, Managing Director, Banco BBM S.A.;
Paulo Vieira da Cunha, Partner, Tandem Global Partners; Caio Megale, Partner and
Head Economist, Mauá Investimentos Ltda.; Sergio Ribeiro da Costa Werlang,
Executive Officer and Chief Risk Officer, Banco Itaú Holding Financeira S.A.; John
Williamson, Senior Fellow, The Peterson Institute for International Economics; and
Conference Closing Keynote Speaker, Bill Rhodes, Senior Vice-Chairman, Citigroup
Inc. H.E. Guido Mantega, Finance Minister of Brazil, Ministry of Finance, provided a
lively and engaging presentation as the Luncheon Keynote Speaker.
Breakfast on the Global Financial Crisis
and Its Impact on the Future of the
Brazilian Economy
White & Case, New York City,
October 15, 2008
The Chamber organized this special event to address growing concerns
over how Brazil could be affected by the increasing global economic
turmoil. Moderated by John Welch, Co-Chair, Banking and Capital
Markets Committee, the panel of four experts offered illuminating, and
often different, predictions on the future of the Brazilian economy. Albert
Fishlow, Director, Brazilian Studies of International Affairs, Columbia
University; Paulo Vieira da Cunha, Principal, Tandem Global Partners; Lisa
Schineller, Director, Sovereign Ratings, Standard & Poor’s; and Cassio
Calil, Managing Director, Corporate Structuring and Solutions Group,
JPMorgan, comprised the diverse panel.
Predictions highlighted that Brazilian asset management and hedge
fund firms would likely consolidate in giant steps as a result of increased
risk aversion and investors pulling money out of funds, and that Brazil’s
economic growth would slow more in 2009 than previously expected.
Circus Restaurant, New York City,
October 22, 2008
Breakfast on Liquidity Among Brazilian Banks
with Peter Shaw, Managing Director
Latin America Financial Institutions,
Fitch Ratings
Duane Morris LLP, New York City,
October 27, 2008
Larger Brazilian banks will likely continue purchasing assets, particularly loans,
from smaller banks, predicted Peter Shaw, during this timely Chamber program.
Mr. Shaw advised Chamber members that he does not expect the financial crisis
to bring a round of consolidation among banks but rather that larger banks will
continue purchasing loan packages from small and medium-sized banks.
Year In Review
continued
Breakfast Seminar on Maritime Infrastructure
and Invesment Opportunities
New York Yacht Club, New York City,
November 3, 2008
The New York Yacht Club offered the perfect setting for this sold-out Chamber
event. Stuart S. Dye, Partner, Holland & Knight LLP; Richard Klien, Vice
President of Transroll Navegação, Chairman of the Board of Multiterminais
and Vice-Chairman of the Board of SantosBrasil; José Sergio de Oliveira
Machado, President of Transpetro – Petrobras Transportes S.A; Godofredo
Mendes Vianna, Partner, Law Offices Carl Kincaid; and Markus J. Pressdee,
Managing Director and Head of Infrastructure, Credit Suisse addressed
investment opportunities in shipbuilding and port development against
a backdrop rich in nautical history. Douglas R. Burnett, Partner, Squires,
Sanders & Dempsey LLP, moderated this expert panel of speakers.
Breakfast on Private Equity in Brazil
Jones Day, New York City,
November 13, 2008
The Chamber invited four celebrated speakers to address one of the most
exciting sectors in Brazil at this special breakfast seminar. Wade Angus,
Partner, Jones Day, moderated a panel that included Cate Ambrose, President
and Executive Director of the Latin American Venture Capital Association
(LAVCA); Daniel Calhman de Miranda, Partner, Securities and Banking Group,
Mattos Filho Advogados; Luiz Eugenio Figueiredo, Chairman of ABVCAP and
Partner and Investment Management of Rio Bravo; and Duncan Littlejohn, the
Latin American Representative of Paul Capital Partners.
While there was marked concern about how slower growth in the G-7 countries
could affect Brazil, they emphasized that favorable macroeconomics, developed
capital markets, world class corporate governance, developed institutional &
regulatory landscape, and qualified human resources made Brazil an enabling
environment for private equity, along with the availability of attractive investment
opportunities and viable exit options.
Churrascaria Plataforma Tribeca, New York City,
November 14, 2008
Holiday Dinner Dance
New York Palace, New York City,
December 5, 2008
More than 200 guests turned out for this ultimate Brazilian-style holiday
celebration. A stunning ballroom set the scene as attendees dined on elegant
cuisine and danced the night away to a traditional Brazilian band. The muchanticipated raffle kept everyone on the edge of their seats: over $50,000 in
prizes were given out to lucky Chamber members this year, including several
pairs of round-trip business class tickets to Brazil!
Happy Holidays!
Brazil Business
Report
New Member List
Vol II. Issue 4 2008
CoRPORATE
ADVICE
PERSONNEL
230 Park Avenue,
Suite 860
New York, NY 10169
(917) 206-1796
www.adviceny.com
Bumbum Ipanema
Estrada dos
Bandeirantes, nº 5541
Curicica – Jacarepagua
22780-080 Rio de
Janeiro, RJ BRAZIL
(55-21) 3265-7700
www.bumbum.com.br
DAIWA
SECURITIES
AMERICA INC.
Financial Square
32 Old Slip
New York, NY
10005-3538
(212) 612-6274
www.daiwausa.com
JAPAN
FINANCE
CORPORATION
(JBIC)
712 Fifth Avenue,
26th Floor
New York, NY 10019
(212) 888-9500
www.jbic.go.jp
ZELUX
AGRICOLA LTDA.
Rua Visconde de Pirajá
623, 2° andar
Rio de Janeiro, RJ
22410-003
(55-21) 2274-6798
EWC
Rua Litargirio, 25
Belo Horizonte, MG
30430-580
(55-31) 3372-6745
www.ewc.com.br
STRASBURGER &
PRICE, LLP
330 Madison Avenue,
9th Floor
New York, NY 10017
(646) 495-5100
www.strasburger.com
SOUTHERN CONE
MANAGEMENT
CORPORATION
531 Main Street,
Suite 908
New York, NY 10044
(212) 486-2377
www.southern
conegroup.com
MEMBER
MEMBER
ALEX LADD TRANSLATION
CONSULTANT
New York, NY
(201) 232-2922 /
(201) 864-4458
www.accurate
interpreter.com
NON-PROFIT
ORGANIZATION
THE NEW SCHOOL
66 West 12th Street
New York, NY 10011
(212) 229-5600,
ext. 3438
www.generalstudies.
newschool.edu
Brazil Business
Report
Corporate Profiles
ADVICE PERSONNEL
is an executive search firm specializing in
the placement of finance and accounting professionals from staff to executive level
positions in the New York Metropolitan area. Founded in 1984, Advice has built a
reputation for quality and personalized service within the permanent and temporary
placement fields. As a boutique firm, we can respond to our clients’ specific needs
more quickly and cost-effectively than our larger competitors. We have filled
thousands of positions across a broad array of industries, always maintaining the
highest degree of confidentiality, professionalism and ethical standards.
Advice works closely with clients to identify the exact qualifications and
skills needed in a prospect, and we interview candidates extensively to ensure
their experience and needs are appropriate for the job and culture offered by
our clients. Most of our professional recruiters are CPA’s and our diligence is
unmatched in the industry. Our service is founded on the principle that people
and time are the most valuable assets of any business.
THE NEW SCHOOL
was founded in New York City nearly a century
ago as a bastion of intellectual and artistic freedom. Today, it is a lively urban
university made up of eight schools that contain some of the nation’s most
respected programs in design, liberal arts, the performing arts, management
and urban policy, and social and political science.
Artists, scholars, and students from all 50 states and around the world attend
The New School’s diverse programs to earn bachelors’, master’s or doctoral
degrees, complete certificate programs or take continuing education classes.
The 9,500 matriculated students and 15,000 continuing education students
who study on campus in Greenwich Village or online enjoy a disciplined
education supported by small class sizes, superior resources, and renowned
working faculty who practice what they teach.
www.newschool.edu
www.adviceny.com
ALOTHON GROUP is a private equity firm with a focus on mid to late
stage buyouts in Latin America, principally Brazil but also potentially Chile and
other countries in the region. The team’s success is driven by a disciplined
investment strategy centered on control opportunities, businesses with strong
franchise value, and an early focus on the exit strategy.
Alothon invests in: control opportunities in order to establish management
leadership, strategic direction, strict corporate governance standards, and
successfully implement exit strategies; primarily Brazil but also in Chile and
other Latin American economies that have strong fundamentals, a broad pool of
management talent and significant domestic demand; service-oriented businesses
with an established local presence and a proven track record; industries which are
expected to grow as a result of an expanding middle class.
www.alothon.com
INTÉRPRETES BRASIL
is a full-service professional language
company specializing in both face to face and document translation services
in various languages. We provide top quality services for a number of major
corporations, law firms, medical establishments and governmental agencies
in the domestic US and abroad. Our dedication to the details and to meeting
our clients’ goals have made Intérpretes Brasil a leader in the translation and
interpreting industry for both written & verbal communication projects.
To contact us for more information, a free quote or even just to be put
on our “Friends of Intérpretes Brasil” list, please e-mail interpretesbrasil@
yahoo.com.br. Our phones are always open to you, our client - feel free to call
Arthur Liebl, President, at (603) 443-7251 or Ana Maria Brandão, Director of
Marketing and Sales, at (617) 869-2693 or in Brazil at 55 (27) 2104-9304.
Please be assured that most translation projects are done in record time, and
we insist on your 100% satisfaction. Our headquarters are located in Boston,
but our heart is all Brazilian!
2009
Advertise in the
2009
Business
Review/
Directory
The 2009 edition of this ultimate
guide to doing business in Brazil will
focus on Sustainability and Corporate
Responsibility in Brazil.
Reach over 10,000 business leaders
and decision-makers in the Brazilian
and American communities!
For more information, please contact
Andrea Berrios at info@brazilcham.com
or 212-751-4691.
www.interpretesbrasil.com
Brazil Business
Member News Report
AGCO Reports
Third Quarter Results
AGCO Corporation reported record third quarter
net sales of $2.1 billion and record net income
of $1.04 per share for the third quarter of 2008.
“I am pleased with AGCO’s record performance in
the third quarter and the first nine months of 2008,”
stated Martin Richenhagen, AGCO’s Chairman,
President and Chief Executive Officer. “Despite
experiencing supplier constraints and rising
material costs during the first nine months of the
year, AGCO’s operating margins have expanded by
more than a full percentage point. The preemptive
pricing actions taken in the first half of 2008
along with focused management efforts enabled
us to deliver net income growth of 33% in the
third quarter and 80% for the first nine months of
2008 compared to the same periods last year. The
combination of our strong operational performance
and the steps we have taken to reduce debt over the
last two years have us well positioned to deal with
the current turmoil in the financial markets.
Source: MarketWatch
Brazil’s Bradesco Posts
Higher 9-months Profits
Brazilian financial group Banco Bradesco posted
a net profit of 6.015 billion reais ($2.59 billion)
for the first nine months, up from 5.817 billion
reais in the year-earlier period.
Source: Reuters
Banco do Brasil Races to
Regain Top Spot With Nossa
Caixa Buy
Banco do Brasil SA, Brazil’s largest governmentcontrolled lender, accelerated its bid to reclaim the
dominant position among Latin American banks
with the 5.39 billion reais ($2.25 billion) purchase
of Banco Nossa Caixa SA. The acquisition gives
Banco do Brasil the most branches in Sao Paulo
state, the nation’s wealthiest, and 15 percent more
in deposits.
Banco do Brasil, based in the capital Brasilia,
increases its total assets to 512.4 billion reais
through the transaction, Finance Vice-President Aldo
Mendes said after the banks announced the deal.
Source: Bloomberg
Embraer Wins
Jet-Plane Orders Worth
$208.2 Million
Empresa Brasileira de Aeronautica SA, the world’s
fourth-largest aircraft maker, said it received jetplane orders valued at $208.2 million.
Al Jaber Aviation, based in the United Arab
Emirates, signed a $134.6 million contract for four
Legacy 450 and four Legacy 500 executive jets,
Sao Jose dos Campos, Brazil-based Embraer said.
ASAIG Aviation, a Kuwait-based charter operator,
and Falcon Aviation Services both placed orders for
two Legacy 500 jets, valued at $36.8 million each.
The orders are included in the company’s backlog
for the third quarter. Deliveries will begin in 2013,
Embraer said.
Source: Bloomberg
Falcon Real Estate
Investment Company, LP
Announces “Falcon The
Americas Real Estate
Opportunity Fund”
Falcon Real Estate Investment Company, LP
announced their latest venture - Falcon The
Americas Real Estate Opportunity Fund. The fund
is an umbrella vehicle with four main Sub-Funds in
Argentina, Brazil, Colombia and the United States.
With the first phase scheduled to close in January
2009, The Americas Real Estate Opportunity Fund
creates an opportunity for savvy investors seeking
an alternative to the volatile stock and bond markets.
Investors will have the option to choose which of
the four countries to invest in, or they may work
under the guidance of Falcon’s expertise.
Source: Businesswire
Linklaters Adds
Alberto Luzárraga
as Partner in
New York
Linklaters today announces the election of
Alberto Luzárraga as a Partner in its Corporate /
M&A practice group in New York. Mr Luzárraga
adds significant expertise across a wide range
of mergers, acquisitions and other corporate
transactions, and highlights the firm’s continued
commitment to strengthening its global M&A
capabilities based in the United States.
“Alberto’s expertise significantly enhances our
capabilities in cross-border M&A into the US for
international clients, and in cross-border M&A
into Latin America for US clients,” said US CoManaging Partner, Nick Rees.
Mr Luzárraga’s arrival to the firm is also part of
Linklaters’ developing capability in Latin America.
His move follows Linklaters’ relocation of Ray
Fisher, a Senior Capital Markets Partner, from
Europe to New York in May 2008 to focus on
Brazil and the rest of Latin America. Although Mr.
Luzárraga will spend most of his time on the US
market, his appointment will strengthen the growth
of the firm’s Latin American business as well.
Source: Linklaters
Pinheiro Neto Advogados
Named “The Most Admired
Law Firm in Brazil”
For the third consecutive time, Pinheiro Neto
Advogados has been named “The Most Admired Law
Firm in Brazil”, with 24 of its lawyers individually
mentioned in several practice areas. The results were
reached through research with members of the legal
departments of 1,500 companies in the country.
Source: Pinheiro Neto Advogados
Brazil Business Report
Brazil’s Petrobras Makes
Another Subsalt Oil Find
Brazil’s state-run oil company Petrobras said it
discovered “large volumes” of light oil in the subsalt
layer off the coast of Espirito Santo. The company
estimated the total recoverable oil from the newly
discovered subsalt deposit in the so-called Parque
das Baleias area amounts to 1.5 billion to 2 billion
barrels of oil.
Petrobras said in a statement that the light oil,
which has an American Petroleum Institute gravity
ranking of 30, lies under heavy oil discoveries in
Baleia Franca, Baleia Azul and Jubarte. Over 80
percent of Brazil’s current crude production comes
from the Campos Basin off the coast of Rio de
Janeiro in the form of heavy crude with an API
gravity of 18 or less. The total recoverable reserves
of both the shallower heavy oil fields and deeper
light subsalt finds are seen at 3.5 billion barrels,
Petrobras said.
Source: Reuters
Premier Relocation Solution’s
Carla Conti Kalavritinos
Named as One of Enterprising’s
Women of the Year
Carla Conti Kalavritinos of Premier Relocation
Solutions has been named as one of Enterprising
Women Magazine’s 2008 Women of the Year
award winners. Ms. Kalavritinos earned between
$10 million and $25 million in annual revenue.
Source: Women Presidents’ Organization
Standard Chartered Buys
Lehman Unit in Brazil
The Brazilian assets were worth approximately 4.3
million dollars (3.3 million euros), it said. Standard
Chartered, which is focused on Asian, African and
the Middle Eastern markets, already has 28 staff in
Brazil. “The transaction adds 14 staff to Standard
Chartered’s Brazil operations with specific capability
in financial markets to support clients from footprint
markets in Asia, Africa and the Middle East doing
business with Brazil,” the bank added.
Source: AFP
TAM is the Most Punctual
Brazilian Airline in October
TAM Linhas Aereas (Bovespa: TAMM4 and NYSE:
TAM) closed October with 90% of flights operating
within scheduled time, that is, with delays of less
than 30 minutes, according to data released today by
Anac (Agencia Nacional de Aviacao Civil - National
Civil Aviation Agency). This places the company as
the most punctual among all Brazilian airlines.
TAM stood out among companies evaluated,
with the market average 87.5%, two points higher
on the delay index when compared to September
(89.5%). The company also had the lowest number
of cancellations in the month, 2.2% of expected
operations compared to a market average of 3.2%.
TAM also had the best monthly punctuality
average in the period January-October: 85.8%.
Its cancellation percentage was also the lowest in
the period, averaging 1.8%. The market average
was 2.7%.
Source: TAM Airlines
SAVE
THE
DATE
April 27
Brazil Summit
The Pierre Hotel
New York City
May 21
Person of the
Year Award
The Waldorf=Astoria
Hotel
New York City
British-based emerging markets bank Standard
Chartered said that it has agreed to buy the Brazilian
activities of failed US investment bank Lehman
Brothers for an undisclosed amount. “Standard
Chartered announces that its local subsidiary in Brazil
has entered into an agreement to acquire a specialist
team and some fixed assets from Lehman Brothers
Brazil,” the British group said in a statement.
2008 Membership Drive Campaign
We would like to extend a very special thank you to
our members who participated in the 2008 Membership
Drive Campaign. Below is a list of new member
referrals from this year’s competition.
This year’s winner, Julio Ferreira, referred five new
members to the Chamber and was awarded with one
round-trip, business class ticket to Brazil aboard
TAM Airlines.
The 2009 Membership Drive Campaign has already begun!
You can send in your referrals today to membership@brazilcham.com and our staff will personally contact them.
Referred 5 members:
Julio Ferreira referred:
Financial Media Group, Inc.
Global 8 Environmental Technology
Herborium Group, Inc.
John Thomas Financial
Uranium Energy Corp
Referred 2 members:
Marisa Almeida referred:
Extreme Realty
MacArthur Capital Group
Thomas DeCoene referred:
Fragomen, Del Rey, Bernsen & Loewy, LLP
Frontier Capital Partners
Zélia Cardoso de Mello referred:
Falcon Real Estate Investment Company, LP
Global Access Investment Advisor LLC
Lee Elman referred:
Sarab Zavaleta
The Southern Cone Group
Referred 1 member:
Cristina Almeida referred:
Houlihan Lawrence Realty - Márcia Minassian
David Badner referred:
CHF Investor Relations
Eduardo Taleb Boulos referred:
Freshfields Bruckhaus Deringer US LLP
Douglas Burnett referred:
Mendes e Vianna Advogados Associados
Harry Burnett referred:
Gaia, Silva, Rolim & Associados Advocacia e
Consultoria Jurídica S/C
Diogo Bustani referred:
Summer Brasil
Ana Carvalho referred:
Allen & Overy LLP
Rafael Carvalho referred:
Patterson Belknap Webb & Tyler LLP
Alison Kulach referred:
Mitsubishi UFJ Securities
Sergio Millerman referred:
Banco BVA S.A.
Plinio Nastari referred:
COSAN S.A.
Hsu O’Keefe referred:
ComPass USA Inc.
Roberto Paula referred:
Banca Monte dei Paschi di Siena S.p.A.,
New York Branch
Clarence Smith referred:
Dance Brazil
Amir Sternhell referred:
Ropes & Gray LLP
Leila Szwarc referred:
Giovanni Filho Advogados
Gaston Terrones Dimant referred:
MAXCAP LATAM Real Estate
Investment Advisors
Eduardo Vidal referred:
Campos Mello, Pontes, Vinci &
Schiller Advogados
Bob Lee referred:
Alpha Group
Richard Lee referred:
Signature Bank
Sponsored by:
Luis Henrique Lessa referred:
GIC Real Estate
Caroline Lobo referred:
Planner Corretora de Valores S.A.
Mass in Celebration of “Nossa Senhora de Aparecida” Day,
the Patron Saint of Brazil
.1a
Saint Patrick’s Cathedral
October 11
1a: Emily Oka, Vicente J. Bonnard, Father Amarilho Checon,
Júlia Neeser, Nicholas Neeser, Lucio Pimenta and Renata Neeser
1b: Ricardo Lima, Amb. José Alfredo Graça Lima and
Vicente J. Bonnard
1c: Vicente J. Bonnard, Col. Harley Alves and
Cmdr. Marcio Rippel (back)
.1b
.1c
.2a
2a: Maria Helena and Lucio Pimenta, Col. Harley Alves,
Vicente J. Bonnard and Eliane Alves
2b: R enata Neeser and Júlia Neeser
2c: Ricardo de Figueiredo Lima, Jr., Debora Bonnard, Vicente
Bonnard, Maria da Graça and Sérgio Pereira
.2b
.2c
Breakfast Seminar on Maritime Infrastructure
& Investment Opportunities in Brazil
The New York Yacht Club
November 3
3a: S tuart Dye, Richard Klien, Sergio Machado,
Douglas Burnett and Godofredo Mendes Vianna
3b: Douglas Burnett and S. Wade Angus
3c: The impressive conference room
3d: Oivind Lorenzten III, Ted Helms and David J. Saginaw, II
.3a
.3b
.3c
.3d
.4a
.4c
.4b
4a: Ted Helms, Douglas Burnett, Sergio
Machado, Godofredo Mendes Vianna
and Richard Klien
4b: Juan A. Anduiza, Sueli Bonaparte and
Lars Forsberg
4c: Philippe Jacquemoud and
Angelo Stabile
4d: Richard Klien and Valmor Bratz
.4d
Breakfast Seminar on Private Equity in Brazil
.5a
.5b
.5c
.5d
Offices of Jones Day
November 13
5a: L uiz Eugenio Figueiredo, Duncan Littlejohn,
Cate Ambrose, Sidney Weiss, S. Wade Angus,
Daniel C. Miranda and Waldemar Jezler
5b: L uiz Eugenio Figueiredo, Duncan Littlejohn,
Sidney Weiss and Sueli Bonaparte
5c: The fully-packed conference room
5d: S . Wade Angus, Duncan Littlhejohn and
Luiz Eugenio Figueiredo
5e: Cyro Averbach, Waldemar Jezler and guest
.5e
Brazilian Minister of Mines and Energy, Edison Lobão,
Visits the Chamber’s Offices
.6a
Offices of The Brazilian-American Chamber of Commerce, Inc.
November 14
6a: Richard S. Aldrich, Jr., Minister Edison Lobão and Vicente J. Bonnard
6b: Adm. Kleber Luciano de Assis and Amb. Rubem Barbosa
6c: Marcus Mello, Minister Edison Lobão and Vicente J. Bonnard
6d: Dario Campos, Ricardo Lima , Amb. Rubem Barbosa, Minister Edison Lobão
and Sueli Bonaparte
.6c
.6b
.6d
.7a
.7c
.7b
7a: Admiral Kleber Luciano de Assis, Richard S. Aldrich, Jr.,
Minister Edison Lobão and Vicente J. Bonnard
7b: Ricardo Lima, Dario Campos, Amb. Rubem Barbosa,
Minister Edison Lobão, Lino O. Bohn and Marcus Mello
7c: Sueli Bonaparte and Minister Edison Lobão
7d: Vicente J. Bonnard, Sônia Barroso and Minister Edison
Lobão
.7d
Col. Elias Martins Filho Receives a Certificate of Appreciation
for His Outstanding Contributions to the Chamber
.8a
Offices of The Brazilian-American
Chamber of Commerce, Inc.
October 24
8a: Ricardo Lima, Vicente J. Bonnard, Col. Elias Martins Filho,
Sérgio Pereira and Marcus Mello
8b: Sérgio Pereira and the honoree
8c: The beautiful plaque received by Col. Elias Martins Filho
8d: Vicente J. Bonnard congratulates the honoree
.8b
.8c
.8d
.9c
.9a
.9b
.9c
9a: R icardo Lima, Simoni and Col. Elias Martins Filho,
and Lucio Pimenta
9b: M
arcus Mello, Vicente J. Bonnard, Ricardo Lima,
Col. Elias Martins Filho and Sérgio Pereira
9c: Ricardo Lima and the honoree
9d: Vicente J. Bonnard and Sérgio Pereira
Meeting with Marcio Zimmerman,
Brazilian Vice-Minister of Mines and Energy
.10a
.10b
.10c
.10d
Offices of the Brazilian-American
Chamber of Commerce, Inc.
December 8
10a: The guests gathered for an intimate meeting
10b: V ice-Minister Marcio Zimmerman, Sueli Bonaparte
and Albert Fishlow
10c: Ivan Monteiro and Henry Burnett
10d: R enato Tichauer, Marcus Mello, Antonio Palmeira and
Vice-Minister Marcio Zimmerman
10e: Sérgio Tamashiro and Albert Fishlow
.10e
Upcoming Events Calendar
2008
January 29
Annual Membership Luncheon
April 27
Brazil Summit
The Pierre Hotel
New York City
May 21
Person of the Year Award
The Waldorf=Astoria Hotel
New York City
The University Club
New York City
If you are interested in sponsoring an event, contact the Chamber Executive Director Sueli Bonaparte
at sueli@brazilcham.com for additional information
For an updated calendar of upcoming events, visit the Chamber’s website at www.brazilcham.com
509 Madison Avenue, Suite 304, New York, NY 10022 • USA • Tel: (212) 751-4691 • Fax (212 751-7692 • info@brazilcham.com • www.brazilcham.com

business report - The Brazilian

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