Nelson Eduardo Pinto Pereira has been named as head of Brazil for funds processing network Calastone.
He will be responsible for driving growth for the company in the South American market.
In a 25-year career spanning securities services, fund services and capital markets, Pereira has worked for Citi, Canada Life, HSBC, Swift and B3 (Cetip).
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His most recent position has been advising and providing customised services to foreign private and institutional investors holding investments in Brazil.
A key development in Brazil’s funds market has been the adoption of CVM Resolution 175 which allows Brazilian investors to access a broader range of offshore fund products while also granting international investors greater access to the Brazilian funds market.
“Brazil is one of the largest and most important global players in the funds market with an industry net worth of over BRL8 trillion,” said Brian Godins, Calastone’s chief commercial officer.
“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.”
