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Innovation, Telecoms, Media and Technology

FT Paul Hastings Event Series: Tomorrow’s Global Business – São Paulo

Powering Brazil’s Future Growth

São Paulo |
Speakers include:
Henrique Meirelles

Henrique Meirelles

Minister of Finance, Government of Brazil

Pedro Parente

Pedro Parente

Petróleo Brasileiro (Petrobras)

Fernando Musa

Fernando Musa

Braskem

Overview

Brazil is at the cusp of a turnaround. Bolstered by the launch of a slew of economic reforms under the new market-friendly government of President Michel Temer, business and consumer confidence are at their highest levels for over two years, while Brazilian equities and the real have risen sharply amid signs that the economy might be bottoming out from the deepest recession since the 1930s. M&A activity is also up, as some state companies offload assets amid continuing corruption investigations. Meanwhile, inflation is finally slowing, which has given the central bank room to lower its benchmark interest rate from a high of 14.25 per cent.

The first key reform, a 20-year cap on public spending, was approved by Congress in late 2016, and the government has also pushed through a series of measures aimed at helping companies and consumers burdened by debt. Investors are now looking for momentum to continue with social security and labor reforms, as well as sector-specific changes such as the opening of ultra-deepwater oil exploration blocks to operators other than state-owned Petrobras.

Uncertainties remain, not least the potential opposition to pension and labor reforms, and the government and central bank must still find a way to put the economy on a sustainable growth path in an environment of extreme fiscal and monetary discipline. Meanwhile, a de-globalization cycle expected to be spurred by the new administration in the United States could hit Brazil’s exports, with negative effects on the currency.

This critical juncture in Brazil’s development, and its impact on business growth and financing, will be the focus of the fourth in a series of strategic forums being organized around the world by the Financial Times and Paul Hastings, looking at Tomorrow’s Global Business

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fallback Add to my Calendar 04/04/2017 16:00:0004/04/2017 18:40:00falseFT Paul Hastings Event Series: Tomorrow’s Global Business – São PauloBrazil is at the cusp of a turnaround. Bolstered by the launch of a slew of economic reforms under the new market-friendly government of President Michel Temer, business and consumer confidence are at their highest levels for over two years, while Brazilian equities and the real have risen sharply amid signs that the economy might be bottoming out from the deepest recession since the 1930s. M&A activity is also up, as some state companies offload assets amid continuing corruption investigations. Meanwhile, inflation is finally slowing, which has given the central bank room to lower its benchmark interest rate from a high of 14.25 per cent.The first key reform, a 20-year cap on public spending, was approved by Congress in late 2016, and the government has also pushed through a series of measures aimed at helping companies and consumers burdened by debt. Investors are now looking for momentum to continue with social security and labor reforms, as well as sector-specific changes such as the opening of ultra-deepwater oil exploration blocks to operators other than state-owned Petrobras.Uncertainties remain, not least the potential opposition to pension and labor reforms, and the government and central bank must still find a way to put the economy on a sustainable growth path in an environment of extreme fiscal and monetary discipline. Meanwhile, a de-globalization cycle expected to be spurred by the new administration in the United States could hit Brazil’s exports, with negative effects on the currency.This critical juncture in Brazil’s development, and its impact on business growth and financing, will be the focus of the fourth in a series of strategic forums being organized around the world by the Financial Times and Paul Hastings, looking at Tomorrow’s Global Business. FT-Paul-Hastings-Event-Series:-Tomorrow’s-Global-Business-–-São-Pauloa2fb7cdb4436a6c302906d312998d74bMM/DD/YYYY

VISÃO GERAL

Brasil na iminência de uma recuperação. Amparada pelo lançamento de uma série de reformas econômicas sob o novo governo “favorável ao mercado” do presidente Michel Temer, a confiança das empresas e dos consumidores registra os seus maiores níveis há mais de dois anos, enquanto as ações brasileiras e o real valorizaram-se acentuadamente em meio a sinais de que a economia pode estar saindo da recessão mais profunda desde a década de 1930. A atividade de fusões e aquisições (M&A) também está aumentando, conforme algumas empresas estatais vendem seus ativos em meio às investigações de corrupção em andamento. Enquanto isso, a inflação está finalmente desacelerando, o que deu espaço ao Banco Central para reduzir a sua taxa básica de juros de um nível máximo de 14,25 por cento.

A primeira reforma importante, a PEC (Proposta de Emenda à Constituição) 241, que estabelece um teto para os gastos públicos pelos próximos 20 anos, foi aprovada pelo Congresso no final de 2016, e o governo também vem tentando aprovar uma série de medidas destinadas a ajudar as empresas e os consumidores sobrecarregados pela dívida. Atualmente, os investidores esperam que essas medidas continuem, com a reforma da previdência e trabalhista, além de mudanças em setores específicos, como a abertura dos blocos de exploração de petróleo em águas ultraprofundas a outros operadores além da estatal Petrobrás.

As incertezas permanecem, assim como a oposição potencial às reformas da previdência e trabalhista, e o governo e Banco Central ainda precisam encontrar uma maneira de colocar a economia no caminho do crescimento sustentável em um ambiente de extrema disciplina fiscal e monetária. Enquanto isso, um ciclo de desglobalização, que deverá ser estimulado pela nova administração nos Estados Unidos, poderá atingir as exportações do Brasil, com efeitos negativos sobre a moeda.

Esta conjuntura crítica para o desenvolvimento do país, e seu impacto sobre o crescimento das empresas e do crédito, será o foco do quarto de uma série de fóruns estratégicos organizados em todo o mundo pelo Financial Times e pela Paul Hastings, analisando os Negócios Globais do Futuro.

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Agenda - 4th Apr

  • 4:00pm
    Registration

    Inscrição

  • 4:30pm
    Opening Remarks

    John Authers, Senior Investment Commentator, Financial Times

    Roberta Bassegio, Chair, São Paulo office, Paul Hastings

    Discurso de abertura

    John Authers, Comentarista de Investimentos Sênior do Financial Times

    Roberta Bassegio, Chair, São Paulo office, Paul Hastings

  • 4:40pm
    Keynote Address/Interview

    Henrique Meirelles, Minister of Finance, Government of Brazil

    Palestra principal/Entrevista

    Henrique Meirelles, O ministro da Fazenda

  • 5:10pm
    Special Presentation

    Pedro Parente, CEO, Petróleo Brasileiro

    Apresentacao Especial

    Pedro Parente, CEO, Petróleo Brasileiro

  • 5:25pm
    Panel Discussion

    Taisa Markus, Partner, Latin America Practice, Paul Hastings

    Fernando Musa, CEO, Braskem

    Roberto Sallouti, CEO, BTG Pactual

    Alessandro Zema, Co-Head of Investment Banking Brazil, Morgan Stanley

    Moderator: John Authers, Senior Investment Commentator, Financial Times

    Painel de discussão

    Taisa Markus, Socia, pratica da america latina , Paul Hastings

    Fernando Musa, CEO, Braskem

    Roberto Sallouti, CEO, BTG Pactual

    Alessandro Zema, Co-diretor de banca de investimento do brasil, Morgan Stanley

    Moderador: John Authers, Comentarista de Investimentos Sênior do Financial Times

  • 6:25pm
    Closing Remarks

    Encerramento

  • 6:30pm
    Cocktail Reception

    Coquetel de recepção

Speakers (6)

Henrique Meirelles

Henrique Meirelles

Minister of Finance, Government of Brazil

Henrique de Campos Meirelles was appointed Minister of Finance of Brazil on May 12, 2016, by President Michael Temer. He served as Governor of the Central Bank of Brazil from 2003 to 2010, during President Lula's administration. Mr Meirelles has had a 28-year career in the banking and financial sectors. He was President of BankBoston Corporation, which he joined in 1974; Chairman of Lazard Americas; Senior Advisor to Kohlberg Kravis Roberts (KKR); Chairman of the Advisory Board of Bedrock; Member of the Council of Lloyd’s of London; and Member of the Board of Directors of Azul Linhas Aéreas Brasileiras. Mr Meirelles was also a member of the Advisory Board of Harvard’s Kennedy School of Government, the Sloan School of Management at the Massachusetts Institute of Technology (MIT), and the Carroll School of Management at Boston College. Mr Meirelles was also the head of Associação Viva o Centro, an NGO he founded in the 1990s to spur the revitalization of the downtown area of São Paulo. In 2002, he was elected a Congressman in Brazil, representing the State of Goiás. He holds a Bachelor’s degree in Engineering from the University of São Paulo and an MBA from the Federal University of Rio de Janeiro.

Pedro Parente

Pedro Parente

CEO
Petróleo Brasileiro (Petrobras)

Pedro Pullen Parente has been President and CEO of Petróleo Brasileiro S.A. (Petrobras) since June 2016. Mr Parente started his career at Banco do Brasil, in 1971, and then worked at the Central Bank of Brazil. He was a consultant for the International Monetary Fund and public institutions in Brazil, including several State Departments and the 1988 National Constituent Assembly. Between 1999 and 2002, Mr Parente held several government positions, including Chief of Staff, Minister of Planning, Deputy Minister of Finance, Chairman of the Energy Crisis Management Chamber, and a member of the Board of Directors of Petrobras (becoming Chairman of the Board as of March 2002). He also led the team handling the transition from President Cardoso’s government to President Lula’s administration. Mr Parente has been Chairman or a member of the Board of Directors of several private and state-owned companies, including Banco do Brasil and CPFL, one of the biggest electricity generation and distribution companies in Brazil. He also served as Executive Vice President and Chief Operating Officer of the RBS Group, and President and CEO of Bunge Brazil. Since March 2015, he has been Chairman of the Board of Directors of BM&FBOVESPA. Mr Parente holds a graduate degree in Electrical Engineering from the University of Brasília.

Fernando Musa

Fernando Musa

CEO
Braskem

Fernando Musa is Chief Executive Officer of Braskem. From April 2012 to April 2016, he was in charge of the company’s business in the US and Europe. Before that, in 2011, he was Planning and Business Development Officer for Braskem, leading Strategic Planning, Procurement and Information Technology, and was also in charge of quantiQ, Braskem’s distributor of chemical products. Mr Musa joined Braskem in January 2010, as Planning and Integration Officer at Quattor (at the time of its acquisition by Braskem), where he was responsible for the integration into Braskem, leading the Financial, Procurement, Polymer Logistics and SAP Project areas. Previously, he held leadership positions at McKinsey & Company, Editora Abril and Monitor Group. Mr Musa holds a degree in Mechanical Engineering from the Aeronautics Technological Institute (Instituto Tecnológico da Aeronáutica - ITA) in São José dos Campos, Brazil, and an MBA from Insead, in Fontainebleau, France.

Taisa Markus

Taisa Markus

Partner, Latin America Practice
Paul Hastings

Taisa Markus is a Partner in the Latin America practice of Paul Hastings and is based in the firm’s New York office. Her practice handles cross-border securities offerings, cross-border bank finance and M&A, restructurings and general securities law matters. Ms Markus has significant experience representing both financial institutions and issuers particularly in the Latin American and European capital markets, as well as in-depth knowledge of Tier 1 and Tier 2 capital securities across jurisdictions. Ms Markus speaks and can conduct business in English, Spanish, Portuguese, Italian, French and Ukrainian.

Roberto Sallouti

Roberto Sallouti

CEO
BTG Pactual

Roberto Balls Sallouti is Chief Executive Officer of Banco BTG Pactual and BTG Pactual Participations. He is also a member of the Board of Directors of the two firms. Mr Sallouti joined Banco Pactual in 1994 and became a Partner in 1998. He served as joint head of Brazil local fixed income markets from 1999 to 2003, and as head of the international and emerging markets fixed income division from 2003 to 2006. During UBS’ ownership of Pactual from 2006 to 2008, and before BTG acquired UBS Pactual, Mr Sallouti was joint head of the emerging markets fixed income group, and joint head of the Latin America FICC group at UBS AG. Mr Sallouti has a Bachelor’s degree in Economics, with concentrations in finance and marketing, from the Wharton School at the University of Pennsylvania.

Alessandro Zema

Alessandro Zema

Co-Head of Investment Banking Brazil
Morgan Stanley

Alessandro Zema is Co-Head of Morgan Stanley´s Investment Banking Division in Brazil. He joined  Morgan Stanley in 2008 as Head of its Latin American Natural Resources´ coverage within the  Investment Banking Division, before transitioning to his current role in 2013. Prior to joining Morgan Stanley Brazil, Mr Zema was based in London and held executive positions with both Credit Suisse and Lehman Brothers. Mr Zema received his Bachelor´s degree in Business from the University o Sao Paulo and his MBA from the London Business School.

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Chair (1)

John  Authers

John Authers

Senior Investment Commentator
Financial Times

John Authers has been the Financial Times’ Senior Investment Commentator, based in New York, since September 2014. He writes The Long View and Smart Money columns, which examine long-term market trends, and also presents the Authers’ Note daily stream of videos. Previously, he was the global editor of Lex, the FT’s flagship daily opinion column, and before that the FT's investment editor, introducing the popular daily Short View video, and taking a leading role in shaping the FT’s coverage of the global financial crisis. Mr Authers joined the FT in 1990 and during his career has also served as its US markets editor, Mexico City bureau chief, US banking correspondent, UK education and local government correspondent, and personal finance correspondent. In 2009, he was named senior journalist of the year by the Wincott Foundation, He also won Best in Business awards from the Society of American Business Editors and Writers in 2008 and 2010 for his online video reports, and has twice been named the UK’s investment journalist of the year for national newspapers in the State Street Institutional Press Awards. Mr Authers holds an MBA from Columbia Business School and an MS from Columbia School of Journalism as a Knight-Bagehot Fellow. He holds a degree in Philosophy, Politics and Economics from University College, Oxford.

Why Attend / POR QUE PARTICIPAR

This high-level, invitation-only event will gather senior executives and legal counsel from leading Brazilian and international corporations, investors and financial institutions, as well as high profile economic strategists and advisors. Key topics to be discussed will include:

  • What challenges do corporate and financial investors face in optimizing the opportunities generated by Brazil’s reforms?
  • How can growth be revived in an environment of curbed public spending, higher taxes, high interest rates and still high inflation?
  • What policy moves and further reforms are necessary to overcome this challenge?
  • What options do businesses have to raise capital in the current environment?
  • What is the outlook for Brazil’s capital markets?
  • How will policies expected to be undertaken by the Trump administration affect Brazil?

Este evento de alto nível somente para convidados reunirá altos executivos e assessores jurídicos das principais empresas brasileiras e internacionais, investidores e instituições financeiras, e renomados estrategistas e assessores econômicos. Os principais temas a serem discutidos incluirão:

  • Quais desafios os investidores corporativos e financeiros enfrentam para otimizar as oportunidades geradas pelas reformas no Brasil?
  • Como o crescimento pode ser retomado em um ambiente de gastos públicos restringidos, impostos mais altos, altas taxas de juros e inflação ainda elevada?
  • Que medidas políticas e reformas adicionais são necessárias para enfrentar este desafio?
  • Quais opções as empresas têm para levantar capital no ambiente atual?
  • Quais são as perspectivas dos mercados de capitais do Brasil?
  • Como as políticas que devem ser adotadas pela administração Trump afetarão o Brasil?
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Who Attends / QUEM PARTICIPA

Attendance to this event is by invitation only and is designed for senior executives, general counsel, and other business leaders. Additional applicants will be considered subject to availability of seats and meeting the above criteria.

A participação neste evento é somente para convidados e o mesmo é destinado a altos executivos, assessores jurídicos e outros líderes empresariais. Candidatos adicionais serão considerados sujeitos à disponibilidade de vagas e devem atender os critérios acima.

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Organizers (2)

Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, the summits, conferences, awards and strategic forums organised by FT Live gather the world’s brightest minds and most influential decision-makers.

Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

Paul Hastings provides innovative legal solutions to many of the world’s top financial institutions and Fortune 500 companies in markets across Asia, Europe, Latin America, and the United States. We offer a global practice with the capacity and capability to deliver personalized service wherever our clients need us.

Venue

Casa Itaim
Rua Clodomiro Amazonas 907
Itaim Bibi
São Paulo 04537-012

Brazil

Tel: 55 11 3044 1090
Email: contato@casaitaim.com.br

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Contact Us

Marianne Ford
Media Partner and Press Enquiries
Financial Times
Funmbi Adenubi
Delegate Booking and Registration Enquiries
Financial Times
Jeff Wagner
Programme and Speaker Enquiries
Financial Times