Fund Management in Brazil is among the industries that are tightly regulated by government legislation. Falling under the Brazilian Securities Commission (CVM), this sector which is very competitive is under strict watch to ensure that the players do not use unfair practices against each other. Recently, the Securities Commission proposed new rules for the management of investments, which will apply to investment advisors, administrators and managers. The move by the Commission is intended to address threefold policy issues that will ensure investment management best practices.
Some of the highlights of the proposed new regulations include updating some aspects of the present rules targeting managers such as requirements and procedures for obtaining authorization. Other changes are meant to create systems enabling managers of investment funds to distribute investment fund shares under their management, and lastly, to introduce more requirements touching on rules of internal control and conduct, and disclosure of information of which some aspects are from the Brazilian Association of Finance and Capital Market Entities (ANBIMA). Main innovations contained in the draft are; share distribution of the funds under the administration of investment managers, maintaining and obtaining the authorization of CVM to act as investment managers and promulgation of risk management policies among others.
A leading proponent of the new regulations is Casio Audi who is a result-driven senior manager with excellent professional credentials. An open, action-oriented, and straight forward executive, Casio’s core qualifications include; Resource Management, Controllership and decision support, Business Planning, Modeling and Analysis, Growth Strategy Development, IPO, Fundraising, M&A & Investor Relations, and Accounting & Financial Management. He has enjoyed a long career of over 23 years in public and private companies. His vast experience in finance has enabled him to work with private equity funds, start-ups, multi-billion international organizations and turn-around cases. He enjoys a track record of streamlining businesses and leading them to greater profitability and efficiency.
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