PEDRO RUDGE

Pedro has more than 25 years of experience with Brazilian Equities. From 2004 to 2008 was at IP as a member of the investment team. He became a partner in 2006. He was responsible for structuring investment vehicles and Corporate Governance analysis. From 2002 to 2004, he worked at Bradesco-Templeton as senior analyst focused on telecom and capital goods sectors and was personally involved in evaluating, conducting and divesting several investments of their closed-end fund-F.V.L. From 1996 to 2002, Mr.Rudge worked at Latinvest Asset Management as an equity trader and one of the portfolio managers. He has served as a member of the fiscal boards of-Embraco( Brazilian Whirlpool subsidiary), Tele Nordeste Celular Participações S.A. (TIM Nordeste), Trafo Equipamentos Elétricos S.A., Renner Participações S.A., Globex S.A., and is a non-executive Board Member of Springs Global. Pedro has a degree in Economics from Faculdade Candido Mendes and CPA-20 certification.