Stewardship News
Petros adheres to the Amec Stewardship Code
Daniel Lima, Petros’ CIO, formalizes the adherence to the Amec Stewardship Code, together with the association’s CEO, Mauro Rodrigues da Cunha
Petros formalized its adherence to the Amec Stewardship Code during the Amec Investors Forum, held in São Paulo, on August 22. At the event, Daniel Lima, Petros’ CIO, highlighted that the adherence reinforces the entity’s commitment to the governance principles. “We want more people to supervise our work,” he declared, recognizing that the foundation has already made a self-critical analysis and has been striving to improve its practices.
Petros is Latin America’s second largest pension fund and the country’s largest multisponsored fund, with $ 81 billion in assets under management. With it, the Amec Stewardship Code now has 17 signatories, among which two foundations – Funcef and Funcesp also signed the document that gathers principles and guidelines on the best ways to meet fiduciary duties.
Note: On September 27 th, Petros announced that Mr. Lima would become the fund’s CEO, replacing Mr. Walter Mendes.
Stewardship issues and the self-regulation of pension funds discussed during Abrapp’s Pension Fund Congress
Mauro Rodrigues da Cunha (on the right) during the Brazilian Congress of Closed Pension Funds, held in Florianópolis
Amec was present in the 39th Brazilian Congress of Closed Pension Funds, promoted by the Brazilian Association of Pension Funds (Abrapp) in the city of Florianópolis, Santa Catarina, from September 10 to 12. Invited by the organizers, the association participated in the “Self-regulation in Closed Complementary Pension Funds – Paths, Developments and Perspectives” debate. Mauro Rodrigues da Cunha, Amec’s CEO, recalled Abrapp’s support to the Amec Stewardship Code, in addition to the complementary nature of the Code and the self-regulation of investment activities created by Abrapp.
Several representatives of pension funds showed great interest in the Code and requested additional information about it.
