Mr. Reinaldo Le Grazie has a degree in Public Administration from Fundação Getúlio Vargas with executive extension from INSEAD. In recent years, he worked at the Central Bank of Brazil, as a Chief Monetary Policy Officer.Before that, he was CIO and CEO of BRAM – Bradesco Asset Management, Member of the Board of Directors of CETIP, and Vice-President of ANBIMA. He was a partner at Nitor and Proventus Invest and Consultant in Secondary Markets for Sovereign and Private Securities projects at the Inter-American Development Bank (IDB). He was also Chief Treasury Executive Officer at Lloyds Bank PLC. The administrator above declares that in the last 5 years he has not had any criminal conviction; any conviction in any CVM administrative proceedings and penalties applied; and/or any final and unappealable conviction, in the judicial or administrative sphere, that had the effect of suspension or disqualification for the practice of any professional or commercial activity.