OREANDA-NEWS. December 7, 2011. In the Board of Directors Meeting held today Mr. GILBERTO BARSHAD FAIWICHOW, Executive Vice-President, was appointed as Investor Relations Officer to substitute Mrs. KATIA APARECIDA ROCHA MORONI that remains in the Company as Executive Vice-President acting in the areas of Funding, Trade Finance, Syndications and Financial Institutions.

Mr. Gilberto Barshad Faiwichow will accumulate the positions of Executive Vice-President responsible for Treasury and Investor Relations Officer.

Gil Faiwichow, engineer with a postgraduate degree in Business Management, has 25 years experience in the financial market, entering into the financial sector as a capital markets analyst at Capitaltec and Guilder, a brokerage firm linked to ING Bank. He was Chief Financial Officer and Treasurer of ING Bank until 1992, when he left the institution to found Banco Rendimento, where he was Managing and Financial Director as well as Director of Expertise Asset Management, a company belonging to the Group. In 2003, he founded Zoom Asset Management, merging with Black River in Brazil, where he remained until 2008. In 2009, he founded BRL Capital remaining at its Executive Board until early 2011 when he was elected Executive Vice-President of Banco Indusval S.A.