Board

Roberto Correa Barbuti has been the CEO of Iguá Saneamento since August 2023. Bachelor’s degree in Administration, with a focus on Public Administration (FGV), and in Law with a focus on the Business Area (USP). He has an MBA focused on Finance and Entrepreneurship (INSEAD).
Over the last 4 years he was the CEO of Corsan, where he led a business repositioning process, which led to the first privatization of a sanitation company in Brazil.

Barbuti worked for more than 20 years in the Investment Banking market, having been responsible for this business area at institutions such as BankofAmerica Merrill Lynch, Santander and Safra, as well as Managing Director at UBS. Additionally, he worked as a Strategy Consultant and Venture Capital Analyst.

Felipe Rath Fingerl has been operating for over 13 years in different segments of the financial and capital markets, and for 3 years he has held the position of Chief Financial, Investor Relations and Administrative Officer at Iguá Saneamento. Founding partner of IG4 Capital, he served as investment director in Private Equity at the manager for 3 years, responsible for transactions involving turnaround and special opportunities in different sectors of the Brazilian economy, including the corporate and financial restructuring operation that gave rise to Iguá Saneamento. Between 2012 and 2016, in the infrastructure area of GP Investimentos, he conducted projects and investment analysis in the sectors of sanitation, airports, urban mobility, energy and telecom. He was also part of the Investment Banking teams of J.P. Morgan and Modal banks between 2009 and 2012, working in the areas of mergers & acquisitions and Equity Capital Markets for all of Latin America, based in São Paulo and New York. Graduated in economics from PUC-Rio.

Péricles Sócrates Weber has been performing in the sanitation sector for over 30 years. He held the directorate of the Environment and Social Initiative at the Companhia de Saneamento do Paraná – Sanepar. For Sanepar as well, he has served as the manager of operations of water and sewage systems, as the manager for the environment and quality, and as the engineer for bioenergy research. Former fellow of the British Council – United Kingdom, of the NUFFIC – The Netherlands, and of the Fulbright Commission – The United States.

Talita Caliman has had a solid career in strategic regulatory affairs. She joined Telefônica in 2006, as a regulation analyst with a focus on economic and financial themes. In 2007, she was transferred, already as a consultant, to the area of Strategic Planning where, in addition to the Regulatory Strategy, she performed with other strategic themes, such as M&A. In 2009, she took over the Management of Planning in the Directorate of Regulatory Strategy, under the challenge of handling structuring themes of the sector, as well as the incorporations of Vivo and GVT into the Group. In January 2016, she took over the Directorate of Regulatory Strategy, whilst being in charge of the negotiation the Terms of Conduct Adjustment with the Anatel, as well as the Review of the Regulatory Model with the Agency and the Ministry. She joined Iguá as the Executive Director of Regulatory and Institutional Affairs in April, 2020. She graduated in Public Administration at the Fundação Getúlio Vargas (EAESP), in 2005. Before her tenure at Telefonica | Vivo, she performed as a financial risk advisor and at Endeavor, where she started her career in the search and selection of entrepreneurs.

Juliano Heinen worked for several years as a lawyer in the private sector, coordinating administrative law litigation, focusing on regulation, tenders and contracts. In the public sector, he was a Public Defender in the State of Rio Grande do Sul as Attorney of the State of Rio Grande do Sul for more than 15 years, where he actively contributed to the formulation and advice of relevant public policies, and led teams in investigating and combating fraud. tax authorities as Sector Coordinator of the Secretariat for the Environment and Infrastructure. He has experience in consultancy and judicial action in strategic government projects, including privatizations and important regulatory milestones. He was a member of the Board of Directors of Companhia Rio-grandense de Saneamento – CORSAN. In the academic field, Mr. Juliano graduated in law and has a master’s degree from the University of Santa Cruz do Sul, as well as a PhD from the Federal University of Rio Grande do Sul, and has taught undergraduate and postgraduate classes in administrative law, in addition to giving lectures in national and international conferences, having published several works in the area of public law.

Mateus Renault atualmente ocupa cargo de Diretor sem designação específica como Chief Transformation & Business Development Office na Iguá. O executivo é especialista em projetos de melhoria de desempenho e iniciou sua carreira na companhia em 2018, onde assumiu posições de destaque nas fases de turnaround e crescimento. Antes da Iguá, Mateus atuou na reestruturação de Bancos e adquiriu sólida experiência no mercado financeiro, onde trabalhou em Investment Banking na Goldman Sachs e Equity Research no Banco Espirito Santo e Banco Fator. Mateus é formado em Economia pela Universidade de Brasília (UnB) e é Master in Business Administration pela Yale School of Management.

Péricles Sócrates Weber has been performing in the sanitation sector for over 30 years. He held the directorate of the Environment and Social Initiative at the Companhia de Saneamento do Paraná – Sanepar. For Sanepar as well, he has served as the manager of operations of water and sewage systems, as the manager for the environment and quality, and as the engineer for bioenergy research. Former fellow of the British Council – United Kingdom, of the NUFFIC – The Netherlands, and of the Fulbright Commission – The United States.

Mr. William Gomes Figueiredo has an MBA in Business Management from Fundação Getúlio Vargas (2011) and a degree in Civil Engineering from Universidade do Sul de Santa Catarina (2009). He was General Director of Águas Cuiabá S.A.; Chief Operating Officer of Águas Cuiabá S.A.; Investment Manager of Águas Cuiabá S.A.; Tubarão Saneamento: Investment Coordinator and Planning Engineer.

Mr. Lucas Tadeu Bergamim Arrosti has an MBA in Business Management from Fundação Getúlio Vargas (2020). Post-graduate degree in Occupational Safety Engineering from Universidade Federal de Minas Gerais (2013) and Bachelor’s degree in Environmental Engineering, Wastewater Treatment from Paulista State University (2009).
The director has served in the Iguá group since 2018 and was Investment Coordinator and Planning Engineer.

Paulo Mattos is Co-Founder, Managing Partner, CEO and Co-CIO of IG4 Capital. Prior to founding IG4 Capital, Paulo was a partner at RK Partners, a consulting firm specializing in debt restructurings and operational turnarounds, and Managing Director of GP Investments, a leading alternative investment firm in Latin America. At GP Investments, Paulo was Head of Investments in Infrastructure and Telecommunications and served on the Investment Committee (2012-2016). He was the founder of BR Towers S.A., the first major Brazilian independent cell tower company, in which he served as Chairman of the Board of Directors (2012 to 2014), which was later sold to the American Tower Corporation. Before joining GP Investments, Paulo was Executive Vice President of Business Strategy, Wholesale and Regulatory at Oi S.A. (2009-2012), the largest telecommunications company in Brazil at the time. At Oi, he served on the Executive Committee, the Financial Risk Committee and the Operations Committee. Paulo also worked at the National Bank for Economic and Social Development (BNDES) as Managing Director, in addition to being a member of the Credit and Investment Committee and Head of the Management Committee (2007-2009). Currently, Paulo is Chairman of the Board of Directors of Iguá Saneamento SA (2017-), one of the main private water and sanitation companies in Brazil, and Member of the Board of OPY Health SA (2019-), a healthcare company that provides infrastructure and logistics for hospitals and medical service operators, in which IG4 Capital is the controlling shareholder. Paulo is a venture capitalist and co-founder of Capital Lab Ventures, a platform formed with proprietary capital for venture capital investments focused on Telecommunications, Media and Technology – TMT. In addition, he is co-founder and member of the Board of Instituto Iguá, a non-profit social organization focused on promoting new technologies and education for sustainable access to water and sanitation. He is also a member of the Supervisory Board of the Associação Universitária Interamericana – AUI, a non-profit educational group that operates schools in Brazil. Paulo holds a J.D. and Ph.D. in Law from the University of São Paulo (USP), was a Fulbright Visiting Scholar at Yale University and is a Visiting Fellow at King’s College London. He is a permanent member of the Board of Partners of the Brazilian Center for Analysis and Planning – CEBRAP and a former associate professor at Fundação Getulio Vargas – FGV, think tanks of reference in public policy and business administration.

Gustavo Buffara is Co-Founder, Managing Partner, CFO and Co-CIO of IG4 Capital. Before founding IG4, he served as Managing Director of RK Partners, a consulting firm specializing in debt restructuring and operational recovery, and as Deputy Director of GP Investments. He has served on the Board of Directors of Iguá Saneamento S.A. since 2017, and is also a member of the Audit and Investment Committees and coordinator of the People Committee. Gustavo has also been a member of the Board of OPY Health since its inception. During his tenure at GP Investments, from 2012 to 2016, Gustavo was responsible for investments in the infrastructure and telecommunications sectors in Brazil. He was also part of the initial GP Investments team involved in the BR Towers transaction, responsible for structuring and executing the 100-day plan with statutory executives. Previously, he was a Senior Consultant at Bain and Company in São Paulo, leading strategy projects for multinationals in different industries / sectors, including financial services, credit and debit cards, insurance, airlines and oil and gas. In this role, he led projects in Brazil, Chile and Africa (2010-2012). Gustavo began his career at Telefónica, where he served from 2004 to 2010 as an executive in the areas of Planning, M&A and Regulatory Strategy. He also served temporarily as Competitive Intelligence Strategist as part of the Global COO team in Spain (2008-2009). Gustavo holds an MBA from IMD in Switzerland and a BA in Public Administration from EAESP-Fundação Getúlio Vargas (FGV).

Cleverson Aroeira da Silva is a lawyer who graduated at the Federal University of Espírito Santo, with an MBA from COPPEAD UFRJ. Mr. Cleverson has worked for over 18 years at BNDES, having extensive experience with Public-Private Partnerships and Public Concessions in the Infrastructure sector.

Martin Sebastian Berardi serves as Managing Director of CPP Investments’ Infrastructure and Sustainable Energies teams, where he has been since January 2014. Mr. Berardi works in the origination, execution, and asset management of several infrastructure and energy investments located in Latin America. Before joining CPP Investments, Mr. Berardi worked at Tenaris, a provider of tubular products and related services in the energy sector. Mr. Berardi holds a degree in industrial engineering from the Instituto Tecnologico de Buenos Aires and an MBA from Harvard Business School. Mr. Berardi is a member of the board of directors of Arco Norte and Pacifico Sur, highway concessions in Mexico, and an alternate member of the board of directors of IDEAL, a Mexican infrastructure company.

Jerson Kelman was President of Companhia de Saneamento Básico do Estado de São Paulo (SABESP), intervening part at Empresa Energética do Mato Grosso do Sul (ENERSUL), President of Grupo Light (2010-2012), Managing Director of Agência Nacional de Energia Elétrica (ANEEL – the Brazilian Electricity of Regulatory Agency) (2005-2008) and CEO of Agência Nacional de Águas (ANA – Brazilian National Water Agency) (2001-04). Prior to that, he was a researcher at Centro de Pesquisas de Energia Elétrica (CEPEL – Electrical Energy Research Center), Technical Director of Fundação Superintendência Estadual de Rios e Lagoas (SERLA-RJ – State Superintendence of Rivers and Ponds Foundation of Rio de Janeiro), advisor of the World Bank and partner at BR-Investimentos. He is a member of the Board of Directors of Operador Nacional do Sistema (ONS – National Electric System Operator), Member of the Advisory Council of Federação Brasileira de Bancos (FEBRABAN – the Brazilian Federation of Banks), member of the Board of Directors of Conselho Superior de Infraestrutura da Federação das Indústrias do Estado de São Paulo (FIESP – Superior Infrastructure Council of the Federation of Industries of the State of São Paulo), member of the Board of Trustees of Fundação Brasileira de Desenvolvimento Sustentável (FBDS – the Brazilian Foundation for Sustainable Development), Academia Nacional de Engenharia (ANE – National Academy of Engineering). He was a member of Conselho Nacional de Política Energética National (CNPE – National Council of Energy Policy), Conselho Nacional de Recursos Hídricos (CNRH – National Council of Water Resources), Conselho Nacional do Meio Ambiente (CONAMA – National Council for the Environment), Conselho Internacional da ABENGOA (International Council of ABENGOA) (Seville, Spain), the Advisory Council of UNESCO-IHE Institute for Water Education (Delft – Netherlands) and Comitê de Monitoramento do Setor Elétrico (CMSE – Committee for the Monitoring of the Electric Sector), the Board of Directors of Companhia de Saneamento Básico do Estado de São Paulo (SABESP), the Board of Directors of ELETROPAULO, the Board of Directors of Companhia de Seguros do Estado de São Paulo (COSESP), the Board of Directors of Associação Brasileira da Infraestrutura das Indústrias de Base (ABDIB – the Brazilian Association of Infrastructure and Basic Industries), the Task Force on Water Security of the Global Water Partnership (GWP) and the Organisation for Economic Co-operation and Development (OECD), the Scientific Committee of the World Water Week in Stockholm, the Electric Power Council of FIRJAN and the Advisory Council of the Global Water Practice of The World Bank. He was also a coordinator of the Analysis Committee of the Hydrothermal Power System that diagnosed the causes of rationing in 2001. Jerson earned an undergraduate degree in Civil Engineering with specialization in Hydraulics from the School of Engineering of the Rio de Janeiro State University (UFRJ) (1971), a Master’s degree in Civil Engineering from COPPE-UFRJ (1973) and a Ph.D. in Hydrology and Water Resources from the Colorado State University (1976). He is a Full Professor of the Hydraulics and Sanitation Department of UFRJ (1985). He is a commander of the Order of Rio Branco and the Order of Scientific Merit. He received medals of legislative merit from the House of Representatives and Legislative Assembly of Minas Gerais, the Bernardo Mascarenhas medal (ABCE 2006). He was granted the following awards: Flávio Terra Barth (2015, ABRH), Distinguished Alumni Award (2012, Colorado State University), Eminent Engineer (2010, Association of Former Students of the Polytechnical School) and King Hassan II World Water Prize (2003, World Water Council). He has been a professor of Water Resources of COPPE-UFRJ since 1974. He presided over (as advisor) and participated in dozens of master’s and doctoral committees. He is the author of the books “Cheias e Aproveitamentos Hidroelétricos” (Floods and Hydroelectric Power Plants) (1983) and “Desafios do Regulador” (Challenges of the Regulator) (2009), and over one hundred technical articles and chapters in specialized books, as well as dozens of articles published in major newspapers. He was the founder, director and president of the Brazilian Association of Water Resources (ABRH).

Vanessa Viana serves as a member of the board of directors of Iguá Saneamento S.A. and a member of the Sustainability Committee. Fund manager with more than twenty years of experience in Private Equity, M&A and Venture Capital, having structured private equity funds, debt and mezzanine investments in Latin America in co-investment with leading investment banks and Development Finance Institutions. Previously, Vanessa was co-founder and fund manager of Bradesco Private Equity, department of Banco Bradesco S.A. from 2011 to 2019. Prior to that, Ms. Viana held various roles at BMG Bank, Deloitte Touche Tohmatsu and Sakonnet Energy Trading from 2005 to 2011. She began her career as a risk consultant at Kroll Associates Brazil from 2001 to 2005. Ms. Viana holds a Master of Finance and Economics from the Fundação Getúlio Vargas, and a Master of MSc in Management of Information System and Digital Innovation from the London School of Economics and Political Science, a Bachelor of Economics from the University of South Santa Catarina, a Bachelor of Communication Studies from the Federal University of Rio de Janeiro.

Maria Silvia Bastos Marques holds a Bachelors’ degree in Public Administration, a Masters’ in Economics and a Ph.D. in Economics, all from Fundação Getulio Vargas (FGV). Previously, she was CEO at Goldman Sachs Brazil (2018-2019) and Banco Nacional de Desenvolvimento Econômico e Social – BNDES (2016-2017), where she also served at CFO (1992). Furthermore, she was CEO at Empresa Olímpica Municipal (2011-2016), Icatu Seguros (2007-2011) and Companhia Siderurgica Nacional (1999-2002). Between 2014 and 2016, Maria Silvia acted in the 2016 Rio Olympics Committee as Special Advisor to the Mayor. Currently, she serves as a director at Grupo Cataratas and Vallourec global board. Previously, she was at the Board of Directors of Goldman Sachs Brazil, Marsh McLennan Companies, Universidade Estacio, Light, Via Varejo, Arcelor Brazil, Peugeot, Embratel, GPA, Anglo American plc, BR Distribuidora, Petrobras, Souza Cruz and Vale.

Roberto Correa Barbuti has been the CEO of Iguá Saneamento since August 2023. Bachelor’s degree in Administration, with a focus on Public Administration (FGV), and in Law with a focus on the Business Area (USP). He has an MBA focused on Finance and Entrepreneurship (INSEAD).
Over the last 4 years he was the CEO of Corsan, where he led a business repositioning process, which led to the first privatization of a sanitation company in Brazil.

Barbuti worked for more than 20 years in the Investment Banking market, having been responsible for this business area at institutions such as BankofAmerica Merrill Lynch, Santander and Safra, as well as Managing Director at UBS. Additionally, he worked as a Strategy Consultant and Venture Capital Analyst.

Mr. Péricles holds a degree in chemical engineering from the Federal University of Paraná (1987) and a master’s degree in environmental engineering from Imperial College London (1993). Mr. Péricles has held the position of Chief Operating Officer of the Company since September 2017. Before joining Iguá, Mr. Péricles built his career at Companhia de Saneamento do Paraná – SANEPAR, where he held the positions of Manager of Solid Waste Management (May/2015-September/2017) and Director of Environment and Social Action (Jan/2011-May/2015).

Mr. Mateus holds a degree in Economics from the University of Brasília (2010). In addition, he holds an MBA from the Yale School of Management (2018). Regarding his professional experience, Mr. Mateus holds the position of New Business Director of the Company since January 2022 and previously held the positions of Director of Planning, Controllership and Strategy (Sep/2020-Jan/2022), Executive Manager of Planning, Controllership and Strategy (Jan/2019-Aug/2020) and Senior Manager of Strategic Planning (Jun/2018-Jan/2019). In addition, since May 2018, he has been working at IG4 capital as a Private Investment Professional. Prior to joining Iguá, Mr. Mateus work as a Performance and Reorganizations Specialist at Banco BV (Sep/2014-Aug/2016).

Heraldo Gilberto de Oliveira é graduado em Administração, Ciências Contábeis e mestrado em Contabilidade e Controladoria pela FEA-USP. Atualmente é membro do conselho de administração e do comitê de auditoria do China Construction Bank (Brasil) Banco Múltiplo S.A.; membro do comitê de auditoria da Companhia Energética de São Paulo – CESP e da Sendas Distribuidora S.A. (Assaí Atacadista). Anteriormente foi membro do conselho de administração e do comitê de auditoria da Companhia de Saneamento Básico do Estado de São Paulo – SABESP, do Banco Nossa Caixa S.A., membro do conselho fiscal da Suzano Holding S/A, entre outros outras empresas. Foi diretor do IBEF-SP e da Anefac. Atua na FIPECAFI (Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras) como coordenador da área de projetos (desde 1997).

Gustavo Buffara was a Senior Director at RK Partners (2016-2017) and became Managing Director at RKP Investimentos, renamed IG4 Capital in 2017. Before RK Partners, he was a Senior Associate at GP Investimentos (2012-2016), leading the infrastructure and telecom team. Prior to GP Investimentos, Gustavo worked at Bain & Company, working on several projects related to infrastructure and financial services. He started his career at Telefônica, where he worked as an executive in the areas of strategy, M&A and regulation, with positions in Brazil and Spain. Gustavo holds an MBA from IMD (Switzerland) and a degree in Public Administration from FGV-EAESP.

Jean Paul is a lawyer specialized in regulatory and economic law, with extensive expertise in the areas of sanitation, telecommunications and education, in addition to his practical experience with regulatory agencies and experience in the legal-regulatory coordination of concession and PPP projects. Since 2009 he has been a Professor at the Faculty of Law at the University of São Paulo (USP). He held the position of Legal Director at Iguá between 2017 and 2019.

Mr. Carlos da Costa Parcias Jr. served as Vice-President of Business Development and Member of the Executive Board of CPFL Energia from 2012 to 2020. In 2011 he was the Director of Investments in Energy at Camargo Correa. From 2004 to 2010, he had his own independent financial advisory firm, focusing on mergers and acquisitions and private equity transactions. Previously, Mr. Parcias held senior leadership positions in the financial sector: CEO of Icatu Gestão de Participações, focused on alternative investment management (2001 to 2003); Head of Investment Banking at Fleming Graphus (1998 to 2000); CEO of BBA-Capital Asset Management (1996 to 1998); Head of Capital Markets at BBA-Creditanstalt Bank (1993 to 1995); Executive Director at JP Morgan Brazil (1992 to 1993); Advisor to the Presidency of BNDES (1990 to 1992). He holds a master’s degree in Economics from Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio) and a bachelor’s degree in Economics from Universidade Federal do Rio de Janeiro.

Mr. Guillermo holds a bachelor’s degree in economics from the State University of Campinas (UNICAMP) and a doctorate in controllership and accounting from the School of Economics, Administration, Accounting and Actuarial Science of the University of São Paulo (FEA-USP). Currently, Mr. Guillermo is a full member of the fiscal council at Anima Holding S.A., CESP, CPqD, Companhia de Navegação Norsul, Assaí Atacadista. He is also vice technical coordinator and voting member of the Accounting Pronouncements Committee (CPC) and financial director of the CPC Support Foundation since March 2016. He also works in the academic area, as a doctoral professor at FEA-USP since 2014 and as a guest professor at the master’s degree program in management for competitiveness at Fundação Getúlio Vargas since 2017.

Lidiano de Jesus Santos is an accountant at BNDES since 2010 and currently works as an analyst in the Financial Policies Department, taking care of issues related to financial projections and simulations, with a focus on profitability and capital policies.

He has a degree in Accounting from Universidade do Grande Rio (2009), a Specialization in Financial Accounting from Universidade Federal do Rio de Janeiro (2011), and a Master’s in Accounting from the same institution (2013). He holds an international certification in IFRS from the Association of Chartered Certified Accountants (ACCA) and is currently pursuing a Master’s in Business Administration at the Business School of the Pontifical Catholic University of Rio de Janeiro (IAG/PUC-Rio).

In the last five years, he has held, in addition to the functions already mentioned, the positions of: (a) Head of the Human Resources Administration Department (b) Member of the Fiscal Council of the Social Security and Assistance Foundation of BNDES and (c) Manager in the Controller’s Department.

Ms. Renata has a Law degree from Candido Mendes University, an MBA in Operations from IE Business School, and an MBA from Kellogg School of Management. Currently, Ms. Renata is a managing partner at Integration Consulting, a strategy and management consulting firm focused on implementable solutions that leverage organizations, teams, and individuals. She has over 20 years of professional experience, having started her career at Ambev where she acted as HR Manager, later acting as HR Director at Oi Telecom, Grupo Carrefour, and Cyrela Brazil Realty, besides her performance as HR Vice President at Grupo Santander.

Heraldo Gilberto de Oliveira holds a bachelor’s degree in Business Administration and Accounting Sciences and a master’s degree in Accounting and Controllership from FEA-USP. He is currently a member of the board of directors and the audit committee of China Construction Bank (Brasil) Banco Múltiplo S.A.; member of the audit committee of Companhia Energética de São Paulo – CESP and of Sendas Distribuidora S.A. (Assaí Atacadista). He was previously a member of the board of directors and the audit committee of Companhia de Saneamento Básico does Estado de São Paulo – SABESP, of Banco Nossa Caixa S.A., member of the fiscal council of Suzano Holding S/A, among other companies. He was the director of IBEF-SP and Anefac. He works at FIPECAFI (Institute of Accounting, Actuarial, and Financial Research Foundation) as coordinator of the project area (since 1997).

Mrs. Maria is a business administrator graduated from the Federal University of Paraná with a solid background in the area of Human Resources. She have 19 years of experience as coordinator and leader of Human Resources in Brazil and abroad.

Paulo Mattos is the Co-Founder, Managing Partner, CEO, and Co-CIO of IG4 Capital. Before founding IG4 Capital, Paulo was a partner at RK Partners, a consulting firm specializing in debt restructuring and operational turnarounds, and Managing Director at GP Investments, a leading alternative investment firm in Latin America. At GP Investments, Paulo was Head of Investments in infrastructure and telecommunications and served on the Investment Committee (2012-2016). He was the founder of BR Towers S.A., the first large Brazilian independent cell tower company, in which he served as Chairman of the Board of Directors (2012 to 2014), which was subsequently sold to American Tower Corporation. Before joining GP Investments, Paulo was Executive Vice President of Business Strategy, Wholesale, and Regulatory at Oi S.A. (2009-2012), the largest telecommunications company in Brazil at the time. At Oi, he served on the Executive Committee, the Financial Risk Committee, and the Operations Committee. Paulo also worked at Banco Nacional de Desenvolvimento Econômico e Social (BNDES) as Superintendent Director, besides being a member of the Credit and Investment Committee and Head of the Management Committee (2007-2009). Currently, Paulo is Chairman of the Board of Directors of Iguá Saneamento SA (2017-), one of the leading private water and sanitation companies in Brazil, and a Board Member of OPY Health S.A. (2019-), a healthcare company that provides infrastructure and logistics to hospitals and medical service operators, in which IG4 Capital is the controlling shareholder. Paulo is a venture capitalist and co-founder of Capital Lab Ventures, a platform formed with proprietary capital for venture capital investments focused on Telecommunications, Media, and Technology – TMT. In addition, he is a co-founder and board member of Instituto Iguá, a non-profit social organization focused on promoting new technologies and education for sustainable access to water and sanitation. He is also a member of the Fiscal Council of the Associação Universitária Interamericana – AUI, a non-profit educational group that operates schools in Brazil. Paulo holds J.D. and Ph.D. degrees in Law from the University of São Paulo (USP), was a Fullbright Visiting Scholar at Yale University, and is a Visiting Fellow at King’s College London. He is a permanent member of the Board of Partners of the Brazilian Center for Analysis and Planning – CEBRAP and a former associate professor at Fundação.

Cleverson Aroeira da Silva is a lawyer who graduated at the Federal University of Espírito Santo, with an MBA from COPPEAD UFRJ. Mr. Cleverson has worked for over 18 years at BNDES, having extensive experience with Public-Private Partnerships and Public Concessions in the Infrastructure sector.

Martin Sebastian Berardi serves as Managing Director of CPP Investments’ Infrastructure and Sustainable Energies teams, where he has been since January 2014. Mr. Berardi works in the origination, execution, and asset management of several infrastructure and energy investments located in Latin America. Before joining CPP Investments, Mr. Berardi worked at Tenaris, a provider of tubular products and related services in the energy sector. Mr. Berardi holds a degree in industrial engineering from the Instituto Tecnologico de Buenos Aires and an MBA from Harvard Business School. Mr. Berardi is a member of the board of directors of Arco Norte and Pacifico Sur, highway concessions in Mexico, and an alternate member of the board of directors of IDEAL, a Mexican infrastructure company.

Vanessa Viana serves as a member of the board of directors of Iguá Saneamento S.A. and a member of the Sustainability Committee. She is a fund manager with over twenty years of experience in Private Equity, M&A, and Venture Capital, having structured private equity funds, debt, and mezzanine investments in Latin America in co-investment with top-tier investment banks and Development Finance Institutions. Previously, Vanessa was co-founder and fund administrator of Bradesco Private Equity, a department of Banco Bradesco SA from 2011 to 2019. Previously, Ms. Viana worked in private equity and M&A at Banco BMG, Deloitte Touche Tohmatsu, and Sakonnet Energy Trading from 2005 to 2011. She began her career as a risk consultant at Kroll Associates Brasil from 2001 to 2005. Ms. Viana holds a Master in Finance and Economics from Fundação Getúlio Vargas and a Masters in Information Systems Management and Digital Innovation from the London School of Economics and Political Science, a B.A. in Economics from Universidade do Sul de Santa Catarina, and a B.A. in Communication Studies from Universidade Federal do Rio de Janeiro.

Mr. Carlos da Costa Parcias Jr. served as Vice-President of Business Development and Member of the Executive Board of CPFL Energia from 2012 to 2020. In 2011 he was the Director of Investments in Energy at Camargo Correa. From 2004 to 2010, he had his own independent financial advisory firm, focusing on mergers and acquisitions and private equity transactions. Previously, Mr. Parcias held senior leadership positions in the financial sector: CEO of Icatu Gestão de Participações, focused on alternative investment management (2001 to 2003); Head of Investment Banking at Fleming Graphus (1998 to 2000); CEO of BBA-Capital Asset Management (1996 to 1998); Head of Capital Markets at BBA-Creditanstalt Bank (1993 to 1995); Executive Director at JP Morgan Brazil (1992 to 1993); Advisor to the Presidency of BNDES (1990 to 1992). He holds a master’s degree in Economics from Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio) and a bachelor’s degree in Economics from Universidade Federal do Rio de Janeiro.

Mrs. Gema is Telefónica’s Director of Sustainability in Spain. She has also been a member of the “Disruptive Council” of Telefónica, in Spain, since 2012. In 2016, she was awarded by the Global AR forum as one of the best analysts in the year of 2016.

Mr. Israel Aron Zylberman holds a degree in Metallurgical Industrial Engineering from Escola de Engenharia da Universidade Mackenzie, an International Executive MBA from FIA (Fundação Instituto de Administração) of FEA/USP, and a Specialization in Corporate Governance from IBGC. Mr. Israel Aron Zylberman has a diversified professional career, having been a director of a state-owned company, director of private companies, municipal secretary, consultant, and entrepreneur. He is currently a member of the Board of Directors of IBGC (Brazilian Institute of Corporate Governance), as well as Executive Director of Instituto Cyrela and Instituto CCP, and a professor of Ethics and Sustainability at FIA (Fundação Instituto de Administração) and FIPE – Fundação Instituto de Pesquisas Econômicas.

Maria Silvia Bastos Marques holds a Bachelors’ degree in Public Administration, a Masters’ in Economics and a Ph.D. in Economics, all from Fundação Getulio Vargas (FGV). Previously, she was CEO at Goldman Sachs Brazil (2018-2019) and Banco Nacional de Desenvolvimento Econômico e Social – BNDES (2016-2017), where she also served at CFO (1992). Furthermore, she was CEO at Empresa Olímpica Municipal (2011-2016), Icatu Seguros (2007-2011) and Companhia Siderurgica Nacional (1999-2002). Between 2014 and 2016, Maria Silvia acted in the 2016 Rio Olympics Committee as Special Advisor to the Mayor. Currently, she serves as a director at Grupo Cataratas and Vallourec global board. Previously, she was at the Board of Directors of Goldman Sachs Brazil, Marsh McLennan Companies, Universidade Estacio, Light, Via Varejo, Arcelor Brazil, Peugeot, Embratel, GPA, Anglo American plc, BR Distribuidora, Petrobras, Souza Cruz and Vale.

Gabriel Montagnini Ribeiro Gouveia is part of CPP Investments’ Infrastructure and Sustainable Energies teams, where he has been working since November 2018, acting in all stages of investment and asset management in Latin America . Previously, Mr. Montagnini had a career in strategic consulting, with stints at Boston Consulting Group and The Monitor Group, and most recently was a partner at private equity and venture capital manager Innova Capital, where he was responsible for the value creation practice. Mr. Montagnini holds a degree in aeronautical engineering from the University of São Paulo and a specialization in Private Equity from Oxford University.

Martin Kholmatov serves as a member of Igua’s Sustainability Committee representing AIMCo.  With over 20 years of experience split between the World Bank, a leading international financial institution, and AIMCo, one of the largest Canadian pension plans, Martin brings an in-depth understanding and experience in international financial, investment and development areas. As part of AIMCo’s Responsible Investment department, Martin is responsible for ESG and sustainability integration efforts across assets classes, including investment and post-investment management. Martin also has experience working for the government when he was part of the Ministry of Energy in Alberta, Canada, as a member of the International Energy Policy branch of the ministry reviewing-energy related foreign direct investments in Alberta. Martin holds a Master’s degree in development economics from Williams College (US) and a Bachelor’s degree in Economics from the Technological University of Tajikistan. 

Gustavo Buffara is Co-Founder, Managing Partner, CFO and Co-CIO of IG4 Capital. Prior to founding IG4, he served as Managing Director of RK Partners, a consulting firm specializing in debt restructuring and operational recovery, and as Deputy Director of GP Investments. He has been a member of the Board of Directors of Iguá Saneamento S.A. since 2017, in addition to being a member of the Audit and Investment Committees and coordinator of the People Committee. Gustavo has also been a member of the Board of OPY Health since its creation. During his tenure at GP Investments, from 2012 to 2016, Gustavo was responsible for investments in the infrastructure and telecommunications sectors in Brazil. He was also part of GP Investments’ initial team involved in the BR Towers transaction, responsible for structuring and executing the 100-day plan with statutory executives. Previously, he was a Senior Consultant at Bain and Company in São Paulo, leading strategy projects for multinationals in different sectors, including financial services, credit and debit cards, insurance, airlines and oil and gas. In this role, he led projects in Brazil, Chile and Africa (2010-2012). Gustavo started his career at Telefónica, where he worked from 2004 to 2010 as an executive in the areas of Planning, M&A and Regulatory Strategy. He also served temporarily as a Competitive Intelligence Strategist as part of the Global COO team in Spain (2008–2009). Gustavo holds an MBA from IMD in Switzerland and a BA in Public Administration from EAESP-Fundação Getúlio Vargas (FGV).

Jerson Kelman foi Presidente da Companhia de Saneamento Básico do Estado de São Paulo – SABESP, Interventor na Empresa Energética de Mato Grosso do Sul – ENERSUL, Presidente do Grupo Light (2010-2012), Diretor-Geral da Agência Nacional de Energia Elétrica – ANEEL (2005-2008) e Diretor-Presidente da Agência Nacional de Águas – ANA (2001-04). Anteriormente, havia sido pesquisador do Centro de Pesquisas de Energia Elétrica (CEPEL), Diretor Técnico da SERLA-RJ (Fundação Superintendência Estadual de Rios e Lagoas), consultor do Banco Mundial e sócio da BR-Investimentos. É membro do Conselho de Administração do Operador Nacional do Sistema – ONS, Consultivo da Federação Brasileira de Bancos – FEBRABAN, do Conselho de Administração do Conselho Superior de Infraestrutura da Federação das Indústrias do Estado de São Paulo – FIESP, do Conselho Curador da Fundação Brasileira de Desenvolvimento Sustentável – FBDS, da Academia Nacional de Engenharia – ANE. Foi membro do Conselho Nacional de Política Energética (CNPE), do Conselho Nacional de Recursos Hídricos (CNRH), do Conselho Nacional do Meio Ambiente (CONAMA), do Conselho Internacional da ABENGOA (Sevilha, Espanha), do Conselho Consultivo do Instituto de Hidráulica da UNESCO (Delft – Holanda) e do Comitê de Monitoramento do Setor Elétrico (CMSE), do Conselho de Administração da Companhia de Saneamento Básico do Estado de São Paulo – SABESP, do Conselho de Administração da ELETROPAULO, do Conselho de Administração da Companhia de Seguros do Estado de São Paulo – COSESP, do Conselho de Administração da Associação Brasileira da Infraestrutura das Indústrias de Base -ABDIB da Força Tarefa sobre Segurança Hídrica da Global Water Partnership – GWP e da Organisation for Economic Co-operation and Development – OECD, do Comitê Científico da Semana Mundial da Água em Estocolmo, do Conselho de Energia da FIRJAN e do Advisory Council of the Global Water Practice of The World Bank. Foi também coordenador da Comissão de Análise do Sistema Hidrotérmico de Energia Elétrica que diagnosticou as causas do racionamento de 2001.Jerson possui graduação em engenharia civil com especialização em hidráulica pela Escola de Engenharia da UFRJ (1971), Mestre em Engenharia Civil pela COPPE-UFRJ (1973) e Ph.D. em Hidrologia e Recursos Hídricos por Colorado State University (1976) e Docente Livre do Departamento de Hidráulica e Saneamento da UFRJ (1985). É comendador da Ordem do Rio Branco e da Ordem do Mérito Científico. Recebeu medalhas de mérito legislativo da Câmara dos Deputados e da Assembleia Legislativa de Minas Gerais, a medalha Bernardo Mascarenhas (ABCE 2006). É detentor dos seguintes prêmios: Flávio Terra Barth (2015, ABRH), o Distinguished Alumni Award (2012, Colorado State University), o título de Engenheiro Eminente (2010, Associação de Antigos Alunos da Politécnica) e o King Hassan II World Water Prize (2003, World Water Council). Desde 1974 é professor de Recursos Hídricos da COPPE-UFRJ. Presidiu (como orientador) e participou de dezenas de bancas de mestrado e doutorado. É autor dos livros “Cheias e Aproveitamentos Hidroelétricos” (1983) e “Desafios do Regulador” (2009), e de mais de uma centena de artigos técnicos e capítulos em livros especializados, bem como de dezenas de artigos publicados na grande imprensa. Foi fundador, diretor e presidente da Associação Brasileira de Recursos Hídricos (ABRH).

Vanessa Viana serves as a member of the board of directors of Iguá Saneamento S.A. and a member of the Sustainability Committee. Fund manager with more than twenty years of experience in Private Equity, M&A and Venture Capital, having structured private equity funds, debt and mezzanine investments in Latin America in co-investment with leading investment banks and Development Finance Institutions. Previously, Vanessa was co-founder and fund manager of Bradesco Private Equity, department of Banco Bradesco S.A. from 2011 to 2019. Prior to that, Ms. Viana held various roles at BMG Bank, Deloitte Touche Tohmatsu and Sakonnet Energy Trading from 2005 to 2011. She began her career as a risk consultant at Kroll Associates Brazil from 2001 to 2005. Ms. Viana holds a Master of Finance and Economics from the Fundação Getúlio Vargas, and a Master of MSc in Management of Information System and Digital Innovation from the London School of Economics and Political Science, a Bachelor of Economics from the University of South Santa Catarina, a Bachelor of Communication Studies from the Federal University of Rio de Janeiro.

Martin Sebastian Berardi is a Managing Director at CPP Investments’ Infrastructure and Sustainable Energies teams with a focus on Latin America, where he is responsible for originating, executing and managing investments across the transportation, utility, energy, water and telecom infrastructure sectors. Prior to joining CPP Investments in 2014, Sebastian worked for Tenaris as an engineer in various roles in the Oil & Gas and Steel manufacturing industries. Sebastian holds an Industrial Engineering Degree from Instituto Tecnológico de Buenos Aires and an MBA from Harvard Business School. In addition to being a member of Igua Saneamento’s board of directors, Sebastian is on the boards of Autopista Arco Norte and Autopista Guadalajara-Tepic in Mexico, an alternate member of the board of IDEAL, and as the chair of the Investment Advisory Committee of Transelec’s board in Chile.

Cleverson Aroeira da Silva is a lawyer who graduated from the Federal University of Espírito Santo, with an MBA from COPPEAD UFRJ. Mr. Cleverson has worked for over 18 years at BNDES, having extensive experience with Public-Private Partnerships and Public Concessions in the Infrastructure sector.

Maria Silvia Bastos Marques has a degree in Public Administration from FGV, with a master’s degree and a Ph.D. in Economics, both from FGV. Maria Silvia was President of Goldman Sachs Brazil (2018-2019) and the National Bank for Economic and Social Development – BNDES (2016-2017), where she also served as Financial Director (1992). Additionally, she was President of Empresa Olímpica Municipal (2011-2016), Icatu Seguros (2007-2011) and Companhia Siderurgica Nacional (1999-2002). Between 2014 and 2016, Maria Silvia worked on the Rio 2016 Olympic Committee as a Special Advisor to the City Hall. She is currently a member of the board of Grupo Cataratas and the global board of Vallourec. She was a member of the Boards of Directors of Goldman Sachs Brasil, Marsh McLennan Companies, Universidade Estacio, Light, Via Varejo, Arcelor Brasil, Peugeot, Embratel, GPA, Anglo American plc, BR Distribuidora, Petrobras, Souza Cruz and Vale.