Gersan Zurita SVP CSS Strategy Moody's Investors Service

Gersan Zurita is a Senior Vice President – Group Credit Officer at Moody’s InvestorsService, managing the development and implementation of credit policy in LatinAmerica. Gersan’s 25-year career in credit analysis and corporate banking encompasses a broad geography and wide scope of asset classes, including StructuredFinance as well as sovereign and sub- sovereign finance in the emerging markets, corporate finance in the US and infrastructure and project finance globally.

Prior to Moody’s, Gersan was with MBIA where he led the credit analysis for the team focused on transactions in Latin America. This includes the development of a new program, in collaboration with the IFC, to enhance the creditworthiness of project bonds issued in the local capital markets of Chile, Colombia and Peru.

Prior to MBIA, Gersan was 11 years with Fitch serving in various capacities, more recently in the Global Infrastructure and Project Finance Group

and member of the corporate finance credit policy committee. Gersan’s corporate banking career began at UBS in New York, where he structured loans and other credit facilities for electric utilities and other public service entities in the US.

Gersan received a M.S. from the School of Architecture at Pratt Institute and an MBA in Finance from The Wharton School of the University of Pennsylvania.

Atsi Sheth Managing Director, Global Head of Strategy & Research Moody's Investors Service

Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.

Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.

Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.

In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.

Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.

Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.

Samar Maziad Vice President - Senior Analyst, Sovereign Risk Group Moody's Investors Service

Dr. Samar Maziad is a Vice President and Senior Analyst at Moody’s Sovereign RiskGroup in New York. She is a lead credit risk analyst for a portfolio of Latin American sovereigns and multilateral development banks, including Brazil and others. Prior tojoining Moody’s, Dr. Maziad was a Senior Economist at the International MonetaryFund, where she covered a wide range of macroeconomic and financial stability issues in emerging markets including China and Latin America.

Dr. Maziad is a regular participant at high-profile market briefings, external conferences and media engagements related to Latin America and emerging markets. Ms. Maziad holds a Ph.D. in Economics from the University of St. Andrews in the UK.

Marianna Waltz Managing Director - Head of LatAm Ratings and Research Moody's Investors Service

Marianna Waltz is a Managing Director at Moody’s Investors Service and has joined the company in 2011. She currently runs Moody’s ratings teams in Latin America, including the Corporate Finance, Infrastructure, Banking and Sub-Sovereign groups across more than 15 countries. She is responsible for the development of MIS ratings and research opinions for the region’s fundamental ratings groups, and the delivery of services to issuers and market participants. Prior to assuming this role in January 2021, Marianna was the Managing Director responsible for Moody’s Corporate Finance team in Latin America. Marianna is also a member of the Board of Directors of Moody’s Local, an affiliate of Moody’s in Peru, Panamá, Bolivia, Argentina, Uruguay, and Brazil. Prior to joining Moody’s, Marianna developed a career as an equity sell side analyst covering mostly the Brazilian Consumer and Protein sectors. From 2008 to 2011, she was the head of sell-side equity research in the investment arm of Banco do Brasil in Sao Paulo. Marianna is a CFA charter holder and holds three master’s degrees, including an MBA in Finance from IBMEC Business School and an MBA in Marketing from Fundação Getúlio Vargas - FGV.

John Rodgerson CEO Azul Brazilian Airlines

John Rodgerson is the CEO of Azul Brazilian Airlines. He started the company in 2008 and was a key driver of its development over the last 10 years. Under the leadership of David Neeleman and John Rodgerson, Azul has become the largest airline in Brazil by number of cities, serving more than 100 destinations in the country. With over US$2.0 billion in annual revenue and more than 11,000 crewmembers, Azul has been rated by Trip Advisor as one of the top three airlines in the world.  John played a key role in developing Azul’s original business plan, its strong corporate culture, and differentiated customer experience. Prior to becoming Azul’s CEO in 2017, John was the airline´s CFO, responsible for raising over US$ 1 billion in capital and leading its IPO, with simultaneous listings at the New York Stock Exchange and the São Paulo Exchange. Prior to joining Azul, John served as Director of Planning and Financial Analysis at JetBlue from 2003 to 2008, where he fell in love with the airline sector. Before JetBlue, he worked for IBM Global Services. John holds a bachelor’s degree in Finance from Brigham Young University. John has been living in Brazil for the past 10 years, and besides his busy schedule as Azul’s CEO he volunteers as an English teacher. He is happily married with Brooke and together they have three sons.

Teresa Cristina Querino Vernaglia CEO BRK Ambiental Participações

For more than 25 years, Teresa Vernaglia has held leadership positions in multinational companies, in the areas of telecommunication and energy infrastructure, acquiring experience in the segment during its universalization process.

In May 2017, she became CEO of BRK Ambiental, the largest private company operating in sanitation business in Brazil.

Teresa is currently the United Nation Global Compact spokesperson for water & sanitation. She is also Member of the Leaders Council of CEBDS (Brazilian Business Council for Sustainable Development) and Board Member of Trata Brasil and ABIDB (Brazilian Association of Infrastructure and Basic Industries). President of ABCON (Brazilian Association of private Water and Waste-Water Concessionaries), Councillor at WILL (Women in Leadership in Latin America) and Member of the Leaders Council of Gerando Falcões.

In 2020, she was elected “Executive of the year” by Exame magazine and "Executive of the Year in the Infrastructure Sector" by Valor Econômico, the main business media in Brazil in 2021 and 2022.

Ceres Lisboa Associate Managing Director, Financial Institutions Moody's Investors Service

Ceres joined Moody’s in 2006 and is the Associate Managing Director - Latin American Banking.

Ceres came from Standard Bank - Brazil, where she was the RegionalCredit Officer for Latin American Financial Institutions. Ceres, a long-time Brazilian bank industry specialist, was also a credit analyst withBank of America’s Trading Group for over six years, and prior to that she worked for ABN AMRO (Brazil) and BankBoston (Brazil) as a credit analyst for the middle market sector. She holds a B.A. degree from Pontificia Universidade Católica - São Paulo and an MBA in Banking from Fundação Getúlio Vargas, Brazil.

Bruno Serra Fernandes Deputy Governor for Monetary Policy Banco Central do Brasil

Bruno Serra Fernandes is the Deputy Governor for Monetary Policy at Banco Central do Brasil. Prior to that, he was responsible for the proprietary fixed income desk at Banco Itaú Unibanco S/A. He also worked at BankBoston Asset Management from 2002 to 2006. Bruno holds a bachelor's degree in Economics from IBMEC/RJ and a Master's Degree in Economics from USP.

Marcos Schmidt Associate Managing Director, Corporate Finance Moody's Investors Service

Marcos Schmidt is a Vice President – Senior Credit Officer in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of media & telecommunication, airlines, and building materials companies in South America. Prior to joining Moody’s in 2014, Marcos worked at Morgan Stanley, Citibank and Deutsche Bank. Marcos received his bachelor’s degree in industrial engineering from Escola de Engenharia Maua in Brazil. He also holds an MBA from FIA - Fundacao Instituto de Administracao.

Barbara Mattos Senior Vice President, Corporate Finance Group Moody's Investors Service

Barbara Mattos is a Senior Vice President in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of Basic Industries companies, including mining, steel, pulp & paper and a few industrials in South America.

Prior to joining Moody’s in 2011, Barbara worked at FRAM Capital as an equity research analyst and at ABN Amro Bank in the strategic planning/investor relations team. She also worked for Wintershall AG and Cambridge Energy Research Associates in Cambridge, MA.

Barbara received both her bachelor’s degree in business administration and a master’s degree in accounting from Fundação Getulio Vargas in Brazill. She holds an MBA from the Yale Graduate School of Management in New Haven, CT. Barbara is a CFA Charterholder

Barbara Mattos Senior Vice President, Corporate Finance Group Moody's Investors Service

Barbara Mattos is a Senior Vice President in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of Basic Industries companies, including mining, steel, pulp & paper and a few industrials in South America.

Prior to joining Moody’s in 2011, Barbara worked at FRAM Capital as an equity research analyst and at ABN Amro Bank in the strategic planning/investor relations team. She also worked for Wintershall AG and Cambridge Energy Research Associates in Cambridge, MA.

Barbara received both her bachelor’s degree in business administration and a master’s degree in accounting from Fundação Getulio Vargas in Brazill. She holds an MBA from the Yale Graduate School of Management in New Haven, CT. Barbara is a CFA Charterholder

Marcos Schmidt Associate Managing Director, Corporate Finance Moody's Investors Service

Marcos Schmidt is a Vice President – Senior Credit Officer in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of media & telecommunication, airlines, and building materials companies in South America. Prior to joining Moody’s in 2014, Marcos worked at Morgan Stanley, Citibank and Deutsche Bank. Marcos received his bachelor’s degree in industrial engineering from Escola de Engenharia Maua in Brazil. He also holds an MBA from FIA - Fundacao Instituto de Administracao.

John Rodgerson CEO Azul Brazilian Airlines

John Rodgerson is the CEO of Azul Brazilian Airlines. He started the company in 2008 and was a key driver of its development over the last 10 years. Under the leadership of David Neeleman and John Rodgerson, Azul has become the largest airline in Brazil by number of cities, serving more than 100 destinations in the country. With over US$2.0 billion in annual revenue and more than 11,000 crewmembers, Azul has been rated by Trip Advisor as one of the top three airlines in the world.  John played a key role in developing Azul’s original business plan, its strong corporate culture, and differentiated customer experience. Prior to becoming Azul’s CEO in 2017, John was the airline´s CFO, responsible for raising over US$ 1 billion in capital and leading its IPO, with simultaneous listings at the New York Stock Exchange and the São Paulo Exchange. Prior to joining Azul, John served as Director of Planning and Financial Analysis at JetBlue from 2003 to 2008, where he fell in love with the airline sector. Before JetBlue, he worked for IBM Global Services. John holds a bachelor’s degree in Finance from Brigham Young University. John has been living in Brazil for the past 10 years, and besides his busy schedule as Azul’s CEO he volunteers as an English teacher. He is happily married with Brooke and together they have three sons.

Bruno Serra Fernandes Deputy Governor for Monetary Policy Banco Central do Brasil

Bruno Serra Fernandes is the Deputy Governor for Monetary Policy at Banco Central do Brasil. Prior to that, he was responsible for the proprietary fixed income desk at Banco Itaú Unibanco S/A. He also worked at BankBoston Asset Management from 2002 to 2006. Bruno holds a bachelor's degree in Economics from IBMEC/RJ and a Master's Degree in Economics from USP.

Teresa Cristina Querino Vernaglia CEO BRK Ambiental Participações

For more than 25 years, Teresa Vernaglia has held leadership positions in multinational companies, in the areas of telecommunication and energy infrastructure, acquiring experience in the segment during its universalization process.

In May 2017, she became CEO of BRK Ambiental, the largest private company operating in sanitation business in Brazil.

Teresa is currently the United Nation Global Compact spokesperson for water & sanitation. She is also Member of the Leaders Council of CEBDS (Brazilian Business Council for Sustainable Development) and Board Member of Trata Brasil and ABIDB (Brazilian Association of Infrastructure and Basic Industries). President of ABCON (Brazilian Association of private Water and Waste-Water Concessionaries), Councillor at WILL (Women in Leadership in Latin America) and Member of the Leaders Council of Gerando Falcões.

In 2020, she was elected “Executive of the year” by Exame magazine and "Executive of the Year in the Infrastructure Sector" by Valor Econômico, the main business media in Brazil in 2021 and 2022.

Atsi Sheth Managing Director, Global Head of Strategy & Research Moody's Investors Service

Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.

Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.

Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.

In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.

Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.

Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.

Gersan Zurita Vice President, Credit Standards Moody’s Investors Service

Gersan Zurita is a Senior Vice President – Group Credit Officer at Moody’s Investors Service, managing the development and implementation of credit policy in Latin America. Gersan’s 25-year career in credit analysis and corporate banking encompasses a broad geography and wide scope of asset classes, including Structured Finance as well as sovereign and sub- sovereign finance in the emerging markets, corporate finance in the US and infrastructure and project finance globally. Prior to Moody’s, Gersan was with MBIA where he led the credit analysis for the team focused on transactions in Latin America. This includes the development of a new program, in collaboration with the IFC, to enhance the creditworthiness of project bonds issued in the local capital markets of Chile, Colombia and Peru. Prior to MBIA, Gersan was 11 years with Fitch serving in various capacities, more recently in the Global Infrastructure and Project Finance Group and member of the corporate finance credit policy committee. Gersan’s corporate banking career began at UBS in New York, where he structured loans and other credit facilities for electric utilities and other public service entities in the US. Gersan received a M.S. from the School of Architecture at Pratt Institute and an MBA in Finance from The Wharton School of the University of Pennsylvania.

Samar Maziad Vice President - Senior Analyst, Sovereign Risk Group Moody's Investors Service

Dr. Samar Maziad is a Vice President and Senior Analyst at Moody’s Sovereign RiskGroup in New York. She is a lead credit risk analyst for a portfolio of Latin American sovereigns and multilateral development banks, including Brazil and others. Prior tojoining Moody’s, Dr. Maziad was a Senior Economist at the International MonetaryFund, where she covered a wide range of macroeconomic and financial stability issues in emerging markets including China and Latin America.

Dr. Maziad is a regular participant at high-profile market briefings, external conferences and media engagements related to Latin America and emerging markets. Ms. Maziad holds a Ph.D. in Economics from the University of St. Andrews in the UK.

Marianna Waltz Managing Director - Head of LatAm Ratings and Research Moody's Investors Service

Marianna Waltz is a Managing Director at Moody’s Investors Service and has joined the company in 2011. She currently runs Moody’s ratings teams in Latin America, including the Corporate Finance, Infrastructure, Banking and Sub-Sovereign groups across more than 15 countries. She is responsible for the development of MIS ratings and research opinions for the region’s fundamental ratings groups, and the delivery of services to issuers and market participants. Prior to assuming this role in January 2021, Marianna was the Managing Director responsible for Moody’s Corporate Finance team in Latin America. Marianna is also a member of the Board of Directors of Moody’s Local, an affiliate of Moody’s in Peru, Panamá, Bolivia, Argentina, Uruguay, and Brazil. Prior to joining Moody’s, Marianna developed a career as an equity sell side analyst covering mostly the Brazilian Consumer and Protein sectors. From 2008 to 2011, she was the head of sell-side equity research in the investment arm of Banco do Brasil in Sao Paulo. Marianna is a CFA charter holder and holds three master’s degrees, including an MBA in Finance from IBMEC Business School and an MBA in Marketing from Fundação Getúlio Vargas - FGV.

Ceres Lisboa Associate Managing Director, Financial Institutions Moody's Investors Service

Ceres joined Moody’s in 2006 and is the Associate Managing Director - Latin American Banking.

Ceres came from Standard Bank - Brazil, where she was the RegionalCredit Officer for Latin American Financial Institutions. Ceres, a long-time Brazilian bank industry specialist, was also a credit analyst withBank of America’s Trading Group for over six years, and prior to that she worked for ABN AMRO (Brazil) and BankBoston (Brazil) as a credit analyst for the middle market sector. She holds a B.A. degree from Pontificia Universidade Católica - São Paulo and an MBA in Banking from Fundação Getúlio Vargas, Brazil.

Gersan Zurita SVP CSS Strategy Moody's Investors Service

Gersan Zurita is a Senior Vice President – Group Credit Officer at Moody’s InvestorsService, managing the development and implementation of credit policy in LatinAmerica. Gersan’s 25-year career in credit analysis and corporate banking encompasses a broad geography and wide scope of asset classes, including StructuredFinance as well as sovereign and sub- sovereign finance in the emerging markets, corporate finance in the US and infrastructure and project finance globally.

Prior to Moody’s, Gersan was with MBIA where he led the credit analysis for the team focused on transactions in Latin America. This includes the development of a new program, in collaboration with the IFC, to enhance the creditworthiness of project bonds issued in the local capital markets of Chile, Colombia and Peru.

Prior to MBIA, Gersan was 11 years with Fitch serving in various capacities, more recently in the Global Infrastructure and Project Finance Group

and member of the corporate finance credit policy committee. Gersan’s corporate banking career began at UBS in New York, where he structured loans and other credit facilities for electric utilities and other public service entities in the US.

Gersan received a M.S. from the School of Architecture at Pratt Institute and an MBA in Finance from The Wharton School of the University of Pennsylvania.

Atsi Sheth Managing Director, Global Head of Strategy & Research Moody's Investors Service

Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.

Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.

Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.

In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.

Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.

Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.

Samar Maziad Vice President - Senior Analyst, Sovereign Risk Group Moody's Investors Service

Dr. Samar Maziad is a Vice President and Senior Analyst at Moody’s Sovereign RiskGroup in New York. She is a lead credit risk analyst for a portfolio of Latin American sovereigns and multilateral development banks, including Brazil and others. Prior tojoining Moody’s, Dr. Maziad was a Senior Economist at the International MonetaryFund, where she covered a wide range of macroeconomic and financial stability issues in emerging markets including China and Latin America.

Dr. Maziad is a regular participant at high-profile market briefings, external conferences and media engagements related to Latin America and emerging markets. Ms. Maziad holds a Ph.D. in Economics from the University of St. Andrews in the UK.

Marianna Waltz Managing Director - Head of LatAm Ratings and Research Moody's Investors Service

Marianna Waltz is a Managing Director at Moody’s Investors Service and has joined the company in 2011. She currently runs Moody’s ratings teams in Latin America, including the Corporate Finance, Infrastructure, Banking and Sub-Sovereign groups across more than 15 countries. She is responsible for the development of MIS ratings and research opinions for the region’s fundamental ratings groups, and the delivery of services to issuers and market participants. Prior to assuming this role in January 2021, Marianna was the Managing Director responsible for Moody’s Corporate Finance team in Latin America. Marianna is also a member of the Board of Directors of Moody’s Local, an affiliate of Moody’s in Peru, Panamá, Bolivia, Argentina, Uruguay, and Brazil. Prior to joining Moody’s, Marianna developed a career as an equity sell side analyst covering mostly the Brazilian Consumer and Protein sectors. From 2008 to 2011, she was the head of sell-side equity research in the investment arm of Banco do Brasil in Sao Paulo. Marianna is a CFA charter holder and holds three master’s degrees, including an MBA in Finance from IBMEC Business School and an MBA in Marketing from Fundação Getúlio Vargas - FGV.

John Rodgerson CEO Azul Brazilian Airlines

John Rodgerson is the CEO of Azul Brazilian Airlines. He started the company in 2008 and was a key driver of its development over the last 10 years. Under the leadership of David Neeleman and John Rodgerson, Azul has become the largest airline in Brazil by number of cities, serving more than 100 destinations in the country. With over US$2.0 billion in annual revenue and more than 11,000 crewmembers, Azul has been rated by Trip Advisor as one of the top three airlines in the world.  John played a key role in developing Azul’s original business plan, its strong corporate culture, and differentiated customer experience. Prior to becoming Azul’s CEO in 2017, John was the airline´s CFO, responsible for raising over US$ 1 billion in capital and leading its IPO, with simultaneous listings at the New York Stock Exchange and the São Paulo Exchange. Prior to joining Azul, John served as Director of Planning and Financial Analysis at JetBlue from 2003 to 2008, where he fell in love with the airline sector. Before JetBlue, he worked for IBM Global Services. John holds a bachelor’s degree in Finance from Brigham Young University. John has been living in Brazil for the past 10 years, and besides his busy schedule as Azul’s CEO he volunteers as an English teacher. He is happily married with Brooke and together they have three sons.

Teresa Cristina Querino Vernaglia CEO BRK Ambiental Participações

For more than 25 years, Teresa Vernaglia has held leadership positions in multinational companies, in the areas of telecommunication and energy infrastructure, acquiring experience in the segment during its universalization process.

In May 2017, she became CEO of BRK Ambiental, the largest private company operating in sanitation business in Brazil.

Teresa is currently the United Nation Global Compact spokesperson for water & sanitation. She is also Member of the Leaders Council of CEBDS (Brazilian Business Council for Sustainable Development) and Board Member of Trata Brasil and ABIDB (Brazilian Association of Infrastructure and Basic Industries). President of ABCON (Brazilian Association of private Water and Waste-Water Concessionaries), Councillor at WILL (Women in Leadership in Latin America) and Member of the Leaders Council of Gerando Falcões.

In 2020, she was elected “Executive of the year” by Exame magazine and "Executive of the Year in the Infrastructure Sector" by Valor Econômico, the main business media in Brazil in 2021 and 2022.

Ceres Lisboa Associate Managing Director, Financial Institutions Moody's Investors Service

Ceres joined Moody’s in 2006 and is the Associate Managing Director - Latin American Banking.

Ceres came from Standard Bank - Brazil, where she was the RegionalCredit Officer for Latin American Financial Institutions. Ceres, a long-time Brazilian bank industry specialist, was also a credit analyst withBank of America’s Trading Group for over six years, and prior to that she worked for ABN AMRO (Brazil) and BankBoston (Brazil) as a credit analyst for the middle market sector. She holds a B.A. degree from Pontificia Universidade Católica - São Paulo and an MBA in Banking from Fundação Getúlio Vargas, Brazil.

Bruno Serra Fernandes Deputy Governor for Monetary Policy Banco Central do Brasil

Bruno Serra Fernandes is the Deputy Governor for Monetary Policy at Banco Central do Brasil. Prior to that, he was responsible for the proprietary fixed income desk at Banco Itaú Unibanco S/A. He also worked at BankBoston Asset Management from 2002 to 2006. Bruno holds a bachelor's degree in Economics from IBMEC/RJ and a Master's Degree in Economics from USP.

Marcos Schmidt Associate Managing Director, Corporate Finance Moody's Investors Service

Marcos Schmidt is a Vice President – Senior Credit Officer in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of media & telecommunication, airlines, and building materials companies in South America. Prior to joining Moody’s in 2014, Marcos worked at Morgan Stanley, Citibank and Deutsche Bank. Marcos received his bachelor’s degree in industrial engineering from Escola de Engenharia Maua in Brazil. He also holds an MBA from FIA - Fundacao Instituto de Administracao.

Barbara Mattos Senior Vice President, Corporate Finance Group Moody's Investors Service

Barbara Mattos is a Senior Vice President in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of Basic Industries companies, including mining, steel, pulp & paper and a few industrials in South America.

Prior to joining Moody’s in 2011, Barbara worked at FRAM Capital as an equity research analyst and at ABN Amro Bank in the strategic planning/investor relations team. She also worked for Wintershall AG and Cambridge Energy Research Associates in Cambridge, MA.

Barbara received both her bachelor’s degree in business administration and a master’s degree in accounting from Fundação Getulio Vargas in Brazill. She holds an MBA from the Yale Graduate School of Management in New Haven, CT. Barbara is a CFA Charterholder

Barbara Mattos Senior Vice President, Corporate Finance Group Moody's Investors Service

Barbara Mattos is a Senior Vice President in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of Basic Industries companies, including mining, steel, pulp & paper and a few industrials in South America.

Prior to joining Moody’s in 2011, Barbara worked at FRAM Capital as an equity research analyst and at ABN Amro Bank in the strategic planning/investor relations team. She also worked for Wintershall AG and Cambridge Energy Research Associates in Cambridge, MA.

Barbara received both her bachelor’s degree in business administration and a master’s degree in accounting from Fundação Getulio Vargas in Brazill. She holds an MBA from the Yale Graduate School of Management in New Haven, CT. Barbara is a CFA Charterholder

Marcos Schmidt Associate Managing Director, Corporate Finance Moody's Investors Service

Marcos Schmidt is a Vice President – Senior Credit Officer in Moody’s Corporate Finance Group in São Paulo, Brazil, leading the credit analysis and rating process for a diversified portfolio of media & telecommunication, airlines, and building materials companies in South America. Prior to joining Moody’s in 2014, Marcos worked at Morgan Stanley, Citibank and Deutsche Bank. Marcos received his bachelor’s degree in industrial engineering from Escola de Engenharia Maua in Brazil. He also holds an MBA from FIA - Fundacao Instituto de Administracao.

John Rodgerson CEO Azul Brazilian Airlines

John Rodgerson is the CEO of Azul Brazilian Airlines. He started the company in 2008 and was a key driver of its development over the last 10 years. Under the leadership of David Neeleman and John Rodgerson, Azul has become the largest airline in Brazil by number of cities, serving more than 100 destinations in the country. With over US$2.0 billion in annual revenue and more than 11,000 crewmembers, Azul has been rated by Trip Advisor as one of the top three airlines in the world.  John played a key role in developing Azul’s original business plan, its strong corporate culture, and differentiated customer experience. Prior to becoming Azul’s CEO in 2017, John was the airline´s CFO, responsible for raising over US$ 1 billion in capital and leading its IPO, with simultaneous listings at the New York Stock Exchange and the São Paulo Exchange. Prior to joining Azul, John served as Director of Planning and Financial Analysis at JetBlue from 2003 to 2008, where he fell in love with the airline sector. Before JetBlue, he worked for IBM Global Services. John holds a bachelor’s degree in Finance from Brigham Young University. John has been living in Brazil for the past 10 years, and besides his busy schedule as Azul’s CEO he volunteers as an English teacher. He is happily married with Brooke and together they have three sons.

Bruno Serra Fernandes Deputy Governor for Monetary Policy Banco Central do Brasil

Bruno Serra Fernandes is the Deputy Governor for Monetary Policy at Banco Central do Brasil. Prior to that, he was responsible for the proprietary fixed income desk at Banco Itaú Unibanco S/A. He also worked at BankBoston Asset Management from 2002 to 2006. Bruno holds a bachelor's degree in Economics from IBMEC/RJ and a Master's Degree in Economics from USP.

Teresa Cristina Querino Vernaglia CEO BRK Ambiental Participações

For more than 25 years, Teresa Vernaglia has held leadership positions in multinational companies, in the areas of telecommunication and energy infrastructure, acquiring experience in the segment during its universalization process.

In May 2017, she became CEO of BRK Ambiental, the largest private company operating in sanitation business in Brazil.

Teresa is currently the United Nation Global Compact spokesperson for water & sanitation. She is also Member of the Leaders Council of CEBDS (Brazilian Business Council for Sustainable Development) and Board Member of Trata Brasil and ABIDB (Brazilian Association of Infrastructure and Basic Industries). President of ABCON (Brazilian Association of private Water and Waste-Water Concessionaries), Councillor at WILL (Women in Leadership in Latin America) and Member of the Leaders Council of Gerando Falcões.

In 2020, she was elected “Executive of the year” by Exame magazine and "Executive of the Year in the Infrastructure Sector" by Valor Econômico, the main business media in Brazil in 2021 and 2022.

Atsi Sheth Managing Director, Global Head of Strategy & Research Moody's Investors Service

Atsi Sheth is Managing Director and Global Head, Credit Strategy and Research.

Moody’s Credit Strategy & Research group includes global teams focused on Macroeconomic Research, Default & Ratings Analytics and Global Emerging Markets as well as regional credit strategy teams each focused on Asia-Pacific, the Americas, and EMEA.

Together these teams establish and articulate Moody’s house views on the trends that drive risk across countries, sectors and asset classes. They undertake in depth data driven analysis and leverage the expertise of ratings and research analysts across Moody’s to generate global, regional and sector insights on macro-economic, political, policy, technology and environmental, social and governance (ESG) risks.

In her capacity leading the group, Atsi also serves as a spokesperson on Moody’s analytic views, engaging with investors, the media and a wide range of public and private sector stakeholders.

Atsi is a long-time champion of Moody’s Diversity, Equity & Inclusion (DE&I) as well as our Corporate Social Responsibility (CSR) initiatives. She serves as co-chair of the CSR Thought Leadership & Solutions working group and the Senior Advisor to Moody’s Asian Leadership Initiative - a Multicultural Business Resource Group.

Prior to her current role, Atsi was Moody’s Chief Credit Officer for the Americas and before that Managing Director in Moody’s Sovereign Risk Group. She has also served as Chief Economist at Reliance Capital and taught courses on International Political Economy and Emerging Markets at Columbia University and Northwestern University. Atsi has a PhD from Northwestern University and a B.A. from Bombay University.

Gersan Zurita Vice President, Credit Standards Moody’s Investors Service

Gersan Zurita is a Senior Vice President – Group Credit Officer at Moody’s Investors Service, managing the development and implementation of credit policy in Latin America. Gersan’s 25-year career in credit analysis and corporate banking encompasses a broad geography and wide scope of asset classes, including Structured Finance as well as sovereign and sub- sovereign finance in the emerging markets, corporate finance in the US and infrastructure and project finance globally. Prior to Moody’s, Gersan was with MBIA where he led the credit analysis for the team focused on transactions in Latin America. This includes the development of a new program, in collaboration with the IFC, to enhance the creditworthiness of project bonds issued in the local capital markets of Chile, Colombia and Peru. Prior to MBIA, Gersan was 11 years with Fitch serving in various capacities, more recently in the Global Infrastructure and Project Finance Group and member of the corporate finance credit policy committee. Gersan’s corporate banking career began at UBS in New York, where he structured loans and other credit facilities for electric utilities and other public service entities in the US. Gersan received a M.S. from the School of Architecture at Pratt Institute and an MBA in Finance from The Wharton School of the University of Pennsylvania.

Samar Maziad Vice President - Senior Analyst, Sovereign Risk Group Moody's Investors Service

Dr. Samar Maziad is a Vice President and Senior Analyst at Moody’s Sovereign RiskGroup in New York. She is a lead credit risk analyst for a portfolio of Latin American sovereigns and multilateral development banks, including Brazil and others. Prior tojoining Moody’s, Dr. Maziad was a Senior Economist at the International MonetaryFund, where she covered a wide range of macroeconomic and financial stability issues in emerging markets including China and Latin America.

Dr. Maziad is a regular participant at high-profile market briefings, external conferences and media engagements related to Latin America and emerging markets. Ms. Maziad holds a Ph.D. in Economics from the University of St. Andrews in the UK.

Marianna Waltz Managing Director - Head of LatAm Ratings and Research Moody's Investors Service

Marianna Waltz is a Managing Director at Moody’s Investors Service and has joined the company in 2011. She currently runs Moody’s ratings teams in Latin America, including the Corporate Finance, Infrastructure, Banking and Sub-Sovereign groups across more than 15 countries. She is responsible for the development of MIS ratings and research opinions for the region’s fundamental ratings groups, and the delivery of services to issuers and market participants. Prior to assuming this role in January 2021, Marianna was the Managing Director responsible for Moody’s Corporate Finance team in Latin America. Marianna is also a member of the Board of Directors of Moody’s Local, an affiliate of Moody’s in Peru, Panamá, Bolivia, Argentina, Uruguay, and Brazil. Prior to joining Moody’s, Marianna developed a career as an equity sell side analyst covering mostly the Brazilian Consumer and Protein sectors. From 2008 to 2011, she was the head of sell-side equity research in the investment arm of Banco do Brasil in Sao Paulo. Marianna is a CFA charter holder and holds three master’s degrees, including an MBA in Finance from IBMEC Business School and an MBA in Marketing from Fundação Getúlio Vargas - FGV.

Ceres Lisboa Associate Managing Director, Financial Institutions Moody's Investors Service

Ceres joined Moody’s in 2006 and is the Associate Managing Director - Latin American Banking.

Ceres came from Standard Bank - Brazil, where she was the RegionalCredit Officer for Latin American Financial Institutions. Ceres, a long-time Brazilian bank industry specialist, was also a credit analyst withBank of America’s Trading Group for over six years, and prior to that she worked for ABN AMRO (Brazil) and BankBoston (Brazil) as a credit analyst for the middle market sector. She holds a B.A. degree from Pontificia Universidade Católica - São Paulo and an MBA in Banking from Fundação Getúlio Vargas, Brazil.