SulAmérica

Patrick Antonio Claude de Larragoiti Lucas has been a member of the Board of Directors of Sul America S.A since 1997, and also a member of the Board of Directors of the subsidiaries since 1998 and President of the Investments, Compensation and Governance and Disclosure Committees. Joined Sul America S.A. in 1987, being the President of the Company since 1998 and its subsidiaries since 1999. Counselor of Geneva Association since 1999, council president of the Supplementary Health Institute and first vice-president of CNSeg, being also a member of the board of directors of Unibanco Holding. In 1987, worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, worked at the market capital department of Chase Manhattan Bank in Sao Paulo and New York. Graduated in Business Administration by Getulio Vargas Foundation, in Sao Paulo.

Carlos Infante Santos de Castro has been a member of the Board of Directors of Sul America S.A., which is a member since 2006, and member of Investments Committee since 2002. Currently, is president of Sul America Capitalizacao S.A. - Sulacap, member of the board of directors of Brasilcap Capitalizacao and Caixa Capitalizacao. Occupied position as Corporative vice-president and Financial vice-president, as well as vice-president and member of board of directors of several controlled companies of SulAmerica group, in the area of insurance of casualty, health, social security, life and capitalization. He was a president of GTE-Multitel and Executive Officer of new business of Cataguazes-Leopoldina Group in Rio de Janeiro. Graduated in Electrical Engineer by Catholic University of Rio de Janeiro, holds a MBA and Master of Sciences in Production Engineering by University of Stanford, USA.

Guilherme Affonso Ferreira has been a member of the Board of Directors of Sul America S.A. since March, 2010 and a member of Compensation Committee since November, 2010. President of Bahema Participacoes S.A. since 1975. For the last Five years served as member of the board of directors of the following companies: Unibanco Holding, Submarino S.A. e-business company, Santista Têxtil, Unibanco - Uniao de Bancos Brasileiros S.A., B2W e-business company, and Avipal a company directed at the production of meat, milk and by-products. Currently is a member of the board of directors of Eternit, a mining and building materials company, of Rio Bravo Investments, Tavex a textile industry company and Pao de Acucar, dedicated to retail, being also a member of the Advisory Board of Signatura Lazard an investment bank. He also works with philanthropic companies such as Instituto de Cidadania Empresarial, Lar Escola Sao Francisco and Campinas Orthopedic Institute. Graduated in Production Engineer by Escola Politecnica - USP, and also coursed Economics and Politics and the Macalester College. Complies with the requirements of independence established in Bovespa‘s Level 2 Distinguished Practices of Corporate Governance.

Isabelle Rose Marie de Ségur Lamoignon has been a member of Sul América S.A.’s Board of Directors since 1997 and a member of the Board of Directors of subsidiaries since 2005. She has been a Director of Sulasa Participações S.A. since 1993 and a member of Sul América Capitalização S.A. - Sulacap’s Board of Directors since 2002. She participated in the Strategy Committee from 1998 to 2002 and participated in the Management Development Program ("PDG") in Rio de Janeiro in 1993 and 1994.

Jorge Hilário Gouvêa Vieira has been a member of Sul América S.A.’a Board of Directors since 1996 and of its Auditing Committee since 2002. He was Finance Secretary for Rio de Janeiro State from 1987 to 1990, chairman of the National Private Insurance Council from 1985 to 1987, member of the National Monetary Council from 1985 to 1987 and from 1979 to 1981, a board member at the Rio de Janeiro Stock Exchange from 1983 to 1985 and chairman and executive officer of the Brazilian Securities and Exchange Commission from 1979 to 1981 and 1977 to 1979, respectively. He was the vice-president of ABRASCA from 1981 to 1985 and member of its Board of Directors in 1995. In addition, he was a trustee of the Brazilian Capital Markets Institute - IBMEC and member of the Board of Directors of Companhia Brasileira de Petróleo Ipiranga, MBR - Mineração Brasileiras Reunidas S.A., Generali do Brasil - Companhia Nacional de Seguros, White Martins S.A., MRS Logística S.A., Caemi Mineração e Metalurgia S.A., VARIG - Viação Aérea Rio Grandense, Viva-Cred and IRB-Brasil Resseguros S.A. He is currently a partner at Gouvêa Vieira Advogados and member of the Board of Directors of Boa Esperança S.A. He has a degree in law from Pontifical Catholic University of Rio de Janeiro and a master’s in law from the University of California at Berkeley.

Pierre-Claude Perrenoud has been a member of the Board of Directors of Sul América S.A. since 2000. From 1960 to 1990, he held several positions at Swiss Re and was responsible for its operations in Latin America and other countries. Currently, he sits on the board of captive insurers and reinsurers in several countries. He has a degree in business administration from Neuchatel Business School in Switzerland and in Hispanic studies from the University of Madrid. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

Robert William Crispin has been the vice-chairman of Sul América S.A.’s Board of Directors since 2006, having been a member of its Compensation Committee from 2005 to 2008. From 2001 to 2007 he was chairman of the Board of Directors and CEO of ING Investment Management LLC and member of ING’s Executive Management Team for the Americas, responsible for all ING‘s insurance and investment management activities in the Americas. During the last 35 years he has worked in insurance and financial services companies, leading several business units like investment, finance, distribution, reinsurance, international operations and technology. He earned an MBA from the University of Connecticut and is also a chartered financial analyst.

Roberto Teixeira da Costa has been a member of the Board of Directors of Sul América S.A. since 1999, serving on the Compensation Committee since 2002 and on the Auditing and Governance and Disclosure committees since 2008. He was the international president of the Latin American Business Council - CEAL from 1998 to 2000 and the first President of the Brazilian Securities and Exchange Commission. He was Trustee of the International Accounting Standards Committee Foundation - IASCF from its foundation in 2001 until 2007. He served as a member of the Board of Directors of the Inter-American Dialogue in Washington, D.C., of which he is currently a member. He serves as the chairman of the BM&FBovespa Arbitration Chamber, member of the BNDESPAR - BNDES Participações S.A. Board of Directors and a member of the advisory boards of HVS - Consultoria e Participações, Bunge Alimentos, Companhia Brasileira de Distribuição (Pão de Açúcar) and Banco Latinoamericano de Exportaciones S.A. He has a degree in economics from the Rio de Janeiro Federal University and is a founding partner and current board member of the Brazilian Center for International Relations - CEBRI and member of the International Conjuncture Analysis Group- GACINT at the University of São Paulo. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

Carlos José da Silva Azevedo has been a member of the Audit Committee since March 2010, being its President since November 2010. He served SulAmérica from 1998 to 2003 as executive vice president of several group companies. In this period, he also served as a member of the Boards of Directors of some of the Company’s subsidiaries, as well as on SulAmérica’s Executive Committee. From 1967 to 1998 was a partner at Arthur Andersen, responsible for its Rio de Janeiro office. Currently, he is a consultant for the Audit Committee at MMX Mineração e Metálicos and member of the IBEU Advisory Committee.

Jorge Augusto Hirs Saab is a member of the Company‘s Auditing Committee since 2009. Since 2008, Mr. Saab has worked at Rio Bravo Investimentos in the Variable Income Funds division, specializing in value and activism. He worked for more than four years at UBS Pactual and Unibanco, in addition to working in the Credit, Structured Operations and Leveraged Finance divisions of Brascan and Coimex Trading.

Jorge Hilário Gouvêa Vieira has been a member of Sul América S.A.’a Board of Directors since 1996 and of its Auditing Committee since 2002. He was Finance Secretary for Rio de Janeiro State from 1987 to 1990, chairman of the National Private Insurance Council from 1985 to 1987, member of the National Monetary Council from 1985 to 1987 and from 1979 to 1981, a board member at the Rio de Janeiro Stock Exchange from 1983 to 1985 and chairman and executive officer of the Brazilian Securities and Exchange Commission from 1979 to 1981 and 1977 to 1979, respectively. He was the vice-president of ABRASCA from 1981 to 1985 and member of its Board of Directors in 1995. In addition, he was a trustee of the Brazilian Capital Markets Institute - IBMEC and member of the Board of Directors of Companhia Brasileira de Petróleo Ipiranga, MBR - Mineração Brasileiras Reunidas S.A., Generali do Brasil - Companhia Nacional de Seguros, White Martins S.A., MRS Logística S.A., Caemi Mineração e Metalurgia S.A., VARIG - Viação Aérea Rio Grandense, Viva-Cred and IRB-Brasil Resseguros S.A. He is currently a partner at Gouvêa Vieira Advogados and member of the Board of Directors of Boa Esperança S.A. He has a degree in law from Pontifical Catholic University of Rio de Janeiro and a master’s in law from the University of California at Berkeley.

Timothy Scott Mackenzie has been a member of the Company‘s Auditing Committee since 2006, and since 2005 he has held positions on boards of directors of different Group companies. Before joining ING Group, where Mr. Mackenzie is currently head of the Financial Department for ING Latin America, in 2000, he worked at Milliman & Robertson, Inc. as a consulting actuary (1989-1996) and at Confederation Life as U.S. individual valuation manager (1982-1989). He earned a degree from Canada‘s University of Waterloo in 1982.

Walter Iorio is a member of the Company‘s Auditing Committee since 2008. From 1966 to 2005, he worked at KPMG, where he served as the partner in charge of audits of financial institutions and insurance firms and as Coordinator of Financial Services operations until 1997. He is a member of the Financial Institutions Specialists Work Group of the Brazilian Institute of Independent Auditors (IBRACON), which, in conjunction with the Brazilian Central Bank, elaborates regulations relative to auditing and accounting procedures. He served as Coordinator of the Internal Control Board of the São Paulo State Regional Accounting Council (CRC-SP) from 2006 a 2009. Since 2006, he has served as President of the Auditing Committees of Tokio Marine Brasil Seguradora S.A. and Tokio Marine Seguradora S.A. He has also been the Head Superintendent of KPMG PREV - Sociedade de Previdência Privada since 2000. In 2007 and 2008 he served on the Board of Directors of Banco Indusval S.A. Mr. Iorio earned a degree in accounting from the Álvares Penteado Foundation‘s São Paulo School of Economic Sciences in 1969.

Patrick Antonio Claude de Larragoiti Lucas has been a member of the Board of Directors of Sul America S.A since 1997, and also a member of the Board of Directors of the subsidiaries since 1998 and President of the Investments, Compensation and Governance and Disclosure Committees. Joined Sul America S.A. in 1987, being the President of the Company since 1998 and its subsidiaries since 1999. Counselor of Geneva Association since 1999, council president of the Supplementary Health Institute and first vice-president of CNSeg, being also a member of the board of directors of Unibanco Holding. In 1987, worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, worked at the market capital department of Chase Manhattan Bank in Sao Paulo and New York. Graduated in Business Administration by Getulio Vargas Foundation, in Sao Paulo.

Arthur John Kalita is an alternate member of Sul América S.A.’s Board of Directors, where he has served since 2006, having been a member of its Investment Committee from 2002 to February of 2008. Before joining the ING Group, where he is currently investment advisor for Latin America, he worked at J.P. Morgan and Company from 1982 to 1998, in the Public Securities Association as an officer from 1978 to 1982 and at the Power Authority of the State of New York from 1976 to 1978. He has degrees from Hamilton College and Albany Law School - Union University.

Carlos Infante Santos de Castro has been a member of the Board of Directors of Sul America S.A., which is a member since 2006, and member of Investments Committee since 2002. Currently, is president of Sul America Capitalizacao S.A. - Sulacap, member of the board of directors of Brasilcap Capitalizacao and Caixa Capitalizacao. Occupied position as Corporative vice-president and Financial vice-president, as well as vice-president and member of board of directors of several controlled companies of SulAmerica group, in the area of insurance of casualty, health, social security, life and capitalization. He was a president of GTE-Multitel and Executive Officer of new business of Cataguazes-Leopoldina Group in Rio de Janeiro. Graduated in Electrical Engineer by Catholic University of Rio de Janeiro, holds a MBA and Master of Sciences in Production Engineering by University of Stanford, USA.

Domingos Carelli Neto is a member of the Company‘s and Sulasapar‘s Investments Committees since 2009. Mr. Carelli has worked in the areas of management, operations and controllership of financial groups since 1968, having served as Vice President of Bank Boston (1975-1985), as a Director at Banco Crefisul (1985-1988) and as Executive Vice President of Banco Sul América and of Sul América Investimentos DTVM (1988-2004). He earned a degree in production engineering from the Polytechnic University of São Paulo in 1967 and has completed several complementary and specialty area programs at the Getúlio Vargas Foundation.

Kevin Martins da Silva has served on the Company‘s Investments Committee since 2003 and on the Governance and Disclosure Committee since 2008. He served as Sul América S.A.‘s Executive Vice President of Finance from July of 2007 to May of 2008. He was Vice President of Corporate and Strategic Development at ING Latin America from 2002 to 2007. Since 1997, Mr. Silva has worked for several companies associated with or belonging to the ING group. He has also served as Vice Chairman of the Board of Directors of some of Sul América S.A.‘s subsidiaries (2002-2008). Before joining ING in 1997, he worked as a financial analyst at Wasserstein Perella & Co. in London (1995-1997). He earned a degree in economics from England‘s University of Bristol in 1995, and in 1996 he gained certification as a corporate and financial representative from London‘s Securities and Futures Authority. In 1999, he completed the London Business School‘s Executive Financial Analysis and Corporate Financial Analysis Program.

Patrick Antonio Claude de Larragoiti Lucas has been a member of the Board of Directors of Sul America S.A since 1997, and also a member of the Board of Directors of the subsidiaries since 1998 and President of the Investments, Compensation and Governance and Disclosure Committees. Joined Sul America S.A. in 1987, being the President of the Company since 1998 and its subsidiaries since 1999. Counselor of Geneva Association since 1999, council president of the Supplementary Health Institute and first vice-president of CNSeg, being also a member of the board of directors of Unibanco Holding. In 1987, worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, worked at the market capital department of Chase Manhattan Bank in Sao Paulo and New York. Graduated in Business Administration by Getulio Vargas Foundation, in Sao Paulo.

Carlos Jaime Muriel Gaxiola has been a member of Sul América S.A.’s Board of Directors since March of 2008, having also been elected to the Compensation Committee. Since December of 2002 he has worked in ING group companies, currently serving as CEO and Corporate Vice-President of ING for Latin America. He has a degree in industrial engineering from the Ibero-American University in Mexico City and in economics and business administration from Austin Community College.

Roberto Teixeira da Costa has been a member of the Board of Directors of Sul América S.A. since 1999, serving on the Compensation Committee since 2002 and on the Auditing and Governance and Disclosure committees since 2008. He was the international president of the Latin American Business Council - CEAL from 1998 to 2000 and the first President of the Brazilian Securities and Exchange Commission. He was Trustee of the International Accounting Standards Committee Foundation - IASCF from its foundation in 2001 until 2007. He served as a member of the Board of Directors of the Inter-American Dialogue in Washington, D.C., of which he is currently a member. He serves as the chairman of the BM&FBovespa Arbitration Chamber, member of the BNDESPAR - BNDES Participações S.A. Board of Directors and a member of the advisory boards of HVS - Consultoria e Participações, Bunge Alimentos, Companhia Brasileira de Distribuição (Pão de Açúcar) and Banco Latinoamericano de Exportaciones S.A. He has a degree in economics from the Rio de Janeiro Federal University and is a founding partner and current board member of the Brazilian Center for International Relations - CEBRI and member of the International Conjuncture Analysis Group- GACINT at the University of São Paulo. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

Guilherme Affonso Ferreira has been a member of the Board of Directors of Sul America S.A. since March, 2010 and a member of Compensation Committee since November, 2010. President of Bahema Participacoes S.A. since 1975. For the last Five years served as member of the board of directors of the following companies: Unibanco Holding, Submarino S.A. e-business company, Santista Têxtil, Unibanco - Uniao de Bancos Brasileiros S.A., B2W e-business company, and Avipal a company directed at the production of meat, milk and by-products. Currently is a member of the board of directors of Eternit, a mining and building materials company, of Rio Bravo Investments, Tavex a textile industry company and Pao de Acucar, dedicated to retail, being also a member of the Advisory Board of Signatura Lazard an investment bank. He also works with philanthropic companies such as Instituto de Cidadania Empresarial, Lar Escola Sao Francisco and Campinas Orthopedic Institute. Graduated in Production Engineer by Escola Politecnica - USP, and also coursed Economics and Politics and the Macalester College. Complies with the requirements of independence established in Bovespa‘s Level 2 Distinguished Practices of Corporate Governance.

Patrick Antonio Claude de Larragoiti Lucas has been a member of the Board of Directors of Sul America S.A since 1997, and also a member of the Board of Directors of the subsidiaries since 1998 and President of the Investments, Compensation and Governance and Disclosure Committees. Joined Sul America S.A. in 1987, being the President of the Company since 1998 and its subsidiaries since 1999. Counselor of Geneva Association since 1999, council president of the Supplementary Health Institute and first vice-president of CNSeg, being also a member of the board of directors of Unibanco Holding. In 1987, worked for Compagnie Suisse de Reassurances Schweizer Ruck in Switzerland. From 1985 to 1986, worked at the market capital department of Chase Manhattan Bank in Sao Paulo and New York. Graduated in Business Administration by Getulio Vargas Foundation, in Sao Paulo.

Arthur Farme d‘Amoed Neto is Control and Investor Relations Vice-President for Sul America S.A. and member of the Board of executive officers since September 2000. Joined the SulAmerica group in 1987 and since 1996 is member of board of executive officers of companies of the group. Held the position as marketing and planning director until 1998. Was elected Officer of Corporate Finances in 1998, and performed this job concurrently with officer of investors relation, for which was elected in 2000. Between 2007 and 2010, was Corporative and Investors Relation Vice-President, and since August 2011 is responsible for the Finance and Controlling areas. A sitting member of the Governance and Disclosure Committee of the Company. Prior to join the SulAmerica group, worked at the public sector, in the real state industry and in the areas of insurance and economic consulting, from 1980 to 1987. Graduated in Civil Engineer by the Federal University of Rio de Janeiro and achieved specialization in Finances by the Business Administration Institute COPPEAD of the Federal University of Rio de Janeiro, in Corporative Governance by the Capital Market Brazilian Institute and in Corporate Law and Capital Market by Getulio Vargas Foundation.

Kevin Martins da Silva has served on the Company‘s Investments Committee since 2003 and on the Governance and Disclosure Committee since 2008. He served as Sul América S.A.‘s Executive Vice President of Finance from July of 2007 to May of 2008. He was Vice President of Corporate and Strategic Development at ING Latin America from 2002 to 2007. Since 1997, Mr. Silva has worked for several companies associated with or belonging to the ING group. He has also served as Vice Chairman of the Board of Directors of some of Sul América S.A.‘s subsidiaries (2002-2008). Before joining ING in 1997, he worked as a financial analyst at Wasserstein Perella & Co. in London (1995-1997). He earned a degree in economics from England‘s University of Bristol in 1995, and in 1996 he gained certification as a corporate and financial representative from London‘s Securities and Futures Authority. In 1999, he completed the London Business School‘s Executive Financial Analysis and Corporate Financial Analysis Program.

Roberto Teixeira da Costa has been a member of the Board of Directors of Sul América S.A. since 1999, serving on the Compensation Committee since 2002 and on the Auditing and Governance and Disclosure committees since 2008. He was the international president of the Latin American Business Council - CEAL from 1998 to 2000 and the first President of the Brazilian Securities and Exchange Commission. He was Trustee of the International Accounting Standards Committee Foundation - IASCF from its foundation in 2001 until 2007. He served as a member of the Board of Directors of the Inter-American Dialogue in Washington, D.C., of which he is currently a member. He serves as the chairman of the BM&FBovespa Arbitration Chamber, member of the BNDESPAR - BNDES Participações S.A. Board of Directors and a member of the advisory boards of HVS - Consultoria e Participações, Bunge Alimentos, Companhia Brasileira de Distribuição (Pão de Açúcar) and Banco Latinoamericano de Exportaciones S.A. He has a degree in economics from the Rio de Janeiro Federal University and is a founding partner and current board member of the Brazilian Center for International Relations - CEBRI and member of the International Conjuncture Analysis Group- GACINT at the University of São Paulo. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

Thomaz Luiz Cabral de Menezes was elected CEO of the Company on March 31, 2010. He built a solid career at Johnson & Higgins, where he began in 1987, serving in several positions in Brazil and abroad that added to his technical knowledge in insurance, pricing and risks. From 1992 to 1997 he served Johnson & Higgins in New York, being responsible for domestic and international accounts. In 1997, after the merger of Johnson & Higgins with Marsh & McLennan he became the director responsible for the São Paulo office, assuming the position of country manager for Brazil. From 2004 to 2010 he was the CEO of Marsh Seguros McLennan da América Latina & Caribe, based in São Paulo and Miami, adding the responsibilities of CEO in Brazil for the same company in 2007. He has a degree in business administration from São Marcos College in São Paulo.

Thomaz Luiz Cabral de Menezes was elected CEO of the Company on March 31, 2010. He built a solid career at Johnson & Higgins, where he began in 1987, serving in several positions in Brazil and abroad that added to his technical knowledge in insurance, pricing and risks. From 1992 to 1997 he served Johnson & Higgins in New York, being responsible for domestic and international accounts. In 1997, after the merger of Johnson & Higgins with Marsh & McLennan he became the director responsible for the São Paulo office, assuming the position of country manager for Brazil. From 2004 to 2010 he was the CEO of Marsh Seguros McLennan da América Latina & Caribe, based in São Paulo and Miami, adding the responsibilities of CEO in Brazil for the same company in 2007. He has a degree in business administration from São Marcos College in São Paulo.

Arthur Farme d’Amoed Neto is Control and Investor Relations Vice-President for Sul America S.A. and member of the Board of executive officers since September 2000. Joined the SulAmerica group in 1987 and since 1996 is member of board of executive officers of companies of the group. Held the position as marketing and planning director until 1998. Was elected Officer of Corporate Finances in 1998, and performed this job concurrently with officer of investors relation, for which was elected in 2000. Between 2007 and 2010, was Corporative and Investors Relation Vice-President, and since August 2011 is responsible for the Finance and Controlling areas. A sitting member of the Governance and Disclosure Committee of the Company. Prior to join the SulAmerica group, worked at the public sector, in the real state industry and in the areas of insurance and economic consulting, from 1980 to 1987. Graduated in Civil Engineer by the Federal University of Rio de Janeiro and achieved specialization in Finances by the Business Administration Institute COPPEAD of the Federal University of Rio de Janeiro, in Corporative Governance by the Capital Market Brazilian Institute and in Corporate Law and Capital Market by Getulio Vargas Foundation.

Carlos Alberto Trindade Carlos Alberto Trindade rejoined the company earlier this year to serve as Vice President responsible for the Auto and P&C operations. Mr. Trindade had previously served the company in several positions between 2004 and 2010. Prior to rejoining the company, Mr. Trindade was the CEO of Brasil Insurance Participações e Administração S.A. for almost a year. Mr. Trindade began his career in the insurance industry in 1980, working at several organizations, such as Johnson Higgins Corretores de Seguros and Companhia de Seguros Interatlântico. Mr. Trindade was also the president of Icatu Hartford - Seguros de Vida e Previdência Complementar. Between 1987 and 1989, Mr. Trindade was director and president of the Brazilian Professional Association of Life Insurance (Associação Profissional de Seguros de Vida). Subsequently, Mr. Trindade was the president of the Technical Committee of Life Insurance at the National Federation of Insurance Companies (Federação Nacional das Empresas de Seguros - FENASEG) from 1993 to 1994. Mr. Trindade also served as a Director of the Insurance Companies Union in Rio de Janeiro from 1996 and 1999, Director of the National Association of Pension Companies from 1998 and 2001, and Vice-President of the Brazilian National Federation of General Insurance (Federação Nacional de Seguros Gerais - FENSEG). Carlos Alberto Trindade holds an MBA in Life Care Planning from the American College of Physicians in Philadelphia and an Executive MBA from University of São Paulo (Universidade de São Paulo - USP).

Roberto Teixeira da Costa has been a member of the Board of Directors of Sul América S.A. since 1999, serving on the Compensation Committee since 2002 and on the Auditing and Governance and Disclosure committees since 2008. He was the international president of the Latin American Business Council - CEAL from 1998 to 2000 and the first President of the Brazilian Securities and Exchange Commission. He was Trustee of the International Accounting Standards Committee Foundation - IASCF from its foundation in 2001 until 2007. He served as a member of the Board of Directors of the Inter-American Dialogue in Washington, D.C., of which he is currently a member. He serves as the chairman of the BM&FBovespa Arbitration Chamber, member of the BNDESPAR - BNDES Participações S.A. Board of Directors and a member of the advisory boards of HVS - Consultoria e Participações, Bunge Alimentos, Companhia Brasileira de Distribuição (Pão de Açúcar) and Banco Latinoamericano de Exportaciones S.A. He has a degree in economics from the Rio de Janeiro Federal University and is a founding partner and current board member of the Brazilian Center for International Relations - CEBRI and member of the International Conjuncture Analysis Group- GACINT at the University of São Paulo. He meets the independence requirements established in the Distinguished Corporate Governance Practices Level 2 of BM&FBovespa.

Vanessa Pina has 21 years of experience in Human Resources, having served in several executive positions for domestic and multinational companies, in addition to management consulting projects. Ms. Pina has broad experience in the area, with an emphasis in organizational change, planning, training & development, resourcing, endomarketing, performance management and succession / career management. Prior to joining SulAmérica as HR Director in 2011, Ms. Pina was an executive at British American Tabacco (BAT) and its subsidiary Souza Cruz, serving in several positions from 2003 to 2011, including Regional HR Business Partner for Operations and Regional Organizational Development Manager. From 1998 to 2003, Ms. Pina held HR managerial positions at JohnsonDiversey, including serving as representative for Latin America on a global team set up to review the human resources strategy and structure following the merger. Previously, Ms. Pina was a Project Manager at Praxis Consultores (1996 - 1998) and an Executive at Mesbla Serviços Financeiros (1991 - 1995). Vanessa Pina holds a bachelor’s degree in psychology from UERJ, an MBA in management from Fundação Dom Cabral and an MBA in marketing from Universidade Cândido Mendes.

Alvaro Almeida was elected a member of the Sustainability Committee in 2011. He is also a member of the HSBC Institute External Committee. Driven by internet growth in Brazil, he became an entrepreneur in the communications area in 1999 with the creation of Tempestade Comunicação, a content provider whose clients include: BB, OI, Toyota Bank and Instituto Ethos. In 2002, he founded Report Comunicação, an agency that identified sustainability as the driver for corporate management differentiation and in nine years became Brazil‘s leader in sustainability reporting. He graduated in Journalism from the Federal University of Rio Grande do Sul.