Investment Excellence.
Enduring Relationships.

Rogério Poppe is the executive officer of ARX and is responsible for managing the Income strategy. Before joining the group in 2006, he worked as a manager at Opus (2004-2005), Banco CR2 (2003-2004), Banco Modal (2002-2003), and Banco Itaú (2001-2002). Rogério started his career as an analyst, having worked at Banco BBM (1996-2001) and Banco Graphus (1993-1996). Rogério has a degree in Electronic Engineering from PUC-Rio (1994) and a post-graduate degree in Finance from IBMEC (1996). He obtained his Chartered Financial Analyst (CFA) certification in 2005.

Co-Portfolio Manager and Equity Research at ARX Investimentos. Alexandre joined ARX in 2017, having already worked at the company for 13 years (2001-2014) as an equity analyst and, previously, as a macroeconomist. Before that, he worked at BNP Paribas as an equity analyst (2014-2017) and at the “Energy Group” of the UFRJ economics department (1998-2000), where he developed economic and statistical studies. Alexandre graduated with honors in economics from UFRJ (2001).

Rodrigo Santos joined ARX in 2021, as equity research analyst. Rodrigo started his career at Banco Brascan (1993-1995) as Corporate Finance analyst, having also worked at Banco Boavista (1995-1996) as investment research analyst, and at the Investment Banking area at Dresdner Kleinwort Benson (1998-2000). Rodrigo has also worked in non-financial companies as Chief Financial Officer at Portal do Esporte, TV Globo (2001) and at TopSports Ventures (2002-2006). Back to financial markets, Rodrigo joined Meta Asset as equity research analyst (2006-2008), then founded Oceana Investimentos (2008-2020). After that, he was co-founder and partner at Norte Asset Management (2021).  Rodrigo has a degree in Production Engineering from UFRJ (1993), and an MBA from London Business School (1996-1998).

Equity Research at ARX Investimentos. Joined ARX in 2024. Previously, he worked as an equity analyst at BNP Paribas (2018-2024). Graduated in Mechatronic Engineering from USP. Lucas is a CFA® charterholder.

Gabriel joined ARX equity team in 2016. He holds a BA in Economics from IBMEC (2019), where he worked as Finance Director at the Capital Market Study Center (an IBMEC’s junior company).

João joined ARX equity team in 2020. Previously, he worked at Apentis, a Luxembourg fintech as a tech analyst (2020). João graduated in Industrial Engineering from UFRJ with a double degree at École Centrale de Nantes (2021). He obtained the Certificate in Quantitative Finance (CQF).

Bruno Oliveira is an equity trader, having joined ARX in 2008. Bruno has been with the group since 2004, where he worked as a trader (2007-2008) and in the Backoffice area (2004-2007). Bruno has a degree in Financial Management from Estácio de Sá University (2020).

Equity Research at ARX Investimentos. Joined ARX in 2022. Graduated “Magna cum Laude” in Economics from Ibmec.

Chief Economist at ARX Investimentos. Joined ARX in 2024. Previously, he was partner and chief economist at Ryo Asset (2022-2024) and RPS Capital (2020-2022). He worked as a director of the Brazilian Independent Fiscal Institution-IFI (2017-2019) and a senior economist at BTG Pactual (2015-2017 and 2019-2020), as well as a researcher at the Brazilian Institute of Economics-IBRE/FGV. Graduated in Economics from UFF, with an MBA in Business Finance from the same institution, a master's degree in Economics and Business Finance from EPGE/FGV and he is also a PhD student in Economics and Public Policy at EPPG/FGV.

Bruno Cianelli is a fixed income trader who joined ARX in 2008. Bruno has been with the group since 2002, when he worked as a trader (2006-2008) and in the Backoffice area (2002-2006). Bruno has a degree in Economics from Universidade Federal Fluminense (2004).

Pierre Jadoul is executive director of ARX, member of the executive committee and credit committee, and responsible for the Corporate Debt strategy. Since 2012 Pierre has been a credit fund portfolio manager at CA Indosuez Wealth (Brazil) and previously worked in the Derivatives area at Morgan Stanley. Pierre joined ARX team in 2018. Graduated in Business Administration from FGV-SP, he obtained the certification of Chartered Financial Analyst, CFA, in 2015.

Lucas joined ARX in 2018 as a member of the credit committee and a member of the credit analysis team. He began his career at Fator Corretora, where he worked as a research analyst in charge of the real estate and commodities sectors. At the end of 2015, he joined CA Indosuez’s portfolio management team to deal with credit analysis, trading and management, especially of the incentivized debentures fund. Lucas graduated in Electrical Engineering from Poli-USP (2014) and studied one year at the New York University. He obtained his CFA certification in August 2018.

Vitor Trova joined ARX in 2018 in the credit committee and credit analysis team. He worked for five years in the Credit Risk area of Santander Asset Management. In early 2018, he joined the management team of CA Indosuez, where he worked as a senior credit analyst. Vitor has a degree in Economic Sciences from Universidade Presbiteriana Mackenzie and is a post-graduate student in Finance from Insper.

Hugo joined ARX in 2022 in the credit committee and credit analysis team. Hugo has a degree in Math from UNICAMP (2019). He obtained the CGA (Certificação de Gestores ANBIMA) certificate.

Corporate Debt Analysis at ARX Investimentos. Joined ARX in 2024. Previously, he worked in the Equity research teams at Adam Capital (2021-2023) and Credit Suisse (2020-2021). Graduated in Production Engineering from UFRJ.

Vitor joined ARX in 2022 as a member of the credit analysis team and a member of the credit committee, as well as portfolio manager of the real estate strategy. He worked for more than five years at Credit Suisse Hedging-Griffo’s real estate portfolio management team and joined Santander Asset Management Brasil in 20219. He began his career as trainee and analyst at Itaú Unibanco. Vitor has a degree in Production Engineering from UFJF – Universidade Federal de Juiz de Fora and a master’s degree in Finance and Economincs from FGV-EESP.

Melina joined ARX in 2022. She has a Law degree from FGV-SP and seven years of experience in real estate transactions and investment funds. She began her career in Wealth Management and Real Estate at UBS and gathered experience at Fortesec and REC Gestão de Recursos where she was responsible for Legal and Compliance.

Executive director and Head of Investor Relations at ARX Investimentos. Joined ARX in 2023. Before joining the company, he worked as Head of Asset allocation and manager of Exclusive and Restricted Funds from BNY Mellon Alocação de Patrimônio (2003-2022). He stated his career as manager of pricing at BNY Mellon Serviços Financeiros (2002). Gustavo has a degree in Production engineering from PUC-RJ (2000) and a master’s degree in Production Engineering with emphasis in financials and investment analysis from PUC-Rio (2002).

Bernardo joined the ARX Distribution team in March 2020. Before joining the company, he was responsible for the distribution of investment funds at Ativa Investimentos (2018-2020) and  worked in the back and middle office at Órama Asset Management (2017) . Bernardo works in the financial market since 2016, he has a degree in Production Engineering from UVA, and a specialization in finance from COPPEAD-RJ. He obtained the CGA (Certificação de Gestores ANBIMA) certificate.

Ligia joined the ARX Distribution team in December 2022. Before joining the company she was member of distribution and funds research at BTG Pactual for 2 years. Ligia also worked at Itaú Unibanco as funds administration analyst for 6 years. Ligia works in the financial market since 2015 and holds a degree in Economics from Universidade Presbiteriana Mackenzie-SP (2019).

Mônica Marchevsky is responsible for the Institutional Investor Relations area, having joined the group in 2007. In 2008, she joined ARX. Previously, she worked at Opportunity Asset Management as commercial manager of the institutional area (1997-2004) and at Banco Santander as senior private banker (2004-2007). Mônica also worked at Banco BBM as investment analyst and institutional commercial manager (1992-1997) and at Banco JP Morgan (1988-1992), where she started her career. Mônica has a degree in Business Administration from Universidade Cândido Mendes (1992).

Guilherme Caldas joined ARX in 2017 and is responsible for the company’s international platform and its relationship with distributors of offshore funds. From 2017 to 2019, he also served as Chief Risk Officer. Previously, he was a partner at Pollux Capital where he served as Chief Risk Officer (2006-2017), Chief Compliance Officer (2012-2017), and was responsible for the operational area. He was a partner at Upside Asset Management as the person in charge of risk control and backoffice. Guilherme began his career at Banco BBM (1999-2001). He has a degree in Production Engineering from PUC-Rio (1999) and an MBA in Finance from FGV-Rio (2001). Guilherme obtained his Chartered Financial Analyst (CFA) certificate in 2007. In 2011, he obtained the FRM (Financial Risk Manager) certificate from GARP (Global Association of Risk Professionals).

Responsible for Marketing & Corporate Affairs at ARX Investimentos. She joined ARX in 2023 and previously was a Communications & Marketing Coordinator at Vinci Partners (2018-2023). She worked in the Communication area at Bahia Asset (2011-2018) and at Banco Prosper (2008-2011). Graduated in Public Relations from UERJ and post-graduated in Communication and Image from PUC-Rio.

Guilherme Abry joined ARX in 2017 as Chief Operating Officer, after having worked at the company for 5 years as Operations and Risk Manager (2011-2016). Prior to joining ARX in 2017, he was a Strategic Risk Manager at CSHG (2017). Guilherme was also the Superintendent of Market Risk at BNY Mellon Serviços Financeiros (2005-2011) and worked as a consultant, modeling risk models for Petrobras and financial planning for BR Distribuidora (2002-2004). Earlier in his career, he worked at Mellon Brascan Asset Management (2000-2002) and Banco Brascan (1998-2000). Guilherme has a degree in Civil Engineering from UFES (1996) and a master’s degree in Production Engineering from PUC-RJ (1999). Guilherme obtained his FRM certification from GARP in 2006.

Tatiana Nunes is Head of Compliance and Operational Risk IM Brazil. She joined the group in 2011 to work in the Compliance team at BNY Mellon Serviços Financeiros, the group’s Asset Servicing company in Brazil. In 2012, she was transferred to the Compliance and Operational Risk Department of ARX. Previously, Tatiana worked at HSBC (from 2004 to 2011) as a Process Improvement Specialist and at AT&T do Brasil as a Project Engineer (from 2000 to 2002). Tatiana has a degree in Electronic Engineering from Gama Filho University (1998), a post-graduate degree in Quality Management and Process Improvement, and Six Sigma Green Belt certification, a worldwide methodology for process improvement.

Responsible for the Legal department at ARX Investimentos. Joined ARX in 2024, after working in the Legal department at Credit Suisse Hedging-Griffo (2020-2024), as a lawyer specializing in investment funds. Previously, he worked at the Legal department of BNY Mellon Serviços Financeiros (2013-2020). Graduated in Law from UFF and post-graduated in Financial and Capital Markets Law from Insper.

Marcio joined ARX in 2019 as Chief Risk Officer. Previously, he was a partner and Head of Risk at Ventor Investments (2017-2019) and Kyros Investments (2011-2016). Márcio also worked in the Market Risk and Pricing areas at BNY Mellon Serviços Financeiros and in the Middle Office area at ARX (2008-2010). Earlier in his career, Márcio worked in the payroll credit area at Banco BVA (2005-2008). Márcio has a degree in Civil Production Engineering from PUC-RJ (2005) and a Master’s Degree in Finance and Business Economics from FGV-RJ (2010). Márcio obtained his FRM (Financial Risk Manager) certification from GARP (Global Association of Risk Professionals) in 2016.

Rodrigo Marzulo is responsible for ARX’s Middle Office, having previously worked in the Treasury and Cash Management team at BNY Mellon Serviços Financeiros (2007-2010) and at Petros (2010-2011), as an investment analyst. Rodrigo returned to the group in 2011, as a Middle Office analyst at ARX. He holds a degree in Business Administration from Universidade Estácio de Sá (2008) and attended an MBA in Business Economics from Universidade Federal Fluminense.

Responsible for Investor Services at ARX Investimentos. She joined ARX in 2023 after working for the Asset Allocation and Wealth Management teams for ten years at BNY Mellon Alocação de Patrimônio (2012-2022). She worked in the Foreign Exchange Funds Management at BB Asset Management (2011-2012). Graduated in Economics from UFF, with an MBA in Finance, Investments and Risk from FGV.

Responsible for the technology solutions that support the operation of ARX Investimentos. He joined ARX in 2017, after working on several development teams at BNY Mellon Serviços Financeiros (2010-2017). Previously he worked as a developer in software consultancies not related to the financial market (2005-2010). Graduated in Information Systems from Universidade Estácio de Sá.