2023 Symposium & 28th BRAVO Business Awards Recap

Business Awards

2023 Council of the Americas Symposium & 28 th

2023 Council of the Americas Symposium

Over the past year, Latin America has worked to steady the tide of slow economic growth and political uncertainty, setting the stage for a cautiously optimistic 2024. The combination of economic policies that look towards increasing social inclusion, reducing poverty, and creating work opportunities for a young population hungry to step into a new future, with a changing political landscape, has leaders open to investment development and increasing jobs within new and exciting fields such as sustainability, technology and innovation.

However, as the dynamics of the business world are evolving faster than ever before, it is vital that Latin America, a land of such immense potential and diversity, capitalizes on the emerging global trends and technologies to maintain this momentum.

During the 2023 Council of the America’s Symposium, held on October 20 at the University of Miami’s Lakeside Village, over 400 top-executives looked into these global trends manifested across intersecting industries, looking to generate collective insight and harness the power of the Latin American region.

Webcast live on AS/COA’s digital platforms, including Twitter, YouTube and www.as-coa.org

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To watch the full conference, click here.

BRAVO DIALOGUES GLOBAL TRENDS SHAPING LATIN AMERICA’S BUSINESS LANDSCAPE

The key to unlocking Latin America’s potential is understanding which sectors offer the biggest opportunities for growth. During a session with industry leaders from technology, finance, insurance, healthcare, and cybersecurity industries, the experts emphasized the need for increased accessibility can help mitigate risk in the region and position it on a trajectory for growth.

BRAVO LEADERSHIP CONVERSATIONS ADVANCING HEMISPHERIC PROSPERITY & SECURITY

“I think the word of the day, especially in this very volatile global context, is ‘resilience’.

Todd Martinez Fitch Ratings

A massive part of Latin America has never had access to insurance. Technology is allowing us to get to these customers like never before.

Marcos Gunn Chubb

General Laura J. Richardson, the Commander of the U.S. Southern Command, spoke about the role of the U.S. military in promoting security and stability in the Americas. She provided insights into the multifaceted role of the U.S. Southern Command in the Western Hemisphere, addressing security, humanitarian, and environmental challenges while also discussing the implications of China’s involvement in the region and the U.S. government’s role in cybersecurity abroad.

“Latin America has the potential to feed and fuel the world.

General Laura J. Richardson U.S. Southern Command

Marcos Gunn, Chubb Group; Todd Martinez, Fitch Ratings; Rosana Padilla, Kenvue; Helmut Reisinger, Palo Alto Networks; Gabriela Frias, CNN en Español

General Laura Richardson, U.S. Southern Command; Susan Segal, AS/COA

BRAVO DIALOGUES PERSPECTIVES FROM THE PRIVATE SECTOR TO LOWER CARBON EMISSIONS

As one of the world’s largest energy producing regions, Latin America’s transition to clean energy represents a significant opportunity within the sector. With an emphasis on sustainable collaboration between the private and public sectors, a group of leading CEOs acknowledged that different approaches exist in the U.S. and Europe, signifying that Latin America requires a unified approach that implements emerging technologies to address key drivers and challenges in reducing carbon emissions.

“Latin America has one of the cleanest energy grids in the world... The transition in Latin America can be more meaningful than in many places.

Andres Gluski The AES Corporation

BRAVO DIALOGUES THE RISE OF AI: A CATALYST FOR BUSINESS TRANSFORMATION

I think Latin American is well positioned to lead the way in so many aspects: green energy, green packaging, sustainability… because it’s in our DNA.

With the rise of AI services like Chat GPT and Bing Chat, businesses are looking for ways to optimize their processing to increase efficiency. While these new technologies open new avenues for business expansion and innovation, it is essential to prioritize the relationship between technology and people. This dialogue brought together three leading executives to address how business leaders can implement AI solutions to harness the power of both their businesses and their employees.

“The success of AI solutions that we adopt within our businesses depends on the extent of two things – how we empower our employees to experiment and think about how to use AI effectively and how we create new values.

Paula Goldman Salesforce

It involved committing as a company to artificial intelligence, to machine learning, to having clean data, data governance, and data provenance.

Sebastian Barrios Mercado Libre

Alvaro Cardenas Diageo

Sebastian Barrios, Mercado Libre; Paula Goldman, Salesforce; Ana Lucia Magliano, Mastercard; Peter Pessoa, BCG

Carlos Barrera, Atlas Renewable Energy; Alvaro Cardenas, Diageo; Marina Rosemberg, Moody’s Investors Service; Andres Gluski, The AES Corporation; Francisco Ruiz-Tagle, CMPC

BRAVO LEADERSHIP CONVERSATIONS THE NEXT WAVE FOR LATIN AMERICA’S TECH ECOSYSTEM

As current macro trends in the global economy reflect positive growth for the Latin American region, Marcelo Claure, Founder & CEO of Claure Group and Executive Chairman of Bicycle Capital, explains how investment and entrepreneurship are leading the region into an era of economic prosperity.

With an emphasis on empowering innovation and entrepreneurship, he believes that Latin American can create the same level of entrepreneurship as anywhere from around the world, especially when companies become oriented on building a product that meets the needs of their customers.

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Whatever you are solving as an entrepreneur needs to be bigger than any political issue. Dream big and focus on the area that you can solve.

Marcelo Claure Bicycle Capital

BRAVO LEADERSHIP SPOTLIGHT GRUPO MARIPOSA’S GROWTH & EXPANSION

Juan Pablo Mata, the CEO, and Luis Miguel Castillo, the Chairman of Grupo Mariposa, discussed the remarkable growth and expansion of their Guatemalan food and beverage conglomerate. The company’s journey began 130 years ago and faced significant challenges, including changing trade and border rules, and family disputes. In the 1940s, Grupo Mariposa joined forces with PepsiCo to expand across Latin America, embarking on a long journey of transformation and growth.

Our purpose at Grupo Mariposa is to unleash value to catalyze inclusive growth and prosperity.

Luis Miguel Castillo, Grupo Mariposa; Juan Pablo Mata, Grupo Mariposa; Kaio Philipe, Bloomberg Línea

Juan Pablo Mata Grupo Mariposa

Marcelo Claure, Bicycle Capital; Patricia Menendez-Cambo, PMC Capital Partners

BRAVO DIALOGUES BRAZIL’S PAYMENTS REVOLUTION—A MODEL FOR THE WORLD

The evolution of Brazil’s central bank’s groundbreaking instant payments system, Pix, began with an interest in innovating the country’s financial ecosystem. Through technology and collaboration between financial institutions and fintechs, Brazilians opened bank accounts at unprecedented rates, creating new economic opportunities for consumers facing challenges in accessing goods and services. A panel of senior executives from leading banking and payments institutions joined the Governor of the central bank of Brazil to discuss the country’s payments revolution. Ultimately, Pix’s most significant impact lies in increasing financial inclusion through the democratizing power of technology.

“Before Pix, only 39% of people had bank accounts. Now this is up to 70%.

Wagner Ruiz EBANX

Scan the QR code to access recordings of all BRAVO Main Stage panels.

Pix became a backbone of innovation where we could add value to the services. It is more than just a method of payment.

Annali Duarte Bank of America

Wagner Ruiz, EBANX; João Vitor Menin, Banco Inter; Annali Duarte, Bank of America; Roberto Campos Neto, Banco Central do Brasil; Vivianne Rodrigues, Bloomberg

BLACKROCK LUNCHEON OPPORTUNITIES IN TRANSITION CAPITAL

Following the Symposium, a special luncheon brought together a select group of senior business leaders in the wealth management space in Miami and Latin America to discuss sustainable investing opportunities.

The luncheon featured a conversation with Aitor Jauregui, Head of Latin America for BlackRock, and Nick Berger, Managing Director of Transition Capital at BlackRock, who presented new developments regarding investment strategies and funds linked to the global transition to a lowcarbon economy.

Martin Fernandez Romero, Marina Rosemberg, Moody’s Investors Service; Nicolas Gordon, Fernando Hasenberg, Empresas CMPC; Juan Felipe Giraldo Ospina, Bancolombia; Juan Felipe Bustamante, Bustamante Fabara

Nick Berger, BlackRock; Susan Segal, AS/COA; Aitor Jauregui, BlackRock; Isabel de Saint Malo, IFRS Foundation; Jordan Schwartz, Inter-American Development Bank

Francisco Rosemberg, Jenny Riera, BlackRock; André Haui, Banco do Brasil Securities; Raul Henriquez, Insigneo; Ricardo Lanfranchi, Banco Bradesco; Mauricio Armando, BCP Global

BlackRock Luncheon

Aitor Jauregui & Nick Berger, BlackRock

BRAVO C-Suite

Private Roundtables

2023 Council of the Americas Symposium & 28 th BRAVO Business Awards

Consolidating the BRAVO C-Suite: Private Roundtables

The BRAVO C-Suite Communities (Chief Executive Officers, Chief Sustainability Officers, and Chief People Officers) provide high-level executives with a private space to share best practices, network, and learn alongside their peers. This year, the BRAVO C-Suite convened over 100 C-level executives from top multilatinas and multinational corporations to foster meaningful dialogue on Latin America’s most

pressing issues, including geopolitical challenges, people strategy, and climate action.

From discussions on leadership in the age of generative AI to conversations on the new international sustainability reporting standards, these forums addressed emerging challenges and innovations impacting the corporate agenda.

BRAVO CEO Roundtable

BRAVO Circle of LatAm Chief People Officers Roundtable

BRAVO Circle of LatAm Chief Sustainability Officers Roundtable

ENHANCING U.S.-LATIN AMERICA TIES A DIALOGUE ON HEMISPHERIC SECURITY & STABILITY

“[Latin America] is our shared neighborhood, where 28 of 31 countries are democracies that share our values.

General Laura J. Richardson Commander U.S. Southern Command

The annual BRAVO CEO Roundtable featured a keynote presentation by General Laura J. Richardson, Commander of the U.S. Southern Command (SOUTHCOM). General Richardson addressed a group of over 60 Latin America CEOs and corporate presidents of multinational corporations and multilatinas, to discuss current challenges to security and stability in the Western Hemisphere.

With a special focus on global competition, General Richardson’s presentation outlined the most imminent challenges for the region and stressed the importance of strengthening economic ties in the Americas, to further nurture longstanding cooperations and alliances.

Jordan Schwartz, Inter-American Development Bank Cristina Palmaka, SAP

Gonzalo Binello, Schroders

Nicolas Kaplun, Globant

Monica Duwe, HSBC Bank Chile

Tito Arciniega, Microsoft

Joao Schmidt, Votorantim

Erika Herrero, Belcorp

Brian Burlingame, JeffreyGroup

Luiz Vasconcelos, FedEx

Henrique Leme, Bradesco Bank; João Schmidt, Votorantim; Jaime Yordan, Greenley Partners

Fernando Hasenberg, Empresas CMPC; Helmut Reisinger, Palo Alto Networks; Francisco Ruiz-Tagle, Empresas CMPC

Alvaro Cardenas, Diageo; Susan Segal, AS/COA

Gustavo Pupo-Mayo, TAP Latin America; Susan Segal, AS/COA; Gen. Laura J. Richardson, SOUTHCOM; Tito Arciniega, Microsoft Latin America; Jordan Schwartz, Inter-American Development Bank; and Fernando Hasenberg, Empresas CMPC

Marina Rosemberg, Moody’s Investors Service; Rosana Padilla, Kenvue; Jorge Perez Izquierdo, Arch Staffing; Maria Lourdes Teran, AS/COA; Martin Fernandez-Romero, Moody’s Investors Service; Gabriel Torres-Brown, Kenvue

General Laura J. Richardson, SOUTHCOM; Susan Segal, AS/COA; Erika Herrero, Belcorp; Cristina Palmaka, SAP

SUSTAINABILITY STANDARDS, INVESTMENTS & GREEN STRATEGY

BRAVO Circle of LatAm Chief Sustainability Officers (CSO) Roundtable

For the second consecutive year, the CSO Roundtable gathered over 30 sustainability leaders from major multinational corporations and multilatinas, to discuss how sustainability is increasingly connected to business results and encourage leaders to promote the company-investor dialogue related to sustainable practices. The session was chaired by Pedro Pereira, Chief Sustainability Officer at SAP Latin America.

Featured speakers included Thiago Fernandes, Head of Social & Environment Group of Latin America at Bank of America, who engaged in a fireside chat discussing how sustainability measures can drive profitability in the current business environment. This dialogue was followed by a presentation from Isabel de Saint Malo, Trustee at the IFRS Foundation, who gave an extensive look into the inaugural International Sustainability Standards Board (ISSB) Standards.

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It’s not sustainability alone, it’s bringing sustainability into everything we do.

Pedro Pereira Chief Sustainability Officer SAP Latin America & the Caribbean

Thiago Fernandes, Bank of America & Pedro Pereira, SAP Latin America & Caribbean

Isabel Saint Malo, IFRS Foundation

BRAVO Circle of LatAm Chief Sustainability Officers

Pedro Pereira, SAP Latin America & Caribbean; Ragnhild Melzi, AS/COA; Alejandro Anderlic, Salesforce; Thiago Fernandes, Bank of America

Tania Banens, Mastercard; Alexandra Vidal, Grupo Mariposa

Maria Ignacia Arcaya, Cisneros Group of Companies; Basil Khalil & Anylda Morales, FedEx Latin America

Madelka McCalla, The AES Corporation

Guillermo Garza, Arca Continental

Matias Bendersky, Inter-American Development Bank

LEADERSHIP IN THE AGE OF GENERATIVE ARTIFICIAL INTELLIGENCE (AI)

This year’s CPO Roundtable brought together high-level leaders and human resources experts to discuss the shifting paradigms of leadership that come with the age of generative AI. A conversation among participating CPOs explored how creative thinking and collaboration can foster new leadership strategies and problem-solving initiatives among leaders.

Stephen Remedios, BCG and Cristian Carafi, BCG led the second annual roundtable and presented innovative strategies driving the transformation of people management.

As AI evolves, it becomes less about machines taking over and more about amplifying human potential, enabling us to reach heights previously deemed impossible. AI won’t replace humans. But humans with AI will replace humans without AI.

Stephen Remedios Partner & Associate Director, People Strategy BCG

Karim Mitre, Banco de Credito del Peru

Maria Jose Villanueva Guillen, Grupo Mariposa; Gabriela Gomes de Freitas, Mastercard

Gabriela Ugalde, CCU

Cristian Carfi, BCG

BRAVO Circle of LatAm Chief People Officers

Mar Hernandez, Nu Advisory Partners; Gina Marquez, Arch Staffing & Consulting; Alessandra Rodrigues, Banco Itaú USA; Rafael Barrera Renault, City National Bank; Esperanza Lopez Virtue, FedEx Latin America

SNAPSHOT OF PARTICIPATING COMPANIES

Multinational Corporations

Multilatinas

VC, Media, NGO, Academia, and Government

28th BRAVO Business Awards

2023 Council of the Americas Symposium & 28 th BRAVO Business Awards

2023 BRAVO Business Awards Honorees

On the evening of October 20, the Council of the Americas hosted its annual BRAVO Business Awards at the Perez Art Museum Miami. For 28 years, the awards have recognized excellence and leadership in business and policy in the Western Hemisphere. This year’s honorees represented leadership, dedication, and outstanding expertise in their field -- all critical to ensuring a more prosperous future for the region.

Susan Segal, AS/COA; Francisco Ruiz-Tagle, Empresas CMPC; Luis Miguel Castillo, Grupo Mariposa; General Laura J. Richardson, U.S. Southern Command; Roberto Campos Neto, Banco Central do Brasil; Andres Gluski, The AES Corporation

Honored for his entrepreneurial spirit and strong commitment to driving business growth and social impact in Central America and beyond. During a period of unprecedented volatility, Castillo’s leadership and vision led Grupo Mariposa to grow more than 50 percent in the past six years. As the oldest PepsiCo bottler outside the United States, his strategic vision positioned the company as one of the major industry players in the region, fueled by a firm commitment to the sustainability agenda and social impact initiatives.

Recognized for his dynamic leadership directing the company’s growth and industry-leading sustainability practices. A Chilean multinational company, CMPC is engaged in the production and commercialization of wood, pulp, packaging products, sanitary products, non-domestic products, and tissue paper. Under Ruiz-Tagle’s leadership, CMPC has become one of the largest companies in the sector in Latin America, with more than 95 percent of its forestry assets certified under sustainable forest management protocols, and more than 90 percent of the energy consumed in the company’s operations coming from renewable sources.

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I hope this can be a great inspiration for any company in Latin America… As business people we can think big, and if we have a good plan and the right people on board, the rest will come.

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This is not only a recognition to my person, but to my entire team, as we have been working for years to deliver on the business transformation needed to face today’s challenges around climate, nature and inequality.

Chairman Grupo Mariposa

CEO CMPC

Luis Miguel Castillo

Francisco Ruiz-Tagle

BRAVO Visionary Business Leader of the Year

BRAVO Sustainability CEO of the Year

Pix – Banco Central do Brasil

Accepted by:

General Laura J. Richardson

Roberto Campos Neto, Governor Commander U.S. Southern Command

Recognized the instant payments system’s profound impact promoting competition, transparency and inclusion in Brazil’s financial system, becoming a model not only for Latin America, but for the world.

Since its launch in 2020, Pix has had tremendous success, now in use by more than 700 financial institutions and by 80 percent of Brazilian adults, advancing financial inclusion in Brazil at an unprecedented rate. A pioneer in bancarization, Pix has transformed the financial services ecosystem in Brazil, leading all retail payments and reducing challenges associated with payments and money transfers. As the champion behind the groundbreaking initiative, Roberto Campos Neto, Governor, accepted the award on behalf of the central bank of Brazil.

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Pix is just part of the plan, so we need to keep working. There are a lot of new features that were going to add to Pix soon and we hope that people will look at the Central Bank and understand that we have a mission to make people’s lives better.

Honored for her impressive career progression and leadership. General Richardson is the second woman to achieve the rank of four-star general in the U.S. Army and first to lead the U.S. Southern Command. Through her commitment to strengthening U.S.Latin America engagement, she has made a powerful impact promoting freedom, democracy, security, respect for human rights and the rule of law in the region. The U.S. Southern Command is a critical player to promote security and stability in the region, which are essential to attracting and maintaining investment for businesses in Latin America.

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Economic investment is our strongest instrument of national power for team USA and team democracy in the Western Hemisphere, by helping democratic countries deliver stability and security for their people.

BRAVO Beacon of Innovation

BRAVO Hemispheric Leader of the Year

“Each year, the BRAVO Business Awards gives us the opportunity to stop and recognize the truly remarkable work of our peers in business and policy in the Americas. Tonight, we are elated to celebrate a diverse group of honorees who have demonstrated excellence and extraordinary leadership in their respective fields.

Susan Segal

CEO & President AS/COA

Remembering Luis Miguel Castillo (1970- 2023)

Luis Miguel Castillo passed away shortly after accepting the BRAVO Visionary Business Leader of the Year award, where he was recognized for his visionary leadership in the growth and expansion of Grupo Mariposa.

“Since he began as Chairman six years ago, Luis Miguel’s entrepreneurial spirit and strong commitment to driving sustainable business growth and social impact have fueled the organization’s ability to continue to reinvent itself.

Today, Grupo Mariposa is one of the region’s fastest growing multilatinas, with over 50 integrated companies operating over 19 countries.

María Lourdes Teran

Vice President & Head of Miami Office AS/COA

Susan Segal, AS/COA; Luis Miguel Castillo, Grupo Mariposa; Maria Lourdes Teran, AS/COA

Andres Gluski, The AES Corporation; Francisco Ruiz-Tagle, Empresas CMPC; Susan Segal, AS/COA

Annali Duarte, Bank of America; Andres Gluski, The AES Corporation; Roberto Campos Neto, Banco Central do Brasil; Susan Segal, AS/COA

Susan Segal, AS/COA; General Laura J. Richardson, U.S. Southern Command; Andres Gluski, The AES Corporation

Sebastian Abud, Empresas CMPC; Regina Diaz de Leon, Fitch Ratings; Alejandra Pavon, Empresas CMPC; Kathleen Holtzman, Fitch Ratings; Fernando Hasenberg, Empresas CMPC; Todd Martinez, Fitch Ratings

Yosbel Ibarra, Greenberg Traurig; Ragnhild Melzi, AS/COA; Martin Fernandez, Moody’s Investors Service

Thiago Fernandes, Bank of America; Yndira Marin, AS/COA; Marcelo Fumasoni, Televisa Univision; Alejandro Anderlic, Salesforce

Helmut Reisinger, Palo Alto Networks; Carlos Medina, CEMEX

Rosa Maria de Frade, Grupo Mariposa; Gabriel Torres-Brown, Kenvue

Ramiro Ortiz, Grupo Promerica; Enrique Bolaños, INCAE; Carlos Enrique Mata & Juan Pablo Mata, Grupo Mariposa

Annali Duarte, Bank of America; Rosana Padilla, Kenvue

Jordan Schwartz, Inter-American Development Bank; Theo Pappas & Pedro Pereira, SAP

Cristina Lopez; Gustavo Lopez, Ole Distribution; Sarita Pupo-Mayo; Gustavo Pupo-Mayo, Television Association of Programmers Latin America

Mauro Ribeiro, Votorantim; Pierre-Julien Loriquet, HSBC Bank; João Schmidt, Votorantim; Francisco Ruiz-Tagle, Empresas CMPC; Mercedes Fernandez, AS/COA

Marcos Gunn, CHUBB; David Mizrahi, Pernod Ricard

Arturo Cabanas, Ligia Lopes, Leandro Bennaton, Jennifer Prescott, Nayana Rizzo Sampaio; Amazon Web Services (AWS)

Andres Palacio, Bruno Campos, Eduardo Argüello, Moises Vidal, Jean Paul Antello, Margarita Carrillo , Annali Duarte, Marcelo Moussalli, Thiago Fernandez, Milene Pisselli; Bank of America

Tania Castaño, Luiz Vasconcelos & Anylda Morales, FedEx Express

Carlos Enrique Mata Saravia, DNA Ventures; Rosa Maria de Frade, Grupo Mariposa; General Laura Richardson, U.S. Southern Command; Carlos Enrique Mata & Juan Pablo Mata, Grupo Mariposa; Sgt. Maj. Rafael Rodriguez, U.S. Southern Command

Matias Bendersky, Inter-American Development Bank; Gabriela Gomes de Freitas, Mastercard; Darren Ware, Mastercard

João Vitor Menin, Banco Inter; Roberto Campos Neto, Banco Central do Brasil; Marcelo Claure, Bicycle Capital

Pierre-Julien Loriquet & Monica Duwe, HSBC Bank; Alejandra Pavon & Fernando Hasenberg, Empresas CMPC

AS/COA Team

Maria Lourdes Teran, AS/COA; Oscar Arroyo, Grupo Mariposa; Yosbel Ibarra, Greenberg Traurig

Juan Pablo Pereira, Alejandra Pavon, Nicolas Gordon, Francisco Ruiz-Tagle, Sebastian Abud, Daniel Moore, Fernando Hasenberg; Empresas CMPC

Ambassador Marlene Fernández del Granado, Arcos Dorados S.A.; Roberto Campos Neto, Banco Central do Brasil

Jose Valls, Globant; Geraldine Lanusse; Diego Barral, Globant; Luciana Barral; Nicolás Kaplun, Globant; Veronica Kaplun; Ariel Capone, Globant; Florencia Chercasky; Beatriz Azcuy, Sidley Austin LLP

Madelka McCalla & Kleber Costa, The AES Corporation; Carol Costa

Lazaro Figueroa, Banco Promerica El Salvador; Andres Gluski, The AES Corporation; Roberto Campos Neto, Banco Central do Brasil; Kleber Costa, The AES Corporation

Sponsorships & Strategic Partnerships

2023 Council of the Americas Symposium & 28 th BRAVO Business Awards

Sponsorships & Strategic Partnerships

Align your brand with influential business and government leaders, industry pioneers, and visionaries with your sponsorship. Invest in brand exposure for the next year, where your company’s logo/brand will appear on high-impact promotional campaigns in various platforms throughout the year.

Sponsors will have premier access to the upcoming 2024 BRAVO Leadership Series’ public and private forums (including COA Symposium & BRAVO Business Awards). They will gain global insights from top international speaker on challenge and opportunities facing Latin America’s business landscape, as well as have the opportunity to engage with top regional and global leaders.

A special thank you to our 2023 Sponsors & Partners:

In Partnership with

For more information:

Maria Lourdes Teran

VP & Head of Miami Office

AS/COA Miami

mteran@as-coa.org

+1 305-793-6537

Luciana Sabillon

Senior Manager

AS/COA Miami

lsabillion@as-coa.org

+1 786-493-7776

Cyndi Balladeres

Senior Manager

AS/COA Miami

cballaderes@as-coa.org

+1 786-302-8508

Platinum Sponsor