Cayman Alternative Investment Summit - BRAZIL

DECEMBER 3RD, 2019 – SÃO PAULO DECEMBER 5TH, 2019 – RIO DE JANEIRO

Platinum Sponsor

Gold Sponsors

cais.ky/brazil Silver Sponsor

Bronze Sponsors

CAYMAN ISLANDS

CAYMAN ISLANDS

CAYMAN ISLANDS

Welcome from the Premier of the Cayman Islands I extend my warmest greetings from across the miles and my sincere regret that I am not personally able to join all of you at the inaugural Cayman Alternative Investment Summit (CAIS) Brazil. I am confident our Cayman Islands Government representatives in attendance will convey our genuine honour to be part of this event and to discuss how our two great countries can work together to achieve mutual goals of fiscal responsibility and prosperity.

Our countries may be 3,000 miles part, but we are closely aligned in terms of our common interests: a love of good food, good music and a commitment to future economic prosperity based on transparent communications, sound regulatory frameworks and world class service providers.

There are presently over 200 Brazilian nationals and 150+ Brazilian companies based in the Cayman Islands. We warmly welcome these individuals and organizations and hope they will join us in conveying to you the benefits of living and working here. CAIS provides you with a unique opportunity to learn first-hand from our private sector partners about the benefits of doing business in the Cayman Islands. We remain at the forefront of regulatory changes across the globe and we intimately understand the impact of those changes on organizations which choose to do business here. Our Government is fully committed to continue to adapt to global changes and to elevate and maintain our status as a pre-eminent international financial centre.

If I may impart one simple message – We are open for business and we very much welcome Brazilian companies to our shores.

As you will learn during CAIS Brazil, we also host an expanded version of this conference in the Cayman Islands in February. I hope you will have the opportunity to attend that conference as well, so you may view our world class infrastructure, learn more about our pro-business environment, and that I may have the opportunity to meet with each of you at that event.

Once again, welcome to CAIS Brazil 2019.

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Hon Alden M McLaughlin MBE JP MLA The Premier of the Cayman Islands

Welcome from the President of Dart Real Estate and Representative of Dart Family Office On behalf of Dart Real Estate, the Platinum Sponsor of CAIS Brazil, and as a representative of the Dart Family Office, I extend our genuine appreciation to each of you for joining us at today’s conference. We have carefully curated an agenda that we hope will provide you with information about the ease of doing business from the Cayman Islands, and inspire you to give serious consideration to our jurisdiction as a place to establish an economic presence for your organization, and equally a physical presence for residency or a vacation home.

Jackie Doak President Business Development

Our Dart Family Office was established in the Cayman Islands over 25 years ago because we saw the significant potential in the future of the Cayman Islands and the merits that this British Overseas Territory has long possessed; a pro-business culture, close proximity to the United States and of course our globally acclaimed beaches and crystal-clear turquoise sea. In the decades since our organization first established a presence here, we have invested over USD $1.5 billion in the Cayman Islands, largely in infrastructure, luxury resorts and residential properties, and Class A commercial office space. As we look ahead to the future, we have made a firm commitment to continue our considerable financial investments in the jurisdiction to ensure it remains a premier place in the world to live and work. It is fair to say there are few other places on the globe that offer the level of professional service, quality infrastructure, stable and effective governance, sound economic and regulatory environments and personal safety as can be found in our tax-neutral country. It is for these reasons that the Cayman Islands was ranked as the “Easiest place to do business” in the world by The Global Complexity Index in 2019.

We are grateful to have the opportunity to partner with the Cayman Islands Government in attracting new investment to the Cayman Islands, and we are equally so appreciative of the support and partnership from our co-sponsors of this event – Alexandria Bancorp, CIBC First Caribbean, KPMG, Ogier and Maitland. Our collective team looks forward to being at your service at this event to answer your questions, and convey our famous CaymanKind hospitality. Finally, we sincerely appreciate the warm welcome we have received from the colleagues we have already met in Brazil and we look forward to sharing information with our friends and partners about what a fabulous place this is to visit.

Welcome and enjoy CAIS Brazil!

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Simplicity. Safety. Sophistication.

That is the essence of what attracts people to live and work in the Cayman Islands.

Ranked as the easiest place to do business

by The Global Complexity Index in 2019 this tax-neutral British Overseas Territory has earned accolades for being a straight forward place to work, where establishing a physical presence is a simple process thanks to world-class service providers, a stable and efficient government and a highly regulated financial services industry.

The Cayman Islands has also been recognised as the friendliest country in the world1, a reflection of its welcoming population long accustomed to the presence of international corporations on Grand Cayman. A low crime rate, a well-established judiciary and a high standard of living contribute to the safe living and business environment.

This sunny Caribbean nation is also renowned for its infrastructure, luxury resorts and residential properties, world-class culinary scene and international community, all which contribute to a sophisticated place in which to live and work. From a new airport and extensive airlift, to modern roads, three hospitals, quality power, water and internet providers, and more, it’s small wonder that visitors and new residents alike often express their surprise and delight by the livability of Grand Cayman given its Caribbean address.

Dart Real Estate has made significant contributions to that sophisticated lifestyle, investing over US $1.5 billion in luxury resorts and 4 residential properties, Class A commercial office buildings,

public infrastructure projects in partnership with government and most notably its flagship development, Camana Bay. Camana Bay is a 685-acre waterfront town centre founded on the principles of New Urbanism and home to global legal and accountancy firms, as well as an array of retail boutiques, food and beverage establishments, an international school with an IB programme, and OLEA, a residential community now under construction and offering condos, townhomes and villas for sale.

Planning is underway to introduce a new commercial office building at the town centre, one which will accommodate the growing interest from prospective tenants in the family office, reinsurance and financial services sectors, including those organisations needing space to meet economic substance requirements. Dart also announced in early 2019 that it was exploring the possibility of building a tall tower at Camana Bay, a property which if approved will establish a new standard for luxury real estate on Grand Cayman and enhance the status of the Cayman Islands globally.

A short drive from Camana Bay is another Dart development, Kimpton Seafire Resort + Spa, and The Residences at Seafire. The AAA Five Diamond award winning resort shares a 12 acre property on Seven Mile Beach with The Residences at Seafire, the newest luxury condominium development ready for immediate occupancy on Grand Cayman. The 62-unit

property offers contemporary one-to-five bedroom residences that are ideally suited for residents, part-time residents and those applying for permanent residency. An optional rental program managed by the Kimpton is available to purchasers interested in renting their property when not on island.

Properties for sale at The Residences at Seafire and OLEA, as well as other luxury real estate, are represented by Provenance Properties, Dart Real Estate’s brokerage and the official Christie’s International Real Estate affiliate in the Cayman Islands. Clients benefit from three distinct offerings: one-stop service for all commercial, residential and relocation service needs, in-depth and proprietary market analyses, and access to the privileged Christie’s Real Estate marketing programmes and network of like-minded individuals.

Beyond the role of real estate developer, Dart is committed to the Cayman Islands. Through its thoughtful and innovative local investments and strategic partnerships with both the Cayman Islands Government and the private sector, Dart shares a vision of growth and sustainable development for the Cayman Islands which advances its position as a premier financial services jurisdiction. The Dart Real Estate team helps business owners and individuals learn about the benefits of living and working in the Cayman Islands, and assists with making the relocation process an efficient and positive experience.

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HSBC Expat Explorer Survey, 2012

QUICK FACTS: Total Population:

61,361

(Cayman Islands Government, 2017)

Nationalities Represented:

130+ 200+

Brazilians residing in the Cayman Islands

Official language:

ENGLISH

Political status

Direct flights from the Cayman Islands Canada

USA

Toronto................... 4hr 5 min

Atlanta................... 2hr 45min Charlotte............... 3hr 5min Chicago................. 4hr 10 min Dallas..................... 3hr 40min Denver..................... 4hr Fort Lauderdale..... 1hr 35min Houston................. 3hr 10min Miami..................... 1hr 30min New York................ 3hr 45min Tampa..................... 1hr 40min Washington DC...... 3hr 15min

UK London.................... 10hr 45min (Via Nassau)

BRITISH OVERSEAS TERRITORY Official currency:

CAYMAN ISLANDS DOLLAR (KYD) KYD$1

USD$1.25

Average household income:

USD$65,000 Average high:

30째C / 87째F Average low:

United Kingdom

Canada

EUROPE

24째C / 76째F

NORTH AMERICA United States of America

AFRICA

THE CAYMAN ISLANDS

Learn more about Dart Real Estate at dartrealestate.com and Provenance Properties at provenanceproperties.com

SOUTH AMERICA Brazil

cais.ky/brazil Chile

Argentina

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The clear choice KPMG in the Cayman Islands is one of the leading professional services firms in Grand Cayman, with more than 330 employees from over 25 countries delivering audit, tax and advisory services to clients worldwide.

We recognize our clients and stakeholders face an increasingly complex business environment. In response to this rapidly evolving market, we are committed to providing the highest quality services, whether that’s audit, tax, or advisory services.

We have a dedicated Latin America Asset management team, serving over 250 funds covering multiple Latin American Managers. This team, some of whom originate from Latin America, possess an in depth knowledge of the market and economy. This allows us to focus on what matters most and propose solutions that are most relevant to your ongoing success.

Get in touch today for more information on the services KPMG in the Cayman Islands can provide to you. kpmg.ky

Bruno Lewkowicz

Director, Asset Management T +1 (345) 914-4176 E brunolewkowicz@kpmg.ky

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Š 2019 KPMG, a Cayman Islands partnership and a member firm.

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AGENDA TIME

TOPIC

PRESENTERS

DETAILS

08:00

Coffee & Registration

Registration and light breakfast served

08:30

CAIS Brazil Intro

Chris Duggan (Dart Enterprises)

Welcome and overview of the agenda.

08:45

Cayman Islands Government – We Welcome Brazil!

Eric Bush (Cayman Government Representative)

The Cayman Islands Government on growing the relationship with Brazil – Including a video message from the Premier Hon. Alden McLaughlin.

09:20

The Executive Discussion – The importance of Offshore to Brazilian Asset Management

Carlos Salamonde (ITAU SS) Moderator Marcelo Giufrida (Garde Asset Management) Acácio Roboredo (Alaska Asset Management) Felipe Niemeyer (Canvas Capital) – São Paulo Camila Souza (Adam Capital) – Rio de Janeiro

A C-Suite / Executive discussion around the fundamental importance of both the inflow and outflow of capital offshore.

Focus on: 1. The importance of having an offshore component to a portfolio given the falling Brazilian interest rates; 2. The difficulties Brazilian managers are experiencing raising capital offshore given the increased uncertainty around the 4373 regimes.

MORNING BREAK 10:20

A Fireside Chat Cayman Finance and the Cayman Islands Monetary Authority

Chris Duggan speaks to Jude Scott (CEO Cayman Finance) and Heather Smith (Cayman Islands Monetary Authority)

Chris Duggan will have a fire side chat with Jude Scott and Heather Smith on “Why Cayman is a primary International Investment hub, upholding the highest standards of regulation and acting as a key gateway Jurisdiction for foreign investment into Brazil.”

11:10

The Brazil Cayman relationship – A legal synopsis of the current and future state of the relationship.

Giorgio Subiotto (Ogier) Moderator Isabela Nunes (Freitas Leite) Fabricio Avino (Cepeda Advogados) Ana Carolina Nomura (Matos Filho)

A detailed discussion around the Brazil / Cayman relationship with a specific focus on the Brazilian BO disclosure and the impacts on 4373 accounts (1634 Normative instruction from Brazilian tax revenue services).

12:00

Cayman Islands Relocation and Physical Presence

Cayman Presentation: Sue Nickason (Dart Real Estate) Cline Glidden (Ogier)

• Relocating to Cayman / Immigration • Economic Substance • Setting up business in Cayman / License and Work Permits

LUNCH – NETWORKING 13:45

The Operational Complexities – The solutions to challenges in front when offshore investing

Benjamin Reid (Maitland) Kevin Brett (KPMG in the Cayman Islands) Carla Madeira (Truxt Investimentos) Rossana de Maio (Bahia Investimentos) Roberta Tiemi Hashimoto (Itau Asset Management)

Maitland and KPMG will, together with a handful of managers, demystify the complexities facing Brazilian managers when shifting capital offshore – from Instrument pricing, middle office gap, to the end of year audit process.

14:35

Cayman Regulatory Updates

Giorgio Subiotto (Ogier) Andrew Graham (Cayman Islands Monetary Authority) Dan Peterson (CIBC) Ben Gillooly (Ogier Director) Catherine Houts (KPMG in the Cayman Islands)

• Key updates - Economic Substance, GDPR / Cayman Data Protection • Other updates - Beneficial Ownership, Country by country Reporting, MiFID II, AIFMD Passporting; • Cayman AML changes

AFTERNOON BREAK 15:40

Attracting Foreign Capital – Liquid vs. Illiquid

Nick Smale (Brunel Advisors) Moderator Fabio Dall Acqua (Neo Investimentos) Marco D’Ippolito (Patria Investimentos) Guilherme Ferreira (Jive Investimentos) Daniel Simon (Newfoundland Capital)

Liquid vs. illiquid strategies – A detailed discussion on the future inflows under the Bolsanaro Presidency and where do key market figures see foreign investment flowing post the Pension and Social reforms.

16:30

Keynote

Mark Yusko (Morgan Creek)

Around the World with Mark Yusko.

17:15

Closing Remarks

Chris Duggan (Dart Enterprises)

CAIS20.

COCKTAIL HOUR

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CAYMAN AND BRAZIL TEAMS AND KEYNOTE SPEAKER

Mark W. Yusko

Chief Executive Officer and Chief Investment Officer Morgan Creek Capital Management

Eric Bush

Chief Officer - Ministry of International Trade, Investment, Aviation and Maritime Affairs Cayman Islands Government

Heather Smith

Head of the Investments and Securities Division Cayman Islands Monetary Authority

Andrew Graham

Jude Scott

Deputy Head of the Investments Supervision Division Cayman Islands Monetary Authority

CEO

Cayman Finance

Chris Duggan

Sue Nickason

Benjamin Reid

Scott Price

Marta Pires

Giorgio Subiotto

Cline Glidden

Tim Cone

Managing Associate, Investment Funds Ogier

Ben Gillooly

Kevin Brett

Senior Associate Ogier

Catherine Houts

Luke Murray

Robert Madden

Connan Hill

Dan Peterson

VP Business Development Dart Enterprises

Partner & Head of Global Latin American Practice Ogier

Director, Tax KPMG

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VP Marketing and Sales Dart Real Estate

Partner, Asset Management KPMG

Head of Business Development & Client Management (Latin America and the Caribbean) Maitland

Managing Director Alexandria Bancorp Limited

Head of Private Equity and Hedge Fund Services Maitland

Director of Fund Services Ogier

Senior Manager, Business Development CIBC FirstCaribbean International Bank

Client Relationship Manager Maitland

Director, Audit KPMG

Business Manager - Financial Intermediaries CIBC First Caribbean International Bank

Visit cais.ky/brazil for the full speaker list.

International Banking Solutions Our multi-jurisdictional teams provide Corporate, Personal and Private Banking solutions. We are long term relationship driven, not only to help manage and maintain wealth, but to offer appropriate means for increasing it.

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Investment and Asset Management Solutions Custodial Services Accounts in major currencies International Payments and Cash Management Services "Real-Time" Internet Banking Treasury Products and Services Trade Finance Solutions (NAIC & OSFI Approved Letters of Credit)

For more information visit: www.cibcfcib.com The CIBC logo is a trademark of Canadian Imperial Bank of Commerce, used by FirstCaribbean International Bank under license.

Trust to Protect Offshore Private Banking Global Investment Services Global Estate Planning

Cayman +1.345.945.1111 Barbados +1.246.228.8402 www.alexandriatrust.com

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Alexandria’s products and services are available only in those jurisdictions where they may be legally obtained or offered. Barbados: Alexandria Trust Corporation is licensed and regulated by the Central Bank of Barbados to provide trustee services under the Financial Institutions Act. Cayman Islands: Alexandria Bancorp Limited is licensed and regulated by the Cayman Islands Monetary Authority (“CIMA”) to provide trustee and foreign banking services under the Banks and Trust Companies Law, and Alexandria Global Investment Management Ltd. is licensed and regulated by the CIMA to provide securities and investment services under the Securities Investment Business Law. Alexandria is wholly-owned by Guardian Capital Group Limited, a Canadian public company (TSX:GCG).

6 E 7 DE FEVEREIRO DE 2020 | KIMPTON SEAFIRE RESORT + SPA, GRAND CAYMAN

Global.

Digital.

Responsável.

Com mais de 80 especialistas do setor e palestras para dar continuidade às conversas de hoje, a CAIS20 apresentará uma abordagem instigante sobre o futuro dos investimentos alternativos.

Participe da conversa com os principais nomes do mercado, poder público, tecnologia, imprensa e filantropia, entre eles, o formador de opinião Ian Bremmer (Eurasia Group) e Leda Braga (CEO da Systematica), em um debate sobre as principais tendências do mercado: Globalização | Riscos geopolíticos | | Inteligência artificial | Automação | | Digitalização | Clima | ESG | Investimentos responsáveis INSCREVA-SE AGORA e ganhe 15% de desconto usando o código CAISBrazil em cais.ky

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