The growing internationalization of Brazil’s capital markets — and the view of global investment as a two-way street — took center stage at Anbima Global Insights, which brought together more than 600 executives in São Paulo in early October. 

The event brings together fund managers, consultants, and investment advisors to explore the importance of offering international allocation strategies to clients. It fosters dialogue on global portfolio diversification, practical approaches, and market trends, reinforcing ties between Brazilian professionals and international opportunities in asset management. 

Opening the second edition of the event, Anbima Chairman Carlos André highlighted the essential role of distributors in connecting investors to a world of opportunities. “The mission of every professional in our industry,” he said, “is to translate the market for investors, identifying real opportunities and aligning expectations with long-term goals. Internationalization depends on your ability to guide clients with clarity, responsibility, and vision.” 

Anbima Chairman Carlos André

International investing is no longer just about access to new products, he added. It’s about risk management, resilience, and a broader vision of portfolio construction in an increasingly interconnected world.  

Anbima has contributed through its own initiatives, including the launch of a practical guide for direct investments abroad and a new micro-certification on international diversification, now available on Anbima Edu — the association’s educational platform. The micro-certification is a short, focused program aimed at professionals looking to expand their knowledge of global asset allocation and help clients diversify their portfolios abroad. 

Brazil in the global spotlight 

One of the conference’s key themes was the need to enhance Brazil’s global image. As Anbima CEO José Carlos Doherty reminded the audience, the country’s market is already aligned with international best practices, featuring strong institutions, transparency, and modern infrastructure. 

“For many years, our focus was primarily on regulatory and self-regulatory matters,” he explained. “Three years ago, we expanded this agenda to include business development, creating opportunities for our members, for our community, and for investors,” Doherty added. 

The panel “Brazil on display: how to strengthen our global image?” examined how the country’s maturity and regulatory sophistication can be better communicated to international audiences.  

Anbima CEO José Carlos Doherty

As Flávia Palacios, CEO of Opea, put it, “We have to take responsibility for telling Brazil’s story, for selling what we do well.” Her message was echoed by Ricardo Eleutério, COO of Bradesco Asset Management, who highlighted how the private credit market has deepened significantly in just a few years, supported by a robust secondary market. 

The consensus was clear: Brazil has already built the foundations of a world-class capital market. The next challenge is visibility, transforming credibility into recognition, and recognition into opportunity. 

A mature market, ready for connection 

For Tatiana Itikawa, Anbima’s Chief of Regulatory Policy, Business Development, Self-Regulation, and International Affairs, the Brazilian market is entering a new phase, one marked by maturity and readiness to engage more assertively on the global stage. 

“We have more investors, more products, and more diversity in business models,” she said. “Anbima is evolving with the market, not just observing this shift, but actively supporting it.” 

This growing international presence includes everything from self-regulatory rules for foreign intermediation, to global forums, content production, and bilateral cooperation agreements. 

Itikawa noted that showcasing Brazil abroad builds confidence among foreign investors and regulators, which in turn supports growth and flexibility at home.  

“The more we are seen as a reliable market, the more capital we attract, and the more comfortable our own regulators become in supporting innovation.”