We have secured another two-year seat on the board of the International Investment Funds Association (IIFA), which brings together 25 associations from around the world, collectively representing 97% of global investment fund assets. ANBIMA will be represented by our CEO, Zeca Doherty. The election took place during the 37th Annual IIFA Conference, which concluded on Wednesday (9) in Dublin. Eric Pan, CEO of the Investment Company Institute in the U.S., was elected as the new board chair.

On Tuesday (8), we participated in the South America panel, providing an overview of the Brazilian market and the key topics driving our industry.

Alongside Doherty were Mónica Cavallini Richini, from the Chilean Mutual Funds Association, and Valentín Ignacio Galardi, from the Argentine Mutual Funds Association. Brazil is by far the largest fund market in the region, with net assets totaling $2.5 trillion, roughly 75% of the country’s GDP. For comparison, the second-largest market is Chile, with $80 billion.

Doherty outlined the changes introduced by Resolution 175, implemented by Brazil’s Securities and Exchange Commission, highlighting how they transformed the country’s fund industry by boosting transparency and efficiency in the market. He also noted how these changes brought the Brazilian industry in line with international standards. “This alignment strengthens Brazil’s position on the global opportunities map,” he said.

In addition to discussing Resolution 175, our director addressed other important points on the association’s agenda, such as the role of social media influencers in investment discussions, the progress of our ESG initiatives, and the focus of the innovation agenda: artificial intelligence and tokenization.