Itaú Unibanco Holding Dominates 2016 Latin America Executive Team
Five Brazil-based companies sweep their sectors — capturing first place in every category in which they are eligible to compete — on the 2016 Latin America Executive Team, Institutional Investor’s exclusive annual ranking of the region’s corporate leaders as seen through the eyes of investment professionals.
• Cielo, a credit card payments processor, is No. 1 in Financials/Nonbanks.
• Itaú Unibanco Holding, Latin America’s largest financial conglomerate, outperforms its peers in Financials/Banks.
• Kroton Educacional, a provider of educational services, tops the Education roster.
• Localiza Rent a Car, an automobile rental agency, leads the lineup in Transportation.
• Vale, a diversified mining conglomerate, is the winner in Metals & Mining.
II asks portfolio managers and sell-side analysts to name the best CEOs, CFOs and investor relations professionals at the Latin American companies they cover, and to evaluate these businesses on several corporate governance attributes, including making board members and senior executives accessible, responding quickly and thoroughly to requests, providing timely and accurate disclosure of essential financial information and so on. Responses to these questions are aggregated to produce an overall rank for each company.
The final positions in each of the four categories — Best CEO, Best CFO, Best IR Professional and Best IR Company — are based on combined buy- and sell-side votes.
Itaú Unibanco captures not only first place in each of these four areas, but also second place for Best IR Professional. Its honorees are CEO Roberto Egydio Setubal, CFO Eduardo Mazzilli de Vassimon and IR Professionals Marcelo Pereira Barreto and Marcelo Kopel.
Although companies from six countries — Argentina, Brazil, Chile, Colombia, Mexico and Peru — are included in this year’s results, those that are headquartered in Brazil are the clear favorites, leading 15 of the survey’s 16 industry lineups. The sole exception is Cement & Construction, where Mexico’s Cemex is No. 1.
Other Brazilian businesses that finish in the top three in every category (and the sector in which each appears) are:
• Ambev (Food & Beverages)
• Banco Bradesco (Financials/Banks)
• BM&FBovespa (Financials/Nonbanks)
• CCR (Transportation)
• CPFL Energia (Electric & Other Utilities)
• Fibria Celulose (Pulp & Paper)
• GAEC Educação (Education)
• Gerdau (Metals & Mining)
• Klabin (Pulp & Paper)
• Linx (Technology, Media & Telecommunications)
• Lojas Renner (Retailing)
• Multiplan Empreendimentos Imobiliários (Real Estate)
• Raia Drogasil (Retailing)
• São Martinho (Agribusiness)
• Ser Educacional (Education)
• SLC Agrícola (Agribusiness)
• Suzano Papel e Celulose (Pulp & Paper)
• Telefônica Brasil (Technology, Media & Telecommunications)
• Tractebel Energia (Electric & Other Utilities)
• Ultrapar Participações (Oil, Gas & Petrochemicals)
• WEG, Brazil (Capital Goods)
Companies headquartered in other countries that also finish in the top three in every category (and the sector in which each appears) are:
• Alpek (Oil, Gas & Petrochemicals) — Mexico
• Cementos Pacasmayo (Cement & Construction) — Peru
• Cemex (Cement & Construction) — Mexico
The 2016 Latin America Executive Team reflects the opinions of 934 investment professionals at 344 financial services firms. Respondents from the buy side work at firms that collectively manage an estimated $218 billion in Latin American equities. Executives are cited at the companies and in the positions they held on June 22, 2016, when polling concluded.
View the region’s most highly regarded entities at Honored Companies in the navigation table at right. They are ranked by each company’s total weighted score (each first-place position is worth three points; second place, two; and third place, one). Names that are highlighted in orange have warranted recognition as a Most Honored Company, a designation awarded to those that earn two or more top-three appearances. In the accompanying table Most Honored Companies are listed above Honored Companies regardless of score.