Eighteen newcomers are included among the 79 analysts who appear on the 2016 All-Brazil Research Team, Institutional Investor’s exclusive annual ranking of the nation’s best analysts, including three who are dually ranked. Rogério Araújo of UBS debuts at No. 3 in Transportation and runner-up in Capital Goods. His colleague Andreas Bokkenheuser earns runner-up spots in both Metals & Mining and Pulp & Paper, and BTG Pactual’s Rodrigo Gastim achieves the same feat in Education and Health Care

These fresh faces hail from nine firms. UBS lays claim to the highest number of newcomers, with four. Here is the full list of analysts celebrating their first appearances on the All-Brazil Research Team.

Bank of America Merrill Lynch

• Isabella Simonato, Agribusiness, runner-up

Bradesco BBI

• Victor Mizusaki, Transportation, runner-up

BTG Pactual

• Gustavo Cambauva, Real Estate, runner-up

• Rodrigo Gastim, Education, runner-up, and Health Care, runner-up

Citi

• Pedro Medeiros, Chemicals & Oil, runner-up

Credit Suisse

• Andre Natal, Chemicals & Oil, second place

• Felipe Vinagre, Transportation, runner-up

Itaú BBA

• Antonio Barreto, Agribusiness, second place

• Pedro Manfredini, Electric & Other Utilities, runner-up

• Diego Mendes, Chemicals & Oil, runner-up

J.P. Morgan

• Joseph Giordano, Health Care, runner-up

• Pedro Leduc, Food & Beverages, third place

Santander

• Bruno Amorim, Transportation, runner-up

• João Mamede, Retailing, runner-up

UBS

• Rogério Araújo, Capital Goods, runner-up, and Transportation, third place

• Andreas Bokkenheuser, Metals & Mining, runner-up, and Pulp & Paper, runner-up

• Philip Finch, Financials/Banks, runner-up

• Gustavo Piras Oliveira, Retailing, runner-up

The 2016 All-Brazil Research Team is based on responses from 714 buy-side analysts and portfolio managers at 375 institutions that oversee an estimated $252 billion in Brazilian equities and $136 billion in Brazilian debt.

Complete survey results will be released tomorrow.