ELITE launches in South America
- ELITE, IMMC and FIEMG sign collaboration agreement to launch business support & capital raising programme in Brazil
- First ELITE partnership in South America
- Demonstrates LSEG’s commitment to strengthening ties with Latin America’s capital markets
ELITE, London Stock Exchange Group’s international business support and capital raising programme, today announces that it has signed an agreement with Instituto Mineiro de Mercado de Capitais (IMMC) and Federation of Industries of the State of Minas Gerais (FIEMG) to support the launch of ELITE in Brazil.
The agreement was signed today by Thomas Tyler, Global Head of Sales, ELITE, Paulo Ângelo Carvalho de Souza, CEO, IMMC, and Olavo Machado Jr., CEO, FIEMG, in Brazil.
As part of the agreement, ELITE and IMMC will work together to implement ELITE in Brazil and promote the programme and brand locally. ELITE Brazil will support the growth of dynamic companies across the country, helping them to innovate, create jobs and drive economic growth. The first cohort of Brazilian companies is set to join the programme in the second quarter of 2018. They will eventually become part of the full international ELITE community of over 680 companies from across 27 countries.
Luca Peyrano, CEO, ELITE:
“Launching ELITE in Brazil, the largest economy in Latin America and our first partnership in South America, is a significant milestone that we are delighted to celebrate with IMMC and FIEMG. Today’s announcement reinforces ELITE’s enduring commitment to supporting fast growing businesses across the world, as well as IMMC’s and FIEMG’s dedication to backing Brazil’s most dynamic firms.
“These companies have a unique capacity to innovate, create new jobs and ultimately drive economic prosperity. I’m delighted that businesses from across Brazil will have the opportunity to be part of ELITE’s dynamic international community and have access to vital sources of growth funding.”
Paulo Ângelo Carvalho de Souza, CEO, IMMC:
“Having dedicated more than a decade to the strengthening of the capital markets culture in Brazil, IMMC considers the signing of this cooperation agreement with ELITE, and the consequent creation of ELITE Brazil, a revolution for local small and medium-sized enterprises companies in their approach and access to the country’s capital markets, decisively contributing to the development of the Brazilian economy.
“The IMMC team is delighted to join the exceptional ELITE and London Stock Exchange Group teams that with impressive success have contributed to the development of the global capital markets and entrepreneurship environment.”
Olavo Machado Júnior, CEO, FIEMG:
“The cooperation between the Minas Gerais Capital Markets Institute (IMMC), the Federation of Industries of the State of Minas Gerais (FIEMG) and ELITE, along with London Stock Exchange Group , will bring great innovation in terms of preparing Brazilian companies for access to the capital markets and multiple forms of funding.
“By providing Brazilian entrepreneurs with training, diagnosis and high-level advice in their management and governance, supported by best practices of compliance, accountability and investor relations, ELITE will not only contribute to the advancement of the strategic and competitive capacity of the industry, but also promote the integration of companies into the global market. It is a crucial step in the internationalization of the Brazilian economy, also acting at the forefront of cultural change in Brazilian capitalism, still very dependent on public credit.
“We are sure that ELITE Brazil will be a success, since it opens a great window of global opportunities for Brazilian companies”
London Stock Exchange Group (LSEG) has a history of supporting the development of South America’s capital markets and investment in South American companies.
- The Brazilian Real is one of the currencies cleared at ForexClear, LCH’s FX derivatives clearing service (LCH is the clearing house majority owned by LSEG)
- LSEG market infrastructure technology is deployed in two South American markets – by the Peruvian Stock Exchange and Argentina Stock Exchange
- FTSE Russell, the leading global index provider fully owned by LSEG, has several partnerships across Latin America, including the recently announced alliance with Bolsa Institucional de Valores (BIVA) to establish a new set of benchmarks to reflect the Mexican stock market
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