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 Robert R. Pires, MBA, CFA

robert-piresRobert Pires is a Chartered Financial Analyst with approximately 35 years’ experience in the management of multi-currency portfolios for institutional and private clients located around the globe.

After working in major money centres overseas, Mr. Pires returned to Bermuda in 1991 and established Bermuda Investment Advisory Services Limited (BIAS), an investment management company that provides services to Bermuda-based companies, captive insurers, trusts, and private clients. In 2004, BIAS (Cayman) Limited was established to provide these same services in the Cayman Islands. In December 2006, BIAS Global Portfolios SPC mutual funds were established in the Cayman Islands and listed on the Cayman Stock Exchange. BIAS funds are now also listed on the Bermuda Stock Exchange.

Prior to establishing BIAS, Mr. Pires was employed in London by Mercury Asset Management, currently part of BlackRock, as a senior portfolio manager responsible for multi-currency global fixed income portfolios. Clients included pension funds, central banks, insurance companies, mutual funds, and high asset value individuals. In 1990, he was seconded to Australia to represent Mercury as a senior executive in a fund management joint venture with Australian stockbroker Potter Partners. He sat on the Executive Committee as well as the Investment Committee where he provided the global input when setting asset allocations.

Mr. Pires' experience includes managing the investments of the Bermuda Monetary Authority (BMA). During his three-year assignment, he realised a return on the Authority's portfolio of over 70 percent versus an index performance of 37.92 percent.

Mr. Pires has worked for both the Bank of Bermuda (now HSBC) and the Bank of Butterfield in Bermuda. At the Bank of Bermuda he assisted in the management of fixed income portfolios including the Bermuda International Bond Fund. At the Bank of Butterfield, he managed Butterfield's US Dollar Bond Fund.

Mr. Pires has an MBA in International Business Finance from George Washington University and is a Chartered Financial Analyst.

Throughout his career, he has served as director on the boards of various international companies based in Europe, South America, the Caribbean, as well as Bermuda. He served as Vice President of the Bermuda Employer's Council, on the Board of Governors of the Bermuda College and Stonington Beach Hotel. In April 2001 he became a director of the Regal Beach Club, a holiday resort complex in the Cayman Islands.

In 2002 Mr. Pires as Managing Director of BIAS was winner of The Bermudian magazine’s Best of Bermuda Gold Awards under the category of Investment Advice in recognition that BIAS “is the number-one place to turn when you need prime investment advice.” In 2010 and 2011, the award was extended to BIAS a further two times.

Mr. Pires was actively involved with Big Brothers and Sisters and is currently a member of the Bermuda Squash Racquets Association. Mr. Pires is frequently asked to sit on discussion panels speaking on issues related to Bermuda’s cultural diversity.

Mr. Pires is an avid art collector and collects Bermuda’s best artists. He is also collecting Caymanian artists’ work. In 2004 Mr. Pires produced and narrated a documentary film on the connection between Bermuda and the Azores called “The Returnees” which is currently available on www.amazon.com. In 1999 Mr. Pires was instrumental in raising financing to fund an exhibit of Azorean artists at the Bermuda National Gallery to commemorate the 150th anniversary of planned migration of Portuguese to Bermuda and was instrumental in getting one of Bermuda's tourist attractions renamed "Portuguese Rock".

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 Mark J. Melvin, FCA, CFA

mark-melvinMark Melvin is a qualified Chartered Accountant (UK) and Chartered Financial Analyst with over 35 years international experience in business and finance. He joined BIAS in 1993 and is a senior member of the management team working closely with Robert Pires in developing the company’s corporate and investment strategies.

Previously, Mr. Melvin had been Chief Financial Officer and Director of exempted venture capital company, Eastbrook. Joining Eastbrook in 1988, he had responsibility for the management of the Bermuda, Brazil, London and Paris offices as well as the financial control for the worldwide group operating in 13 countries across the U.S., South America, Europe and the Far East.

Mr. Melvin first arrived in Bermuda in 1985 to join the Bermuda Monetary Authority in his principle role of regulator to the financial services industry on the island. Working closely with the Bank of England and Bank for International Settlements, he implemented many of the now well established and internationally recognised Bermuda banking regulatory standards. Towards the latter part of his appointment he was seconded as a part-time financial advisor to the Ministry of Finance and acted as Inspector of Companies reporting on several official inquiries.

Mr. Melvin completed his accounting training and qualifications in the City of London, working for the long-established accountancy firm, Moore Stephens & Co, before moving to Charterhouse Bank. Focusing on operational matters with Charterhouse, Mr. Melvin was seconded to Jersey and the Bahamas to lead both operational and computer systems related projects.

Mr. Melvin is a board member of the Bermuda Zoological Society, the charity that provides educational funding and research grants to the Bermuda Aquarium and Zoo, as well as sitting on the board of the West End Development Corporation, a Bermuda government quango tasked with management and development of the Royal Naval Dockyard and surrounds, where he also sites on the Audit Committee.
Mr. Melvin also acts as non-executive director on the boards of other international companies located in Bermuda.

He is a member of the Bermuda Society of Financial Analysts. In 1996 he was appointed to the international Curriculum Board of the Chartered Financial Analyst’s examining body, having been involved with them in grading examinations since 1993. He is involved with numerous local Bermuda sports clubs and associations and has twice chaired the Round the Sound Swimathon charity event. He has been a board member of the Sharks swimming club and of the Bermuda Lawn Tennis Association. He is married with two children.

 

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