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Robert R. Pires, MBA, CFA

Robert 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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