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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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Joe Barbosa, CPA, CA, CFA

Joe BarbosaJoe Barbosa is a qualified Chartered Accountant (Canada) and Chartered Financial Analyst with over 25 years of experience in the financial sector gained within the audit, asset management and reinsurance industries. More recently, Mr. Barbosa has acted in a consulting capacity at the Bermuda Hospitals Board as Interim Controller of Operations.

Previously, Mr. Barbosa held the position of Group Treasurer at PartnerRe, a NYSE publicly listed company for over 15 years. Having joined in 2001 his responsibilities included managing the capital, liquidity and currency risk of the organization together with being the organizational lead in managing rating agency and banking relationships. Mr. Barbosa’s tenure at PartnerRe spanned an important period in the reinsurance sector and included the financial crisis of 2008, various catastrophes, including Katrina, Rita and Wilma in 2005 and numerous mergers and acquisitions, including one that led to PartnerRe becoming a private company in 2016 after being bought by the Italian investment company Exor.

Prior to joining PartnerRe in 2001, Mr. Barbosa held the positions of International Controller and Senior Manager, Treasury (Bermuda) with responsibility for the management of the cash, liquidity and currency risks of the organization.

Mr. Barbosa qualified as a Chartered Accountant in 1992 after graduating from York University in Ontario, Canada in 1989 with a Bachelor of Business Administration degree. During his time in Canada, Mr. Barbosa worked with Mintz & Partners in Toronto covering audit and assurance services together with the preparation and filing of tax returns for both personal and corporate clients. In late 1993 Mr. Barbosa returned to Bermuda and worked with Deloitte & Touche gaining valuable experience within the asset management and reinsurance sectors.

Mr. Barbosa serves as a Trustee and Treasurer of the Bermuda International Film Festivals, the charity that showcases a wide spectrum of foreign films with the hope that the programs will entertain, enlighten and inspire film appreciation in Bermuda. Mr. Barbosa also serves on the Board of the Portuguese Cultural Association (PCA) and as President of the Fiscal Counsel at the Vasco da Gama Club. The PCA’s primary objective is to preserve, promote and spread the Portuguese culture and language in Bermuda and beyond.

Mr. Barbosa is an avid sportsman and enjoys playing soccer, golf and running. He is married and has one child.

 

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