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27. Mr. José Luiz Osorio de Almeida Filho

Former CVM Chairman, Brazil

Mr. Osorio is the former Chairman of the Securities and Exchange Commission of Brazil.  He also held positions as the Director of Privatizations Banco Nacional de Desenvolvimento Econômico e Social – BNDES, and Director-Superintendent BNDES Participações S.A. – BNDESPAR (BNDES Investment subsidiary).  Prior to that, Mr. Osorio worked for several global investment banks both in the US and in Latin America region. He was the President and Managing Director of Lehman Brothers do Brazil,  Director of Banco Icatu, Investment Banking Department and Icatu Securities in New York,  the manager of Banco de Investimentos Garantia in São Paulo and Garantia Inc. in New York, Vice-Director of Chase Manhattan Bank and Assistant Vice-President of Banco de Boston in Rio de Janeiro and Boston.

Mr. Osorio holds B.S. Civil Engineering Pontifícia Universidade Católica do Rio de Janeiro and an  MSc in Engineering Stanford University, 1978.

A Regional Seminar on the Development on Non-Bank Financial Institutions in Latin America Region

Santiago- Chile

12/4/2002Page 31 of 49

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