Banco Pactual S.A. together with its subsidiaries provides various commercial banking and other financial services in Brazil. The company’s service portfolio includes proprietary trading, investments, asset management, corporate finance, capital markets, private banking, and sales and trading. It operates in the fixed income, equity, and interest and exchange rates markets, as well as in stock markets and sovereign foreign debt markets. The company offers various investment services, including identifying, structuring, monitoring, and making investments in different industries and companies. It provides asset management services to institutional clients, high income individuals, companies, and distribution partnerships, as well as corporate finance services, including advisory services to Brazilian and international companies with respect to mergers and acquisitions, and corporate or financial restructuring. In addition, Banco Pactual provides various market products, such as swaps and options, and various other investment banking services, including public offerings and securities distribution services for Brazilian companies domestically and abroad. Its research services supply information and analysis of international economic environment and the different sectors of the economy, combining macroeconomic effects with the specific developments within each sector and actions taken by companies within this context. Banco Pactual was founded in 1983 and is headquartered in Rio de Janeiro, Brazil. As of December 5, 2006, Banco Pactual SA is a subsidiary of UBS AG.