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Financial Professionals/Business Owner

Roberto Santiago and the Telephone Industry in Brazil

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Roberto Santiago is a politician, a businessman, and a trade unionist closely associated with (Social Democratic Party) PSD of Sao Paulo. He was born in Sao Paulo, Brazil, in 1958. He is Sao Paulo’s federal deputy through PSD and serves at the General Union of Workers (UGT) as the vice president.

The Challenges in the Telephone Industry

On March 2014, UGT and Proteste (Brazilian Association of Consumer Protection) came together and protested against poor telephone services in Brazil. During the march, the president of the UGT, Ricardo Pata told the demonstrators they won’t accept to pay high prices for the poor services they are receiving. He viewed this as theft on telephone consumers. He said regulatory framework is critical in bringing rules to the sector. This demonstration took place at the House of Representatives in Brazil’s capital, Brasilia. It brought together UGT and PROTESTE Association of consumers. Demonstrators carried posters and fliers with challenges faced by telephone users in Brazil. Know more about Roberto Santiago at Wikipedia.org

The demonstrators demanded quality services, deferment of sale or acquisition of providers with the most complaints, strict supervision and punishment of these industry players, transparent invoices, decreasing prices of basic plans, and involvement of workers in making decisions at Anatel (Brazilian National Telecommunications Agency). Roberto Santiago said they are going to bring change to the sector by an agreement or law. He added that it is unrealistic to have 264 million mobile phone users when the existing infrastructure cannot handle more than 100 million subscribers. He said the situation is leading to benefits for some people at the expense of consumers.

Maria Inês Dolci, Proteste’s institutional coordinator noted that the telephone sector is a leader in consumer complaint. She added that since privation of the sector, Proteste has received many complaints in reference to the quality of services and a number of flaws. Consumers have filed a dispute against operators because of poor 3G internet services. On 12 March 2014, an agreement was signed between Roberto Santiago and Henrique Alves, the president of the House of Representatives. The agreement was signed to defend consumers from telephone companies.

They made a promise together with officials of both UGT and Proteste to come up with a law that will address challenges experienced by consumers. Some of the areas the law will focus on are the quality of services provided by mobile service providers, internet speed, and management of Anatel. Santiago said they are going to come up with a proposal to address consumer rights. He also promised a meeting with other players in the industry to develop this project. He said consumers should not pay for the services they don’t receive. Read more articles on exame.com

Financial Professionals/Philanthropy/Politics

Soros joins MasterCard in Humanity Ventures

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While more people than ever are on the move in an attempt to escape war and political instability, countries in the developed world are becoming more hesitant about opening their borders to outsiders. In an effort to relieve the conditions that cause massive migration, billionaire philanthropist, George Soros, will join force with financial services company, MasterCard, to create economic opportunity within downtrodden communities worldwide.

In 2016, Soros argued that the developed world had failed in their duty to help refugees and relieve human suffering. In response, the financial wizard pledged $500 million to “invest in startups, established companies, social impact initiatives, and businesses founded by migrants and refugees themselves.” It was announce at the World Economic Forum this January that funds will now be used to initiate a program in conjuncture with the credit card behemoth, MasterCard, called Humanity Ventures. In unveiling the program, Soros stated that “our potential investment in this social enterprise, coupled with MasterCard’s ability to create products that serve vulnerable communities, can show how private capital can play a constructive role in solving social problems,” Read more story at Politico about George Soros.

While still in the planning stages, Humanity Ventures is hoped to stimulate economic development in the Third World. As stated by Ajay Banga, president and CEO of MasterCard, “We can have transformational impact by scaling our business-driven organization to leverage innovation, on-the-ground experience and long-term capital investments.” At first, the plan is to focus on improving the availability of health care and educational services to underserved areas of the world. However, Humanity Ventures could be a clearing house for many different programs to improve local economic development and entrepreneurship. For example, MasterCard has already created a digital voucher platform, MasterCard Aid Network, which has transformed how aid organizations can deliver services. “Over several years, we’ve applied our thinking and technology to help hundreds of millions connect to the formal economy and to help empower safer and more efficient aid distribution,” said Ajay Banga,

Humanity Ventures plans to tackle the chronic joblessness, and financial exclusion that afflict people in developing economies. MasterCard and George Soros believe this program that utilizes private-sector capabilities can spur development and transform life for the most needy

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Financial Professionals

Crafting A Successful Career in Financial Investment Markets

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Sam Tabar is the currently serving as Chief Financial Officer at Awearable Apparel, and also the Chief Operating Officer at Full Cycle Energy Fund, a company based in New York. He has a wide background in legal training, having attained his first degree in Law from the University of Oxford, and later on pursuing the same from Colombia Law School. Sam Tabar has maintained a passion in Financial Markets since College and went on to start his career as an associate for Slater, Skadden, Flom LLP and Arps, immediately after graduating from Columbia Law School.

In his position as an Associate for the Investment companies, his role included providing advice to his clients on the best structures to establish, that will be in accordance with basic regulatory and compliance laws relating to the hedge funds, and any other legal requirements pertaining the whole employment system for his clients. Despite the success that came with being an associate, Sam opted to exclusively focus in strategy and investing. He left Skadden and began working for PMA Investment Advisors as a Financial Analyst. In his new career, his role was to manage a $2 billion hedge fund.

Sam Tabar developed new strategies that would market the hedge fund, and place it among the best. He incorporated the strategies with his own personal talents targeting potential investors, both institutional and individual. Through this, he was able to bring together a personal Rolodex listing over 2000 potential investors. Among the potential investors, he narrowed down and produced over 400 that he saw worthy of further discussions in possibly investing in the Hedge Fund. This capability attracted attention from the founding partners of the firm that led to him being given additional responsibility to engage with both the CEO and the founders on matters business development. He helped the company increase its assets by over $1.2 Billion.

The successful investment experiences of Sam Tabar heightened his demand by other law firms and investment companies worldwide. Sam is also a traveler, having visited different nations and interacting with different cultures around the world. He has developed capital strategies, and achieved positive results.