Category Archives: Business

Ricardo Guimarães is Honored By Honorary Degree

In April, 2011, the former president of Banco BMG and longtime businessman, Ricardo Guimarães, was awarded the Town Hall honorary degree. Mr. Guimarães is the grandson of Antônio Mourão Guimarães, who was the founder of the bank, and and he is the son of Flávio Guimarães Pentagna. He started in the family business in 1980 as an office assistant, then graduated from UNA with a degree in Business Administration.

The noble ceremony began with a speech by Léo Bourgeois de Castro, the House president, who described his colleague’s work. The remainder of the event was conducted by Daniel Nepomuceno. Ricardo Guimarães’ great work as president of Clube Atlético Mineiro in the five years of 2001 to 2006. Mr. Guimarães’ previous award of the Grand Collar of Legislative Merit in 2004.

Ricardo Guimarães became the head of his family’s Banco BMG in 1998. He grew the bank to become a leader in payday loans, offering a low percentage rate business to everyday people. The bank then grew exponentially. He loves soccer and is the president and primary sponsor for the Atletico Mineiro sports club. Although his primary sports commitment is to Atletico Mineiro, he does have some impartial sponsorship of several different teams and their players, even though some are rivals. He insists that his bank dos not root for any specific team.

He saw the perfect opportunity to make his brand a household name through soccer. He provides uniforms with the famous BMG three-letter logo, printed in orange on the players’ shirts. In 2010, he started the Ricardo Soccer BR1 investment fund for soccer athletes. Regulated by the Brazilian Securities Commission (CVM), this fund is the first of its kind in Brazil. Banco BMG has invested more than $20 million in the economic rights of several athletes, across 8 different clubs. Thus, BMG is a national sports patron. This has brought great visibility for the bank. Although the costs of supporting the team is high, he says that there are enough revenues to break even.

When Mr. Guimarães received the honor, Alberto Pinto Coelho, the deputy Governor, stated that the honor was most deserved for such an important family that always paid their commitment to sports development. Mr. Pinto Coelho said, “The work of Ricardo Guimarães has the seal of commitment and citizenship. It is an example for our society.” Many government and business dignitaries attended the ceremony. This information was gleaned from the following articles: Honorary Degree for Ricardo Guimarães and Well Aimed Shots.

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Ricardo Guimaraes and BMG: Sponsoring Local Tennis Legend

Recently, an article was published by concerning the sponsorship of Brazilian tennis star Marcelo Melo by Ricardo Guimaraes and Banco BMG. The following is an English translation of the original article published in Portuguese:
The BMG announced its newest sponsorship, the tennis player Marcelo Melo. The company said it signed a commercial agreement with the athlete. Melo occupies the number one title in the world ranking of the ATP (Association of Tennis Professionals) in the form of dual tennis playing. According to Ricardo Guimarães, the Minas Gerais Bank logo will be displayed on the sleeves of Melo’s gaming uniform and other sporting equipment he uses.

On the established contract, Melo said that their support will assist him in preparation to compete at the Olympic Games in Rio de Janeiro next year. This partnership with BMG will be very important for Melo. BMG bank, under the presidency of Ricardo Guimarães, will support Marcelo to further enhance his goals to achieve new titles and for better preparation for the next world sporting event. The tennis star said that the considerable help of BMG sponsorship helped him and his tennis partner, Ivan Dodig, win the doubles championship in Paris. Together, they won the 1000 Master Trophy.
“The partnership was started in early November and brings a wealth of recognition regarding this goal. It is something that befalls any investor,” quotes the president of Banco, BMG Ricardo Guimarães. Marcelo Melo arrived in Brazil with the celebration of a new conquest. This week, he packed the trophy in his luggage that he won in the doubles tournament in Paris. This was the fourth consecutive victory for the Brazilian. Apart from this tennis victory, the tennis player has won the ATP’s 500 Acapulco, the Tokyo and Vienna, as well as the Master 1000 Shanghai and Roland Garros.

BMG bank values the tradition of sponsoring the sporting talents of Minas Gerais. They also appreciate the fact that Brazil promotes sponsorships in various categories. BMG promotes the prominence and visibility of Brazilian athletes on the international scene. According to Ricardo Guimarães, it is also important to support athletes who are dedicated professionals and are disciplined and committed to their goals. These values are ​​highly esteemed by BMG. “And this is the case with Melo,” stated the executive. Ricardo Guimarães reiterates that this partnership aims to have representation of the good BMG name within various sports as well as full recognition of the miners.

HIghland Capital is Lead to Success by Jim Dondero

It is announced that Highland Capital Management, L.P. stands out among the rest by winning the2015 HFM U.S. Hedge Fund Performance Award. Specifically, Highland’s Long/Short Healthcare Fund (HHCAX) received the award in the “40 Act fund – Equity” category. This award is giving out annually to those organizations that have surpassed their peers throughout that year. It was announced at the US Hedge Fund Performance Awards ceremony on October 22nd in New York that Highland achieved this stellar recognition.

Highland Capital is an investment management firm that is based out of Dallas, Texas. Highland has offices worldwide in New York, Seoul, and Singapore. Its associates have over $20 billion in assets under Highland’s management. This management firm was founded in 1993 by Jim Dondero and Mark Okada. Their firm specializes in credit strategies and management such as hedge funds, collateralized loan obligations (CLOs), separate accounts and long-only funds. Their client base consists of a variety of investors, ranging from corporations to foundations to government entities as well as high net-worth individuals. They recently hired Terry Jones as their new President of Institutional Products.

The success of Highland Capital Management, L.P. could not have been achieved without the right leadership. Jim Dondero brings over thirty years of experience to the firm and is an irreplaceable asset to the firms’ success. Jim used innovation to assist in accomplishments, such developing the Collateralized Loan Obligation (CLO) market. As a graduate with highest honors from the University of Virginia, Jim double majored in Accounting and Finance. He serves on multiple boards such as the position of Chairman of Cornerstone Healthcare, CCS Medical, MGM Studios, American Banknote and Nexbank.

Jim not only focuses his success in the professional arena but also in his philanthropic work. He supports community initiatives to enhance education as well as veteran’s affairs. Jim wants to share his passion for success in other fields that will help influence public policy for the public good. During the course of his professional career and his education, he has also become a Certified Management Accountant (CMA) as well as securing the right to use the CFA designation, Chartered Financial Analyst.

Here is a Link to the PRNewswire Article…

Majeed Ekbal Is Against The Recent Chicagoan Property Tax Hike

Property taxes are expected to increase in the city of Chicago thanks to Mayor Rahm Emanuel. Not that he is trying to do anything wrong, but an area in North Chicago is going to be affected the more than any others due to property tax, some estimate that it is supposed to rise in excess of forty-eight percent. No other region’s property tax in Cook County rose more than this area did, which was sent ahead in late this October by the City Council of Chicago. Roughly everyone in between CTA’s Clybourn Red Line and North stop and the Chicago Avenue Brown Line stop will be affected by this property tax hike.

The increase in the price of real estate in this area has caused the property tax to go up as well. If an area is pricey to live in, residents will largely be willing to pay the property tax. It is not like they could do anything but move out of the neighborhood, anyways.

Mr. Majeed Ekbal is the president of Expresso on North Lakeview Avenue. Expresso is not a coffee — it is a company designed to buy and gather groceries from a list of different stores for people who need to buy groceries but are not easily able to leave their home and buy them or they might not have the time. Majeed Ekbal has been known to even purchase goods from out of state to fulfill the customer’s needs.

Majeed Ekbal is also involved with real estate and the property tax hike in some areas of Chicago. Mr. Majeed Ekbal recently graduated from the American University, located in the heartland of the United States of America in the District of Columbia. Ekbal’s company, Expresso, is expected to grow into the largest company of its type in the greater Chicago area in the next few years.