Rafael Vieira de Andrade de Sá, a doctoral student at Fundação Getulio Vargas’ Sao Paulo Law School, is one of the winners of the 19^th edition of the ANBIMA Capital Markets Awards. Advised by Professor Mariana Pargendler, he won the prize in the doctoral category with his dissertation “From Protecting Investors to Protecting Society: The Global Evolution of Mutual Fund Governance.”

This is the second time that Andrade de Sá has won an ANBIMA Award. The first time, in the 16^th edition of the awards, in 2019, he won a prize based on his paper “Fiduciary Administrators as Gatekeeper of the Investment Fund Industry: Origin, Limits and Prospects,” which he produced while doing an academic master’s at the FGV Sao Paulo Law School, under the guidance of Professor Viviane Muller Prado.

In addition to the two awards won by Andrade de Sá, two other academic master’s students at the FGV Sao Paulo Law School have won ANBIMA awards. In the 17^th edition, in 2020, student Daniel Favoretto Rocha won in the master’s category with his study “Legal Regimes for Protecting Investors Regarding Investment Advice: Empirical and Regulatory Analysis of the Hiring and Remuneration of Independent Investment Agents,” produced under the guidance of professors Viviane Muller Prado and Caio Mário da Silva Pereira Neto. In 2022, student Yasmin Fernandes Reis won a prize thanks to her paper “Liquidity in the Secondary Stock Market in Brazil and the Role of Regulation,” produced under the guidance of Professor Viviane Muller Prado.

About the awards

The ANBIMA Capital Markets Awards have been recognizing master’s and doctoral students in the fields of economics, business administration and law since 2005. Organized in partnership with the Casa das Garças Institute for Economic Policy Studies, the awards aim to encourage academic research that addresses the development of the capital markets in Brazil. 

Find out the winning entries in the ANBIMA Awards.