President's Activities Newsletter No. 1 - page 4

FIVB President Dr. Ary S. Graça F° has
set out a new investment strategy for
the sport’s governing body in order to
streamline expenditure and maximize
revenue. President Graça served as
a director for several major Brazilian
banks, including the Banco Mercantil
de São Paulo where he headed up
15,000 employees. He has appointed
Mr Neil Brito, bank consultant, as the
new investment strategy consultant
for the FIVB and will work together
with him to define the details of a
new strategy to minimise loss and
maximise the growth of the FIVB’s
financial resources.
Funds under the FIVB management
were previously overseen by the
French bank Société Générale,
and JP Morgan. Under the new
arrangements, Société Générale’s
responsibilities will be shared with the
Swiss banks Pictet, Lombard Odier &
Cie and UBP (Union Bancaire Privée).
JP Morgan will continue to look after
the same managed funds as before.
SPORTACCORD
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04 NEWS
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MeSSAGeS
The first Board of Administration
meeting under the presidency of
Dr. Ary S. Graça F° came to a close
at the FIVB headquarters in Lausanne
with President Graça thanking the
members for their valuable work
and forward thinking.
Lausanne, Switzerland, April 5, 2013
fIVB’S new
VISIOn
AffIRMeD
DuRInG BOARD
MeeTInG
FIVB President Dr. Ary S. Graça F°
could not miss the opportunity
to address the many guests in
attendance at Neumünster Abbey
– one of the coolest places in the
city of Luxembourg – for the 40th
anniversary of the European Volleyball
Confederation by stating that his
speech was going to be very short.
Dr. Graça started by expressing
his happiness for attending the
celebrations of the CEV 40th
anniversary.
“Congratulations to the CEV
President André Meyer and to the
European Confederation for this
reception,” Dr. Graça said.
“I feel like being at home; people
are satisfied and happy. I just spoke
to the chairman of the Luxembourg
Volleyball Federation and I said I
brought the sun here but won’t take it
back when I leave the Grand Duchy.”
InTeRnATIOnAl
AnD euROPeAn
VOlleyBAll fAMIlIeS
ShARe SAMe MISSIOn
Luxembourg, Luxembourg, May 4, 2013
Lausanne, Switzerland, April 5, 2013
PReSIDenT GRAçA InTRODuCeS
new fIVB InVeSTMenT PlAn
HeadlINes
FIVB PRESIDENTS NEWSLETTER.indd 4
12/09/2013 10:31
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