# Metrus Institute of Social Security Metrus Institute of Social Security is a Pension Fund based in São Paulo, Brazil. ## Overview - **Organization type:** Pension Fund - **Headquarters:** São Paulo, Brazil - **Region:** South America - **Address:** Alameda Santos, 1.827 – 17º andar, Cerqueira César, São Paulo, SP, 01419-909, Brazil - **Assets under management:** Undisclosed - **Website:** metrus.com.br - **LinkedIn:** https://www.linkedin.com/company/instituto-metrus ## Regulatory record - **Reports private funds:** No ## About Metrus Institute of Social Security functions as the closed private pension entity for Companhia do Metropolitano de São Paulo — Metrô, the public transit backbone of Latin America’s largest city. President Alexandra Leonello Granado oversees the entity, with Director Keite Bianconi managing investments and social security alongside a national industry role as Executive Director at ABRAPP, the Brazilian association of closed pension funds. Metrus holds ABRAPP’s Seal of Self-Regulation in Investment Governance, signaling adherence to industry-led fiduciary standards beyond statutory compliance. Investment allocations center on Brazilian fixed-income instruments through vehicles like Metrus 1 FI Renda Fixa Crédito Privado, a dedicated private credit fund. This physical infrastructure serves dual functions: it generates durable operating real estate exposure while delivering on the pension’s healthcare liability to members. Metrus also participates as an investor signatory to CDP, integrating carbon disclosure into governance. Metrus operates an unusual hybrid structure for a pension fund: the direct delivery of healthcare via its Ambulatório Metrus Saúde clinic and a proprietary application enabling virtual card use, accredited facility geolocation, and secure health record management for beneficiaries. This closed-loop approach — owning the care delivery point alongside the insurance liability — provides cost visibility uncommon among peer Brazilian closed funds. Membership in ACOESP (São Paulo medical clinics association) and ANCEP (pension fund accountants) places the fund within professional circles that reinforce its healthcare-provider identity alongside its fiduciary role. Director Cicera Simoneide Figueiredo Carvalho rounds out the governance team, though day-to-day investment leadership traces to Bianconi’s office. Metrus distinguishes itself by vertically integrating health services delivery into its pension mandate — owning the outpatient clinic, deploying a virtual care navigation app, and managing a private credit vehicle from the same balance sheet. For most global pension funds of comparable size, healthcare remains purely a cost projection in actuarial models; Metrus has built the service infrastructure and captures the associated real estate and operational data directly. The CDP signatory status and ABRAPP governance seal reflect a posture calibrated simultaneously to Brazilian regulatory expectations and global stewardship norms — a dual compliance architecture embedded in the fund’s daily operations. ## Sectors - Real Estate - Private Credit - Healthcare Services ## Offices - Alameda Santos, 1.827 – 1º andar, Cerqueira César, São Paulo, SP, 01419-909, Brazil ## People - Alexandra Leonello Granado — President - Keite Bianconi — Director of Investments and Social Security - Cicera Simoneide Figueiredo Carvalho — Director ## Questions ### Who runs investment decisions at Metrus? Keite Bianconi serves as Director of Investments and Social Security, and also holds the role of Executive Director at ABRAPP, the Brazilian closed pension fund association. Investment governance is structured under ABRAPP’s Seal of Self-Regulation in Investment Governance, which requires documented processes and periodic compliance review. The president, Alexandra Leonello Granado, oversees entity-level governance, while Director Cicera Simoneide Figueiredo Carvalho provides additional board-level oversight. ### What is Metrus’s relationship with Companhia do Metropolitano de São Paulo? Metrus is a closed private pension fund sponsored by Companhia do Metropolitano de São Paulo — Metrô, which operates the city’s subway system. The fund serves Metrô employees and their beneficiaries, providing pension and healthcare benefits as a complementary social security vehicle. Its headquarters sits on the 17th floor of Alameda Santos, 1.827 in the Cerqueira César district of São Paulo, with its associated outpatient clinic operating from the building’s first floor. ### How does the Ambulatório Metrus Saúde fit into the pension fund’s operations? Metrus directly owns and operates Ambulatório Metrus Saúde, a medical outpatient clinic located on the first floor of its headquarters building on Alameda Santos. This clinic provides healthcare services to plan beneficiaries — a structurally unusual arrangement. Most pension funds contract externally for healthcare delivery; Metrus has integrated the service point into its owned real estate and operational footprint, which allows direct oversight of care quality and cost structures tied to its actuarial obligations. ### Is Metrus a signatory to ESG or climate reporting frameworks? Metrus is an investor signatory and member of CDP (Carbon Disclosure Project), committing to report carbon footprint data and integrate climate considerations into its investment governance. This membership places Metrus within approximately 700 financial institutions globally that use CDP disclosures in portfolio management. No separate PRI (Principles for Responsible Investment) signatory status has been confirmed from public records. ## Related profiles - [Metropolitan Washington Airports Authority Police Officers and Firefighters Retirement Plan (MWAA)](https://altss.com/profile/metropolitan-washington-airports-authority-police-officers-and-firefighters-retirement-plan-mwaa) - [Meyer Capital Management](https://altss.com/profile/meyer-capital-management) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/metrus-institute-of-social-security Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology