# SantanderPrevi

SantanderPrevi is a Pension Fund based in Sao Paulo, Brazil.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Sao Paulo, Brazil
- **Region:** South America
- **Address:** Sao Paulo, SP, Brazil
- **Assets under management:** Undisclosed
- **Website:** www.santanderprevi.com.br

## Regulatory record

- **Reports private funds:** No

## About

SantanderPrevi was established to administer a supplementary closed pension plan for employees of the Santander Brasil group, with Banco Santander (Brasil) S.A. as the primary sponsor alongside affiliated entities Webmotors, Universia Brasil, and Esfera Fidelidade. The entity operates independently from the sponsor, governed by a Deliberative Council chaired by Maria Lucia Ettore do Valle and a Fiscal Council chaired by Anna Paula Dorce Armonia. Superintendent Director Fernanda de Abreu Oliveira leads an executive team including Directors Eudes Carneiro Lins Filho, Katia Brasil Massa, and Narjara Jacqueline Boldorini. The pension fund's known allocations include a dedicated commercial real estate portfolio, a Brazilian equities book, and a fixed-income allocation, all concentrated domestically. Direct property holdings sit alongside public-market positions, with no disclosed mandates in international assets, private equity funds, or venture capital. The closed structure means the beneficiary base is restricted to employees of the sponsoring companies, and the fund does not market its services externally. There is no evidence the entity participates in co-investment club deals or external GP fund commitments. Total assets under management and participant count are not publicly disclosed. The fund maintains a low public profile; its website is a bare directory with no published annual reports or investment policy statements accessible to non-members. SantanderPrevi's executive roster and sponsor relationships are visible in Brazilian corporate registries, confirming a formal governance separation from the bank's own corporate treasury operations. SantanderPrevi's structural differentiator is its closed, single-employer-group architecture under Brazilian supplementary pension regulation—a model that pairs formal, multi-council governance independence with a purely domestic, sponsor-anchored mandate. The fund does not compete for external assets, does not operate as a multi-family office, and appears to eschew the alternatives-heavy posture of larger Brazilian institutional peers like Previ or Petros. This makes it a governance-first liability manager rather than an accumulation-driven allocator.

## Sectors

- Real Estate
- Fixed Income
- Brazilian Equities

## People

- Fernanda de Abreu Oliveira — Superintendent Director
- Eudes Carneiro Lins Filho — Director AETQ
- Katia Brasil Massa — Director
- Narjara Jacqueline Boldorini — Director
- Maria Lucia Ettore do Valle — Chair of the Deliberative Council
- Anna Paula Dorce Armonia — Chair of the Fiscal Council

## Questions

### Who runs investment decisions at SantanderPrevi?

Executive responsibility sits with Superintendent Director Fernanda de Abreu Oliveira and the management board, which includes Directors Eudes Carneiro Lins Filho, Katia Brasil Massa, and Narjara Jacqueline Boldorini. Oversight is provided by a Deliberative Council chaired by Maria Lucia Ettore do Valle and a Fiscal Council chaired by Anna Paula Dorce Armonia. Specific CIO or investment-committee delegation is not publicly documented.

### Is SantanderPrevi a multi-employer or single-group pension fund?

It is a closed single-group entity serving employees of Santander Brasil and three affiliated sponsors—Webmotors, Universia Brasil, and Esfera Fidelidade. The fund does not accept members from outside the Santander group, and it does not market itself as an open pension product. This structure limits participant growth to the hiring trajectory of the sponsoring entities.

### Is SantanderPrevi's AUM publicly available?

No. The fund does not publish audited annual reports, participant numbers, or total assets on its public website, and no third-party data vendor or regulatory filing has surfaced a verifiable AUM figure. Institutional peers evaluating the entity as a co-investor or counterparty will need to request this directly from the fund's executive office.

## Related profiles

- [Santander Asset Management](https://altss.com/profile/santander-asset-management)
- [Santander Securities](https://altss.com/profile/santander-securities)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/santanderprevi

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