Paulo Toledo is a portfolio manager responsible for the macro strategy in EMEA and Asia. Prior to joining Spinnaker Capital in 2005, he worked as a market risk analyst at Banco Santander Asset Management from 2004-2005. Previously, Paulo worked at Alcoa Inc. in the Treasury department where he was responsible for daily operations and settlements. He holds a BSc in Industrial Engineering from the Sao Paulo University and is a holder of the Chartered Financial Analyst designation from the CFA Institute.