Our Company

Ana is a co-founder and Managing Partner at A10 Investimentos, in addition to having an executive and board position at Sigma. She has over twenty-four years of experience as a senior banker at global investment banks in New York, London and São Paulo. Ana is a former Head of Latin America Capital Markets at Goldman Sachs in New York and a former Managing Director at the firm. She has been involved in a large number of transactions over her career, totalling more than US$100 billion, five of which won the prestigious IFR “Deal of the Year” award, including the privatization of Vale in 1996 and the acquisition of Inco by Vale in 2006. Ana has an MBA degree from Columbia Business School and a Master in Finance degree from London Business School. She serves on the Advisory Board of Columbia University Global Centres and is a board member of The American School of São Paulo.

Mr. Menck has roughly 30 years of experience in finance and capital markets. He has spent the last 15 years leading finance functions for large corporations, including most recently with Nexa Resources, the mining company of the Votorantim group in Brazil, where he served from 2019 to 2022 as CFO. Prior to his corporate experience, Mr. Menck spent close to 15 years in global financial institutions such as BankBoston, Itaú, WestLB, Citi and BNP Paribas. He holds an MBA in Economics from the University of São Paulo, is a Certified CFO by the Brazilian Institute of Financial Executives, and a certified board member by the Brazilian Institute of Corporate Governance.

Maria is a prominent environmental & social responsibility professional in Brazil. She has held a number of roles during her 40-year remarkable technical career in public service and in the private sector. In public service, her roles included Director of Sustainable Development in Mining at the Ministry of Mines and Energy and Senior Representative for the Ministry at the National Council for the Environment (CONAMA). She was also the second woman in 60 years to serve as Deputy Minister of Mining and Mineral Transformation at the Ministry of Mines and Energy. Maria has had an active academic career, holding several senior roles at the Federal University of Minas Gerais (UFMG), a centre of excellence for mining and metallurgy research in Brazil, including Head of Department for Mining Engineering. She has a PhD in mineral technology. Since retiring from public service in 2018, Maria has worked as a consultant, advising some of the largest global mining companies on environmental matters in Brazil.

Marcelo is a co-founder and Managing Partner at A10 Investimentos. He has over twenty years of experience in asset management and investment banking at leading institutions in New York, London and Sao Paulo. Before founding A10 Investimentos, Marcelo was Portfolio Manager at the Mittal Family Office in Sao Paulo, working with private equity, equity and fixed income investments; and Vice President at the UK asset manager Millennium Global in London, also in the management of private equity, equity and fixed income investments, but for the various portfolios managed by the firm, with combined assets under management of over US$15 billion. Prior to that, Marcelo worked in the investment banking divisions of Credit Suisse in London and of UBS in New York, gaining M&A experience in Europe and in the Americas. Marcelo has a Master’s in Business Administration degree from INSEAD, in France, BA in Economics at the Federal University of Rio de Janeiro, and is a CFA Charterholder.

Wes Roberts, M.Sc., P.Eng., MBA is a professional mining engineer with over 35 years of experience specializing in the economic evaluation and development of mineral deposits. Mr. Roberts is a Director of Empress Royalty, Sparton Resources, Golden Share and Canadian Gold Miner. Over his career, Mr. Roberts has gained extensive experience in mineral exploration, mining operations, Project engineering and management as well as diverse mining engineering experience that includes precious metals, base metals, iron ore and industrial minerals. Mr. Roberts has held numerous positions in the mining industry, which include Canada Talc Limited, Derry Michener Booth & Wahl, Davey International, Bharti Engineering, GMP Securities, Inco Ltd, Breakwater Resources Ltd (VP Corporate Development) and VP Mining to the Canadian law firm Heenan Blaikie LLP. Since then, Mr. Roberts has held positions as Mineral Engineering Consultant with the American law firm Dorsey & Whitney LLP, Mineral Engineer for Gravitas Mining Corp and most recently as Mining Engineer at Principle Capital Partners.. Mr. Roberts holds a B.Sc. (Mining Engineering) and M.Sc. (Mining Engineering) from Queen’s University, and an M.B.A. (Finance) from the Schulich School of Business (York University).

Vicente Lobo is trained as a mining engineer and has over 30 years of experience in executive roles at major Brazilian natural resource companies, including as COO of Bunge Fertilizantes and COO of Vale Fertilizantes. He also served as Secretary of Geology, Mining and Mineral Transformation at Brazil’s Ministry of Mines and Energy, where he was responsible for the program that included the creation of Brazil’s current mining regulator Agência Nacional de Mineração (ANM) and for updating the national mining code, which was a landmark event for the development of the Brazilian mining industry. He is currently Managing Partner at the mining consultancy firm Lobo Engenharia.

Before founding Sigma, Calvyn spent over twenty years holding executive positions at junior and major global mining companies. He was co-founder and managing partner of Hardac Investments, a private equity firm focused on investing in junior mining companies in Africa. Hardac’s major co-investors included Lazare Kaplan International in New York (one of DeBeers’ largest customers in the US) and Mvelaphanda Holdings (South Africa’s largest Black Economic Empowerment Group) in Johannesburg. Calvyn was also General Manager of Operations at Highveld Steel and the CEO of Trans Hex Group. He has an MBA from the University of South Africa and a Bachelor of Science Degree in Electrical Engineering from the University of the Witwatersrand.

Frederico is a Brazilian lawyer and the head of the Canadian operations of the Brazilian law firm Cescon, Barrieu, Flesch & Barreto Advogados in Toronto. Previously, he was partner and foreign consultant at McCarthy Tétrault LLP, also in Toronto. He has acted as in-house counsel at Vale S/A, Brasil Telecom S/A and Odebrecht S/A. He obtained his LL.B. from the Pontificia Universidade Catolica of Rio de Janeiro in 1996, his LL.M. from the Universidade Federal of Rio de Janeiro in 2000 and his Ph.D. from the Universidade Federal of Rio Grande do Sul in 2004. Frederico is a former chairman of the Brazil-Canada Chamber of Commerce, a member of its executive board and the head of its mining committee.

Gary is a Canadian lawyer and Counsel at McCarthy Tétrault LLP in Toronto, Canada. He received his LL.B. from the University of Ottawa, his LL.M. from Osgoode Hall Law School in 1992, and was called to the Ontario state bar in 1990. Mr. Litwack is a member of the Canadian Bar Association and the Law Society of Ontario. Gary is also an Adjunct Professor of Advanced Securities Law at Osgoode Hall Law School.

Dana M. Perlman currently sits on the Board of Directors at O’Reilly Automotive and chairs its Corporate Governance and Nominating Committee. Most recently, she was Chief Strategy Officer and Treasurer at PVH Corp. (NYSE: PVH), and before that, Dana held several positions at Barclays Capital, including Director of the Retail Investment Banking Department, as well as at Lehman Brothers and Credit Suisse First Boston.

In 2018, Dana was recognized by WomenInc. on the Most Influential Corporate Board Directors list and by Equilar on the list of 50 Youngest U.S. Public Company Board members alongside Chelsea Clinton and Mark Zuckerberg.

She is a graduate of Business Administration from the University of Michigan – Stephen M. Ross School of Business with 20+ years of experience in the area.