Pires is a Chartered Financial Analyst with approximately
35 years’ experience in the management of multi-currency
portfolios for institutional and private clients located around
After working in major money centres overseas, Mr. Pires returned
to Bermuda in 1991 and established Bermuda Investment Advisory
Services Limited (BIAS), an investment management company that
provides services to Bermuda-based companies, captive insurers,
trusts, and private clients. In 2004, BIAS (Cayman) Limited was established to provide these same services in the Cayman Islands; and in December 2006, BIAS Global Portfolios SPC mutual funds were established in the Cayman Islands and listed on the Cayman Stock Exchange.
Prior to establishing BIAS, Mr. Pires was employed in London
by Mercury Asset Management, currently part of BlackRock, as a senior portfolio manager responsible
for global fixed income portfolios of $500 million. Clients
included pension funds, central banks, insurance companies,
mutual funds, and high asset value individuals. In 1990, he
was seconded to Australia to represent Mercury as a senior
executive in a fund management joint venture with Australian
stockbroker Potter Partners. He sat on the Executive Committee
as well as the Investment Committee where he provided the
global input when setting asset allocations.
Mr. Pires' experience includes managing the investments of
the Bermuda Monetary Authority (BMA). During his three-year
assignment, he realised a return on the Authority's portfolio
of over 70 percent versus an index performance of 37.92 percent.
Mr. Pires has worked for both the Bank of Bermuda and the
Bank of Butterfield in Bermuda. At the Bank of Bermuda he assisted in
the management of fixed income portfolios including the Bermuda
International Bond Fund. At the Bank of Butterfield, he managed
Butterfield's US Dollar Bond Fund.
Mr. Pires has an MBA in International Business Finance from
George Washington University and is a Chartered Financial
Throughout his career, he has served as director on the boards
of various international companies based in Europe, South
America, the Caribbean, as well as Bermuda. He served as
Vice President of the Bermuda Employer's Council, on the Board of Governors of the Bermuda College and
Stonington Beach Hotel. In April 2001 he became a director
of the Regal Beach Club, a holiday resort complex in the Cayman
In 2002 Mr. Pires as Managing Director of BIAS was winner
of The Bermudian magazine’s Best
of Bermuda Gold Awards under the category of Investment
Advice in recognition that BIAS “is the number-one place to turn when you need prime investment advice.” In 2010 and 2011, the award was extended to BIAS a further two times.
Mr. Pires was actively involved with Big Brothers and Sisters
and is currently a member of the Bermuda Squash Racquets Association.
Mr. Pires is frequently asked to sit on discussion panels
speaking on issues related to Bermuda’s cultural diversity.
Mr. Pires is an avid art collector and collects Bermuda’s
best artists, displaying them throughout the office. He has already started
collecting Caymanian artists’ work. In 2004 Mr. Pires
produced and narrated a documentary film on the connection
between Bermuda and the Azores called “The Returnees” which is currently available on www.amazon.com.
In 1999 Mr. Pires was instrumental in raising financing to
fund an exhibit of Azorean artists at the Bermuda National
Gallery to commemorate the 150th anniversary of planned migration
of Portuguese to Bermuda and was instrumental in getting one of Bermuda's tourist attractions renamed "Portuguese Rock".