MIAMI, March 14, 2016
Brightstar Corp., the world’s largest specialized wireless distributor and a leader in innovation and diversified services for the wireless industry, announced today that Cassio Calil has joined the company as Head of Global Financial Solutions, effective immediately.
Calil will lead Brightstar’s Financial Solutions business line that encompasses a wide variety of customized financing, leasing and forward price commitment options. These services enable Brightstar’s mobile network operator, retailer and manufacturer customers to sell more smartphones, tablets and accessories to a wide range of consumer segments. Brightstar’s programs also mitigate the consumer credit risk and residual value risk that come with technology change, device and accessory financing programs. Calil joins the Brightstar Global Services team and will report to Walter Vicente, President of Financial Solutions & Reverse Product Solutions.
“Cassio is a true international executive who understands the diverse needs of our customers at the point of sale in the various global markets we serve,” said Brightstar President and CEO Jaymin B. Patel. “We know that he will drive innovation that navigates changes in device economics and continue to help make mobile technology more affordable around the world.”
Calil joins Brightstar from J.P. Morgan where he held leadership roles in several of the firm’s divisions over 12 years with a career spanning commercial banking, asset management and investment banking. Most recently, he was the Group Head of International Corporate Client Banking at the J.P. Morgan Commercial Bank in New York, where his group provided capital structure, risk management, funding, investments and working capital solutions across key countries for their corporate clients. Prior to this, he was President of J.P. Morgan’s Asset Management group in Brazil. Before J.P. Morgan, Calil served as the Assistant Treasurer of Global Operations and Financial Risk Management for the IBM Corporation.
Additionally, he was the Vice President of the Brazilian-American Chamber of Commerce from March 2010 until 2013. He is a master’s degree candidate in Finance from University College of Dublin, Ireland; and he holds a master’s degree in Economics from Macquarie University in Sydney, Australia. Calil also earned a bachelor’s degree in Economics from Mackenzie University in São Paulo, Brazil.
“The mobile industry is fascinating because it is constantly evolving, and I have joined Brightstar to be on the forefront of the natural linkage of innovation and capital markets by creating brand new financial solutions as the industry enters new territory,” Calil said. “It’s greatly satisfying to know that our team will be helping our customers’ profitability, deploying the latest technology to emerging markets via Microfinance, and also making devices and accessories more affordable for consumers.”
About Brightstar
Brightstar, a subsidiary of SoftBank Group Corp., is a leading provider of B2B services to manufacturers, operators, retailers, and enterprises in the wireless industry. With more than 50,000 customers in about 100 countries across six continents Brightstar is firmly positioned at the center of the wireless ecosystem(tm) enabling it to provide a comprehensive range of innovative services that can be seamlessly integrated across its customers’ end-to-end value chains. As the largest specialized distributor and leading buyback and trade-in provider in the industry, Brightstar extends the reach of wireless while also delivering financial solutions that drive affordability and solutions to protect mobile devices. Brightstar reported global net revenues of approximately $12.1 billion in 2015. For more information, please visit www.Brightstar.com