Bradesco names CEO for digital bank, new investment banking chief

Banco Bradesco SA named Renato Ejnisman CEO of digital bank Next and Felipe Thut investment banking chief at its Banco Bradesco BBI SA subsidiary, Reuters reported.

Ejnisman has been an executive director at Bradesco, supervising the company's private banking business and asset management operations, among other areas. Those responsibilities have been reassigned, Valor Econômico reported.

Jeferson Honorato, the Brazilian lender's director of digital banking, will remain in his position, Valor added. Bradesco also appointed Rogério Câmara to a newly created vice president role focused on improving the customer experience.

The company announced a spinoff of Next in 2020, leading some to speculate that Bradesco may look at an initial public offering for the digital bank to accelerate its growth. Next recorded 4 million customers at the close of last year and aims to end 2021 with at least 7 million, Valor noted.