Banco Regionalde Desenvolvimento do Extremo Sul said João Luiz Agner Regiani tookoffice as the bank's new director of operations on July 1, replacing WilsonQuinteiro, who resigned in June.

Regiani was appointed to the position by the governor of theBrazilian state of Paraná, which co-owns the development bank alongside thestates of Rio Grande do Sul and Santa Catarina.

Regiani is an attorney who served as an advisor to BancoRegional de Desenvolvimento's board from 2015 to May 2016, the bank said in aJuly 12 statement.