Vinicius Almeida Albernaz will become the new CEO of Bradesco Seguros SA, replacing Octavio de Lazari Jr., the company said in a statement.

Albernaz, who holds an economics degree, is currently the superintendent director of Bradesco Asset Management SA Distribuidora de Títulos e Valores Mobiliários. He joined the Bradesco group in 2007.

Lazari, meanwhile, has transferred to Banco Bradesco SA to become its CEO.

In addition, Investments Director Ricardo Almeida will become the new superintendent director of Bradesco Asset Management.