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Brazil's state-run Banpara appoints new president

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Brazil's state-run Banpara appoints new president

State-run Banco do Estado do Pará SA on Jan. 17 formally appointed Braselino Carlos Da Assunção Sousa da Silva to be president of the bank for a two-year term ending in 2020, according to a company filing.

In December 2018, the then governor-elect of the Brazilian state of Para, Helder Barbalho, had announced his plans for the appointment on social media, adding that he planned to create management team of "technical professionals."

Sousa da Silva had been serving at the Belém-based institution as director of control, risk, planning and investor relations. According to the governor's social media statement, he has been part of the bank for over 42 years.