trending Market Intelligence /marketintelligence/en/news-insights/trending/wah5W-ZqS-FMoPydH4B8AQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Brazil's Bolsonaro names new chief at Banco do Brasil

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Brazil's Bolsonaro names new chief at Banco do Brasil

On his second day in office, Brazil's President Jair Bolsonaro named Rubem de Freitas Novaes president of Banco do Brasil SA, replacing Marcelo Labuto.

Novaes a known advocate of privatization, was a former director at Banco Nacional de Desenvolvimento Econômico e Social.

According to previous reports, he may likely push for the sale of Banco do Brasil's investment arm, following Economic Minister Paulo Guedes' guidelines to withdraw state-owned banks' businesses that are not tied to public policy.

Ivan de Souza Monteiro, the outgoing CEO of Petróleo Brasileiro SA - Petrobras, was also reportedly considered for the position.