trending Market Intelligence /marketintelligence/en/news-insights/trending/xigmuirxcqsgalgijbvejq2 content esgSubNav
In This List

Report: Bolsonaro may tap Santander Brasil exec to head central bank

Blog

Banking Essentials Newsletter 2021: December Edition

Blog

Automating Credit Risk Surveillance Using Statistical Models

Blog

Post-webinar Q&A: Speed and Scalability – Automation in Credit Risk Modeling

Case Study

A Chinese Bank Takes Steps to Minimize Risks as it Supports International Trade


Report: Bolsonaro may tap Santander Brasil exec to head central bank

Leading Brazilian presidential candidate Jair Bolsonaro could tap Roberto Campos Neto, an officer and board member at Banco Santander (Brasil) SA, to run Banco Central do Brasil if current governor Ilan Goldfajn decides to leave, Folha de S.Paulo reported without disclosing the source of its information.

Campos Neto is among several private-sector executives that Bolsonaro, the right-wing candidate from the National Social Liberal Party, is considering to run government agencies and state-owned enterprises. Campos Neto is the grandson of Roberto de Oliveira Campos, who was a planning minister during Brazil's 1964 military government.

At Santander Brasil, Campos Neto is responsible for the treasury and areas of proprietary trading, local and international market making, funding, correspondent banking, quantitative area and business development.

According to Folha, Bolsonaro could also appoint Alexandre Bettamio, CEO for Latin America at Bank of America Corp., as head of Banco do Brasil SA. Other names mentioned include João Cox, chairman of telecom company TIM Participações SA; Sergio Eraldo de Salles Pinto, from investment firm Bozano Investimentos Gestão de Recursos Ltda.; and Maria Silvia Bastos, former president of Banco Nacional de Desenvolvimento Econômico e Social and current head of Goldman Sachs' Brazil unit.

The positions will only be offered once Bolsonaro is elected, although he is looking to appoint people who have been advisers on his campaign, Folha said.

Paulo Guedes, Bolsonaro's main economic adviser and founder of Bozano Investimentos, previously said that the presidential candidate could ask Goldfajn to continue heading the central bank, Reuters reported. However, Goldfajn, a former executive at Itaú Unibanco Holding SA, has ties with the more centrist Brazilian Social Democracy Party.

Bolsonaro advanced to an Oct. 28 runoff vote for Brazil's presidency after leading the first round of the election with about 46% of the vote. He will face leftist Worker's Party candidate Fernando Haddad, who gained over 29% of the first-round vote.