Investor StrategyStockTop News

HSBC’s Andre Brandao picked to head Banco do Brasil: reports

1 Mins read
imageStock Markets9 hours ago (Aug 01, 2020 01:20PM ET)

(C) Reuters.

BRASILIA (Reuters) – Brazil’s government has chosen Andre Brandao, head of global banking and markets for the Americas at HSBC in the country, as the new chief executive of state-controlled lender Banco do Brasil SA (SA:BBAS3), local media reports said on Saturday.

Brandao will replace Rubem Novaes, who tendered his resignation last month and will leave later in August.

Banco do Brasil and the Economy Ministry did not respond immediately to a request for comment, although earlier on Saturday a ministry spokesperson said they could not confirm anything yet.

Local media, including newspapers Valor Economico and O Globo, reported that Economy Minister Paulo Guedes has given the green light to Brandao’s nomination, but it will not be officially announced for a few days.

The government has been seeking as a replacement executives with backgrounds both in finance and technology to handle fiercer competition among banks and fintechs.

HSBC’s Andre Brandao picked to head Banco do Brasil: reports

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Related posts
Investor StrategyStock

Stocks - Dow Futures 0.3% Higher Amid Stimulus Uncertainty

2 Mins read
Stock Markets1 hour ago (Aug 03, 2020 07:17AM ET) (C) Reuters. By Noreen Burke – U.S. stock futures pointed to a…
Investor StrategyStock

Rival drugmakers launch joint trial of medicines for COVID-19

2 Mins read
Coronavirus1 hour ago (Aug 03, 2020 07:15AM ET) (C) Reuters. FILE PHOTO: A computer image created by Nexu Science Communication together with…
Investor StrategyStock

Investors cautious as U.S. lawmakers wrangle over virus aid

3 Mins read
2/2 (C) Reuters. A man wearing protective face mask walks in front of a stock quotation board outside a brokerage in Tokyo…
Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Leave a Reply

Your email address will not be published. Required fields are marked *