LatinFinance - July/August 2016 - 4

NEWS
PEOPLE

Petrobras, BNDES and Brazil's central bank get new
leadership after Michel Temer takes the presidency.
By Miluska Berrospi

Brazilian shake-up
Michel Temer's appointment
as Brazil's interim president
following the suspension of
Dilma Rousseff, sparked a
string of leadership changes
in the country's biggest
institutions.
Shortly after Henrique
Meirelles was named finance
minister he tapped Ilan
Goldfajn, Itaú-Unibanco's
chief economist, to head the
central bank. Goldfajn had
been deputy governor of the
central bank from 2000 to
2003.
Temer, who faced criticism
for not including any women
in his cabinet, named Maria
Silvia Bastos as president of
the national development bank
BNDES. Bastos, who worked
on the privatization of aircraft
manufacturer Embraer in the
1990s, said BNDES could play a
crucial role in a renewed wave
of privatizations.
Paulo Rogério Caffarelli
was appointed chief executive
officer of Banco do Brasil
while Gilberto Occhi took
up the same post at Caixa
Econômica Federal. At
Petrobras, Pedro Parente,
previously the chairman of
BM&FBovespa stock exchange,
was named CEO. Tarcisio
Godoy, who previously
worked in the finance ministry,
became CEO of the reinsurance
company IRB Brasil Re.
The changes came after
the Brazilian Senate in early
May voted 55 to 22 to suspend
Rousseff for up to 180 days and

put her on trial for allegedly
breaking budget laws. Her vice
president, Temer, stepped up
as Rousseff vowed to prove her
innocence.

UBS bulks up

In investment banking,
UBS continued its raid on
competitors as it rounded
out its leadership suite for
LatAm markets. The bank
tapped Itaú BBA's global head
of equity capital markets,
Facundo Vázquez, to lead the
institution's Latin American
equity division. The Swiss bank
also hired Carlos Mendoza to
run its debt capital markets and
client solutions for the region.
Mendoza had been co-head,
alongside Andre Silva, of
LatAm DCM at Deutsche Bank.
The two appointments come
after UBS hired ex-JPMorgan
banker José Luis Martínez as
head of LatAm M&A in March,
and hired Daniel Bassan from
Credit Suisse as an investment
banking managing director in
São Paulo.
UBS ranked third for M&A
in LatAm in the first half of last
year, but has slipped out of the
top 10 in the same period this
year. In DCM, it is faring better
this year, ranking eighth at the
half-year point, after having not
made the top 10 at the same
point last year.
Elsewhere, Mitsubishi
UFJ Financial Group
(MUFG) promoted Jonathan
Lindenberg, who joined the
bank in 2009, as new deputy

4 L ATINFINA NCE.COM - July/August 2016

head of investment banking for
the Americas. ING expanded
its operations in Colombia
by naming Andrea Puerto
as its country representative.
Puerto will focus on structured
finance and sector-based
finance. Mexican investment
firm Holding Monex named
Jorge Hierro Molina as chief
financial officer.
In the private sector,
Fernando Musa replaced
Carlos Fadigas as CEO of
petrochemical company
Braskem, while Embraer

Facundo Vázquez moves to UBS

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named Paulo Cesar de Souza
e Silva as CEO. Cargo ship
and port terminal operator
Logística Intermodal (Log-In)
picked Marco Cauduro as
CEO.
In Mexico, PMI Comercio
Internacional, Pemex's
trading division, named Isaac
Volin as general director.
Grupo Alfa's aluminumproducer subsidiary Nemak
named Luis Manuel Peña
Cavazos to head their newlycombined business units in the
US and Canada.
The Mexican division of
General Motors Financial
named Frederick Livingood
as CEO, while the local arm
of US vehicle manufacturer
Navistar named José Alfredo
Chacón Pérez as CEO and
Rafael Martin Martinez Vila
as CFO.
Chile's national mining
company Coldeco appointed
Roberto Alejandro Cuadra
Pesce as the general manager
of the Andean region. Chilean
airline LATAM named Ramiro
Alfonsín as its new CFO, while
AES Gener chose Luis Felipe
Cerón as its new president. LF

LatinFinance's Daily Brief provides full
coverage of people moves as they happen.
See latinfinance.com for complete details
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Table of Contents for the Digital Edition of LatinFinance - July/August 2016
