People: Maduro picks cabinet

May 1, 2013

Venezuelan president Nicolás Maduro, elected on April 14, appointed central bank governor Nelson Merentes as finance minister. The move cheered analysts, who say Merentes is likely to be more pragmatic than his predecessor, Jorge Giordani. Commerce minister Edmée Betancourt was nominated as president of the central bank.

Itaú BBA hired Morgan Stanley’s Charles Stewart as CEO of its London subsidiary, to replace Almir Vignoto, who moves to New York to run US operations in June. Stewart worked at Morgan Stanley for 19 years, and previously headed LatAm investment banking. BBVA Bancomer’s Rafael Gamboa González was named CEO of Mexican development bank Fideicomisos Instituidos en Relación con la Agricultura (FIRA), replacing Rodrigo Sánchez Mújica.

BlackRock hired former Mexican undersecretary of finance and public credit Gerardo Rodríguez as a managing director in New York. He will...

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