BG Group has named former Vale CFO Fabio Barbosa as CFO, it says. He will join the UK-based oil and gas company March 31, replacing Ashley Almanza, who will continue to work on the conclusion of strategic projects before he leaves the group within two years. Barbosa had stepped down from his position at the Brazilian miner in June. Barbosa is also a former Brazilian national treasury secretary and is a former adviser to one of the executive directors of the World Bank. He was replaced at Vale by Guilherme Cavalcanti. BG operates in several LatAm countries, including offshore oil exploration blocks and through a majority stake in Comgas in Brazil.