Brazil appoints new BNDES head

Brazil appoints new BNDES head

People Economy & Policy Politics Regulation Brazil

Brazilian President Jair Bolsonaro has selected Gustavo Montezano as the new CEO of the national development bank BNDES. Montezano is currently the adjunct secretary of the privatization department at the Economy Ministry. He replaces Joaquim Levy, who stepped down on Sunday after Bolsonaro threatened to dismiss him. Montezano previously worked at BTG Pactual, running the bank's commodities trading division in London, the ministry said in a statement. Bolsonaro has asked Montezano to look into t

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