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Octávio Castello Branco Another Investment Banker Joins BNDES BNDES has done it again. Brazil's state-owned development bank seems to have a knack for hiring investment bankers straight out of Wall Street's best firms. In April, BNDES hired Octávio Castello Branco as its director of infrastructure lending. Castello Branco was previously J.P. Morgan's co-head of Brazilian investment banking. His boss, BNDES President Francisco Gros, joined the bank in March 2000 after a stint at Morgan Stanley

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