Banco do Brasil’s IR team overhaul
Banco do Brasil’s head of IR, Bernardo de Azevedo Silva Rothe, has been promoted to vice president of finance following the departure of CFO Alberto Monteiro de Queiroz Netto.
A veteran at the B3-listed bank, Rothe recently served, among other roles, as executive manager of capital markets and infrastructure.
Stepping up to succeed the IRO of two years is Daniel Alves Maria, another company long-timer. The University of Toronto MBA alumnus previously worked as executive manager in charge of funding in the treasury division and as general manager for the bank’s Chile branch. Since 2014, he has been executive director of Banco do Brasil Securities in the US.
Monteiro, who has been vice president of finance management and IR for the Brazilian bank since December 2016, will move to Santander in March to head the local private banking division.
Banco do Brasil is the second-largest Brazilian bank by assets and is part-owned by the government. The firm was one of the first big banks to join the Brazilian stock exchange’s Novo Mercado, a segment requiring more stringent governance and IR standards.
The Brasilia-headquartered firm was short-listed for this year’s best IR for retail investors at the IR Magazine Awards – Brazil. Former IRO Marco Geovanne Tobias da Silva won the award for best IRO at a large cap in 2009.