HSBC’s Andre Brandao picked to maneuver Banco do Brasil: experiences

 

BRASILIA Brazil’s authorities has chosen Andre Brandao, head of world banking and markets for the Americas at HSBC throughout the nation, because the model new chief authorities of state-controlled lender Banco do Brasil SA, native media experiences acknowledged on Saturday.

Brandao will change Rubem Novaes, who tendered his resignation remaining month and might go away later in August.

 

Banco do Brasil and the Economy Ministry did not reply immediately to a request for comment, although earlier on Saturday a ministry spokesperson acknowledged they might not affirm one thing however.

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Local media, along with newspapers Valor Economico and O Globo, reported that Economy Minister Paulo Guedes has given the inexperienced delicate to Brandao’s nomination, however it absolutely will not be formally launched for only a few days.