Gustavo Montezano Explained

Gustavo Montezano
Office:Chairman of the Brazilian Development Bank
Term Start:17 June 2019
Term End:1 January 2023
Appointer:Jair Bolsonaro
Predecessor:Joaquim Levy
Successor:Aloizio Mercadante
Birth Name:Gustavo Henrique Moreira Montezano
Birth Date:25 September 1980
Birth Place:Rio de Janeiro, Brazil
Education:Military Institute of Engineering (BE)
Economy and Finances School of Ibmec (MEc)
Profession:Engineer, economist

Gustavo Henrique Moreira Montezano (born 25 September 1980) is a Brazilian economist and businessman who served as the president of the Brazilian Social and Economic Development Bank from 2019 to 2023.

Early life

He earned a Master of Economics at Ibmec University and Bachelor of Engineering at The Instituto Militar de Engenharia.[1]

Career

He was a partner of Banco Pactual, for which he acted as Executive Director for commodities and previously was responsible for the credit area, re-insurance, and project finance. He started his career as an analyst of Banco Opportunity in Rio de Janeiro.[2]

Presidency of BNDES

Joaquim Levy resigned on 16 June 2019, because of a controversy involving President Jair Bolsonaro and the nominee for Director of Capital Markets, Marcos Barbosa Pinto. Marcos Barbosa Pinto was the chief of staff for Demian Fiocca, President of BNDES during the Luiz Inácio Lula da Silva administration.[3] He was invited to serve as president of the bank.

Notes and References

  1. Web site: Gustavo Henrique Moreira Montezano . Bloomberg . 24 June 2019.
  2. Web site: Gustavo Montezano é escolhido para substituir Joaquim Levy na presidência do BNDES. Ortiz. Delis. 17 June 2019. G1. pt. 22 June 2019.
  3. Web site: Joaquim Levy pede demissão da presidência do BNDES. Folha de S. Paulo. pt. Alexa. Salomão. William. Castanho. Bernardo. Caram. 16 June 2019. 16 June 2019. limited.