Roberto Campos Neto Explained

Office:President of the Central Bank of Brazil
Term Start:28 February 2019
Nominator:Jair Bolsonaro
Predecessor:Ilan Goldfajn
Roberto Campos Neto
Birth Name:Roberto de Oliveira Campos Neto
Birth Date:28 June 1969
Alma Mater:
Relatives:Roberto Campos (grandfather)

Roberto de Oliveira Campos Neto (born 28 June 1969) is a Brazilian economist, former executive of Banco Santander, and current president of Central Bank of Brazil. He is the grandson of Brazilian politician Roberto Campos, who was minister of planning during the Brazilian military dictatorship.[1]

On 15 November 2018, Campos was announced as the future President of the Central Bank of Brazil in the administration of Jair Bolsonaro.[2] As a Central Banker, Campos was featured in the Pandora Papers, a journalistic leak that exposed secret offshore accounts and he faced calls to resign.[3]

Early life and education

Campos was born in 1969. His grandfather Roberto de Oliveira Campos was a planning minister in the tenure of President Castelo Branco, and previously helped to create the Brazilian Development Bank.[4]

Campos studied economics and finance at University of California, Los Angeles, from which he received a bachelor's degree.[5] He holds two master's degrees, one in economics from UCLA and the other in applied mathematics from Caltech.[6]

Career

From 1996 to 1999, Campos worked at Banco Bozano Simonsen, and from 2000 to 2003, he headed Santander Brasil's department of international fixed income. In 2006 he was named the trading head of Santander, and in 2010 became the chief of treasury and regional and international markets of the bank. Campos is a close acquaintance of Paulo Guedes, the Economy minister. On 26 February 2019, Campos' appointment was approved by both Committee of Economic Affairs and the Federal Senate floor, with voting of 26–0 and 55–6, respectively.[7]

In January 2021, Campos was elected as the "Central Bank President of the Year" by the British magazine The Banker.[8] That same year, Campos was featured in the Pandora Papers, a journalistic leak that exposed the secret offshore accounts of people all over the world.[3]

Other activities

Notes and References

  1. https://g1.globo.com/politica/noticia/2018/11/15/roberto-campos-neto-e-indicado-para-comandar-o-bc-no-governo-bolsonaro.ghtml Roberto Campos Neto é indicado para comandar o BC no governo Bolsonaro, G1, accessed 17 November 2018
  2. http://agenciabrasil.ebc.com.br/economia/noticia/2018-11/roberto-campos-neto-comandara-banco-central Roberto Campos Neto comandará Banco Central, Agência Brasil EBC, accessed 17 November 2018
  3. News: Lafuente . Javier . Martínez Ahrens . Jan . 2021-10-03 . Pandora Papers in Latin America: Three active heads of state and 11 former presidents operated in tax havens . en . . 2021-10-03.
  4. News: Eloisa Capurro . Maria . Brazil's Central Bank Chief Took a Risk With a Rare TV Appearance. It Paid Off . 17 February 2023 . . 17 February 2023 . en.
  5. Web site: Profile at Morningstar, accessed 17 November 2018 . 17 November 2018 . 28 March 2020 . https://web.archive.org/web/20200328010150/http://insiders.morningstar.com/trading/executive-profile.action?PersonId=PS00005R1G&flag=Executive&t=0P0000L1GT&region=usa&culture=en-US&productcode=MLE&cur= . dead .
  6. https://www.reuters.com/finance/stocks/officer-profile/BSBR.K/1554813 Reuters Finance profile, accessed 17 November 2018
  7. Web site: Plenário do Senado aprova indicação de Campos Neto para presidência do BC. Uol. pt. 26 February 2019. 26 February 2019.
  8. Web site: Roberto Campos Neto é eleito "presidente do BC do ano" por revista inglesa. Uol. pt. 2 January 2021.
  9. https://www.bis.org/about/board.htm?m=2002 Board of Directors
  10. http://www.imf.org/external/np/sec/memdir/members.aspx Members
  11. http://pubdocs.worldbank.org/en/627731541108831255/BankGovernors.pdf Board of Governors