On Wednesday (26/11), the Central Bank approved the appointment of Nelson Souza as President of the Bank of Brasilia (BRB).
British Columbia’s approval comes one day after Nelson was heard and approved in the Legislative Chamber of the Federal District (CLDF), with 16 votes in favor and six against.
Nelson Souza has been a member of the Caixa Econômica Federation since 1979. He assumed the position of President of the Foundation in 2018, during the administration of Michel Temer (MDB). Previously, the banker served as president of Banco do Nordeste.
He also worked at Desenvolvimento SP – Banco do Empreendingor do Estado de São Paulo and Brasilcap, under the management of João Doria. Nelson Souza was vice president of Elo when he was tapped to take over BRB.
Nelson Souza takes over as President of BRB after the dismissal of Paulo Henrique Costa decided by the Federal Court, in the context of Operation Compliance Zero, which investigates the alleged fraud worth R$12 billion in BRB’s business with Banco Master. The institution announced that R$10 billion had been “liquidated or exchanged” and that the remainder did not represent “direct exposure.”
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The Federal Court also ordered an audit of the institution. The first results should appear within 20 days.