Banco do Brasil to replace CEO at insurance unit BB Seguridade - Valor
Reuters
Published Jun 01, 2021 05:55PM ET
SAO PAULO (Reuters) - New management at Brazil's state-controlled Banco do Brasil SA (OTC:BDORY) plans to replace the chief executive of insurance holding BB Seguridade Participacoes SA, Brazilian newspaper Valor Economico reported on Tuesday.
Current CEO Marcio Hamilton is expected to be replaced by Amauri Aguiar de Vasconcelos, a former pension fund executive, the paper said, citing people with knowledge of the matter. The Brazilian government is expected to decide on the matter soon.
Banco do Brasil's new CEO, Fausto Ribeiro, is replacing the heads of the bank's main units. Banco do Brasil and BB Seguridade did not immediately reply to requests for comment.
Later in the day, BB Seguridade said in a securities filing that it "did not receive ... any communication from its controlling shareholder" regarding a possible management change.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.