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Brasília Governor Taps Nelson Souza to Lead BRB After Police Fraud Probe Ousts Executives

Ibaneis Rocha now backs former Caixa chief Nelson Souza for the role, subject to regulatory and legislative approval.

Overview

  • The nomination of Nelson Souza requires sign-off from the Central Bank and the Federal District's Legislative Chamber before taking effect.
  • An earlier GDF move named Caixa executive Celso Eloi, while BRB installed its HR chief, Cristiane Maria Lima Bukowitz, as acting president to maintain continuity.
  • A federal court suspended BRB president Paulo Henrique Costa and finance chief Dario Oswaldo Garcia Júnior for 60 days under Operação Compliance Zero.
  • Federal police reported six arrests including Banco Master owner Daniel Vorcaro and seized about R$1.6 million in cash plus luxury assets, with the PF chief estimating R$12 billion in suspect transactions.
  • BRB stated it is operating normally and in compliance, noting its shelved plan to buy Banco Master for R$2 billion was rejected by the Central Bank in September.