Central Bank Approves Nelson Souza to Lead BRB

Overview

• The Banco Central authorized former Caixa chief Nelson Antônio de Souza to assume the presidency of Banco de Brasília, completing the process after legislative and board approvals.
• Souza replaces Paulo Henrique Costa, who was removed by court order during the Polícia Federal’s Operação Compliance Zero investigating BRB’s dealings with Banco Master.
• The CLDF confirmed Souza by a 16–6 vote following a committee hearing, after the BRB board had already endorsed his nomination by Governor Ibaneis Rocha.
• BC supervision documented accounting entries without supporting records and capital ratios pressed to or below minimums after Master-related asset purchases, while investigators cite R$16.7 billion transferred and R$12.2 billion in suspect operations.
• Souza pledged a “shock of management” with emphasis on liquidity, risk controls, and governance as independent audits proceed and regulatory and criminal investigations continue at the state-controlled bank.