The Central Bank (BC) announced this Friday (29) the names of the three directors whose positions will be vacant next year. According to the financial institution, next week President Luiz Inácio Lula da Silva will forward the nominations to the Senate.
For the Monetary Policy Department, the most important department in the organization and which defines the Selic Rate (basic interest rates for the economy), the chosen one is Nilton David, who currently works at Bradesco. He will replace Gabriel Galípolo, who will assume the presidency of the BC in January.
Head of Treasury Operations at Bradesco, Nilton David, informed the Central Bank, has extensive experience in the financial market, having worked in several institutions in Brazil and abroad. The appointed director has a degree in Production Engineering from the Polytechnic Engineering School of the University of São Paulo (USP).
The current Secretary of Public Integrity of the Comptroller General of the Union (CGU), Izabela Correa, will be appointed to the Directorate of Institutional Relations, Citizenship and Conduct Supervision. She will replace director Carolina de Assis Barros, whose term ends at the end of the year.
Serving at the Central Bank since 2006, Correa was a postdoctoral researcher at the School of Government at the University of Oxford and has a PhD in Government from the London School of Economics and Political Science, completed in 2017. Graduated in Public Administration from the Fundação School of Government João Pinheiro, has a master’s degree in Political Science from the Federal University of Minas Gerais (UFMG).
In the Regulation Department, the chosen one will be Gilneu Vivan. He will replace director Otávio Damaso, whose term also ends at the end of 2024.
A career server at the Central Bank since 1994, Vivan is currently head of the Financial System Regulation Department (Denor) at the financial institution. Until the beginning of 2024, he served as head of the National Financial System Monitoring Department. He also represented Brazil in international groups, such as the Vulnerability Analytical Group, of the Financial Stability Council, a body of the G20 (group of the 19 largest economies on the planet, plus the European Union and the African Union) responsible for assessing threats to the global financial system.
All names must be examined by the Senate and approved by the House plenary. If the nominations are approved in 2024, the nominees will assume the position of director of the Central Bank on January 1, 2025.
