Director of International Business and Affairs Banco do Brasil
Mr. Garcia holds a degree in Law and Accounting, and a Post-graduate in Capital Markets. He has an MBAs in Finance and in Corporate Law and a specialization in Contemporary International Relations. He has also pursued his studies in Banking Management at the University of Texas, US. Garcia joined Banco do Brasil in 1984, and has held several positions abroad as in London, UK. He was appointed Executive Director of International Business and Affairs in June 2009. He is currently a member of the Executive Board of Banco do Brasil, Chairman of the Board of Directors of the Brazilian American Merchant Bank – BAMB, Chairman of the Board of Directors of the BB USA Holding Company, Inc., Chairman of the Supervisory Board of BB AG Vienna (Austria), Chairman of the Executive Committee of BB Leasing Co. Ltd. (George Town, Cayman Islands), Member of the Board of Directors of COFACE/SBCE (Brazilian Export Credit Insurance Company), Member of the Board of Directors of BB Securities LLC (NY, USA), Member of the Board of Directors of BB Securities Ltd. (London, UK), Member of the Board of Directors of BB Securities Asia Pte Ltd (Singapore), and a Member of the Advisory Board of BBTUR.
Banco do Brasil is the oldest and the major bank in Latin America. It is ranked as the 36th in the world by total asset; it is also the major fund manager in Latin America through its wholly-owned subsidiary BB DTVM. Banco do Brasil established its first branch abroad in 1941 and today it has 233 units in 24 countries, including Banco Patagonia in Argentina and BB Americas in the USA. Regarding BRICS, the Banco do Brasil is present in China and studies expanding its action to Russia. The bank received, in December 2012, authorization from the CHINESE REGULATORY BANK COMMISSION (CBRC) to open and agency in Shanghai. This is the first step of the process that shall result in the opening of the agency in the second half of 2013. In February 2013, the Russian press publicized that the BANCO DO BRASIL intends to open a representation in that country, aiming to support bilateral financial operations, especially for Brazilian companies present at the local market. The Brazilian newspaper VALOR ECONOMICO has also approached the subject, and quoted the vice-president of the Brazilian bank, Paulo Roberto Kaffarelli: “The expectation is that, in two or three years, we’ll have an agency in Russia.” There would be, in 2013, only a representation office, that would take care of the preparations to the next step of opening an agency.