Banco do Brasil has hired Mauricio Maurano as senior vice president for wholesale, private and international banking, Reuters has reported.
Maurano replaces Paulo Rogerio Caffarelli, who stepped down last week to become deputy finance minister of Brazil.
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Caffarelli oversaw the bank’s efforts to expand internationally and was also responsible for lending to medium-size and large corporate customers.
Banco do Brasil is the Brazil’s largest lender by assets.
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