Banco do Brasil Names new CFO

Banco do Brasil (BdB) says it has named Ivan de Souza Monteiro as CFO after Aldo Luiz Mendes resigned from the post to become the CEO of Cia. de Seguros Alianca do Brasil, an insurance company that is a unit of BdB. Monteiro has been with the bank for 26 years, most recently as business MD. Mendes, the bank adds, played a key role in adding BdB to the Novo Mercado listing, as well as in 2 follow-on offerings which increased BdB’s free float to 21% from 7%.