Historical Composition of the Board of GovernorsHistorical Composition of the Board of Governors...

Historical Composition of the Board of Governors - Overview of the Organizational Structure

- Since 1965

Note: This document contains a list with names and their positions organized according to the changes in the organizational structure, which occurred in the Board of Governors of the Central Bank throughout the history of the institution. Please also refer to Historical Composition – View of the Areas of Activity, available in the History section on website of the Central Bank.

Historical Composition of the Board of Governors

Overview of the Organizational Structure P. 2

Contents

Governors .................................................................................................................................... 4

Deputy Governors – from 1965 to 1969 ........................................................................................ 6

Deputy Governors – from 1969 to 1974 ........................................................................................ 7

Deputy Governors – from 1975 to 1992 ........................................................................................ 8 Deputy Governor for Administration ...................................................................................................................... 8 Deputy Governor for the Banking Area .................................................................................................................. 9 Deputy Governor for the External Area ................................................................................................................ 10 Deputy Governor for Rural and Industrial Credit ................................................................................................. 10 Deputy Governor for Securities Market ............................................................................................................... 11 Deputy Governor for External Debt Affairs .......................................................................................................... 12 Deputy Governor for Public Debt ......................................................................................................................... 12 Deputy Governor for Public Debt and Open Market ............................................................................................ 12 Deputy Governor for Supervision ......................................................................................................................... 13 Deputy Governor for Monetary Policy ................................................................................................................. 13 Deputy Governor for Foreign Exchange and International Affairs ....................................................................... 14 Deputy Governor for International Affairs ........................................................................................................... 14 Deputy Governor for Licensing and Resolution………………………………………………………………………………………………..14

Deputy Governors – after 1992 ................................................................................................... 15 Area of Administration ......................................................................................................................................... 15 Area of International Affairs ................................................................................................................................ 17 Area of International Affairs and Risk Management ............................................................................................ 18 Area of Supervision ............................................................................................................................................... 19 Area of Norms and Organization of the Financial System .................................................................................... 20 Area of Financial System Organization ................................................................................................................. 21



Area for Regulation .............................................................................................................................................. 21 Area for Monetary Policy ...................................................................................................................................... 23 Area for Economic Policy ..................................................................................................................................... 25 Area for Liquidation and Privatization ................................................................................................................. 27 Area for Liquidation and Privatization .................................................................................................................. 27 Area for Liquidation and Privatization .................................................................................................................. 28 Area for Liquidation and Privatization and Surveillance of Farm Credit Operations .......................................... 28 Area for Financial System Organization and Control of Farm Credit ................................................................... 29 Area for Licensing and Resolution ........................................................................................................................ 29 Deputy Governor for Special Studies .................................................................................................................... 30 Area for Special Studies ....................................................................................................................................... 31 Area for Special Affairs ......................................................................................................................................... 32 Area for Institutional Relations and Citizenship .................................................................................................. 32 Area for Institucional Relations, Citizenship and Supervision of Conduct .......................................................... 32



Governors I. The Central Bank of Brazil was created by Law 4,595, of December 31, 1964; the initial composition of the Board of Governors, with 4 members, was established by article 14.

II. Between 1965 and 1974, Governors were chosen from appointed members of the CMN (Law 4,595 article 14). III. Pursuant to Law 6,045, of May 15, 1974, Governors are appointed by the President of the Republic, no longer chosen from appointed members of the CMN. IV. Pursuant to the Complementary Law number 179, from 2/24/2021, which establishes the autonomy of the Central Bank of Brazil, the term of the Governor shall last for 4 (four) years, beginning on

January 1st of the third year of the President of the Republic’s term. The Governor and the Deputy Governors of the Central Bank of Brazil may be reappointed once, observing the provisions of the law.

Name Appointment

Inauguration Dismissal

Decree Published Decree Published

Dênio Chagas Nogueira Apr/9/1965 Apr/12/1965 Apr/13/1965 Mar/21/1967 Mar/21/1967 there is no appointment decree for Governor of the Central Bank, for they were chosen from appointed members of the CMN Ruy Aguiar da Silva Leme Mar/30/1967 Mar/31/1967 Mar/31/1967 Feb/9/1968 Feb/12/1968

Ary Burger – [interim] Feb/7/1968 sine die Feb/21/1968 Mr. Ruy Leme’s resignation letter is dated Feb. 6,

1968 (BCB157th session), but his dismissal was published on Feb. 12, 1968

Ernane Galvêas Feb/21/1968 Feb/21/1968 Feb/22/1968 Mar/15/1974 Mar/15/1974 by an act of the Minister of Finance – according to a Memoir of the CMN 98th session

Paulo Hortênsio Pereira Lira Mar/15/1974 Mar/15/1974 Mar/19/1974 Mar/14/1979 Mar/14/1979 dismissed as of Mar/15

Carlos Brandão Mar/15/1979 Mar/15/1979 Mar/16/1979 Aug/17/1979 Aug/17/1979

Ernane Galvêas Aug/17/1979 Aug/17/1979 Aug/17/1979 Jan/17/1980 Jan/181980

Carlos Geraldo Langoni Jan/18/1980 Jan/18/1980 Jan/21/1980 Sep/2/1983 Sep/5/1983

Affonso Celso Pastore Sep/2/1983 Sep/5/1983 Sep/5/1983 Mar/14/1985 Mar/14/1985 dismissed as of Mar/15

Antonio Carlos Braga Lemgruber Mar/15/1985 Mar/15/1985 Mar/15/1985 Aug/26/1985 Aug/28/1985

Fernão Carlos Botelho Bracher Aug/27/1985 Aug/28/1985 Aug/28/1985 Feb/10/1987 Feb/11/1987

Francisco Roberto André Gros Feb/10/1987 Feb/11/1987 Feb/11/1987 Apr/28/1987 Apr/30/1987

Lycio de Faria - [interim] Apr/30/1987 May/4/1987 Memoir BCB 232/87

Fernando Milliet de Oliveira May/4/1987 May/5/1987 May/5/1987 Mar/8/1988 Mar/9/1988

Elmo Araújo Camões Mar/8/1988 Mar/9/1988 Mar/9/1988 Jun/21/1989 Jun/22/1989

Continues...



Governors (continued) Appointment



Wadico Waldir Bucchi Jun/22/1989 Jun/23/1989 Mar/14/1990 Mar/14/1990 acting Governor from June/22 to Oct/24/1989;

was appointed Governor by a decree of Oct/24/1989, published on Oct/25/1989

dismissed as of Mar/15

Ibrahim Eris Mar/15/1990 Mar/15/1990 Mar/15/1990 May/16/1991 May/17/1991

Francisco Roberto André Gros May/16/1991 May/17/1991 May/16/1991 Nov/12/1992 Nov/16/1992

Gustavo Jorge Laboissière Loyola Nov/12/1992 Nov/13/1992 Nov/17/1992 Mar/25/1993 Mar/29/1993

Paulo Cesar Ximenes Alves Ferreira Mar/25/1993 Mar/26/1993 Mar/29/1993 Sep/8/1993 Sep/9/1993

Pedro Sampaio Malan Sep/8/1993 Sep/9/1993 Sep/9/1993 Dec/31/1994 Dec/31/1994 dismissed as of Jan/1/1995

Gustavo Henrique de Barroso Franco - [interim] Dec/31/1994 Dec/31/1994 Jan/11/1995 until appointment of assignee, by decree

Persio Arida Jan/10/1995 Jan/11/1995 Jan/12/1995 Jun/12/1995 Jun/13/1995

Gustavo Jorge Laboissière Loyola Jun/12/1995 Jun/13/1995 Jun/13/1995 Aug/19/1997 Aug/20/1997

Gustavo Henrique de Barroso Franco Aug/19/1997 Aug/20/1997 Aug/20/1997 Mar/3/1999 Mar/4/1999

Arminio Fraga Neto Mar/3/1999 Mar/4/1999 Mar/4/1999 Dec/31/2002 Jan/1/2003

Henrique de Campos Meirelles Jan/1/2003 Jan/1/2003 Jan/2/2003 Jan/1/2011 Jan/1/2011

Alexandre Antonio Tombini Jan/1/2011 Jan/1/2011 Jan/1/2011 Jun/8/2016 Jun/9/2016

Ilan Goldfajn Jun/8/2016 Jun/9/2016 Jun/9/2016 28/02/2019 28/02/2019

Roberto de Oliveira Campos Neto Feb/28/2019 Feb/28/2019 Feb/02/2019 Incumbent according to the decree, from 19/Apr/2021, he shall exercise his mandate up to 31/Dec/2024



Deputy Governors – from 1965 to 1969 I. The Central Bank of Brazil was created by Law 4,595, of December 31, 1964; the initial composition of the Board of Governors (1 Governor and 3 Deputy Governors), was ruled by

article 14. II. In the period comprised from 1965 to 1969, Deputy Governors of the Central Bank were chosen from appointed members of the CMN; their areas of jurisdiction were personified,

without specific denomination. III. Law 5,362, of November 30, 1967 changed the number of members of the Board of Governors to 5. The Central Bank began to have 4 Deputy Governors with the inauguration of

Mr. Paulo Hortênsio Pereira Lira. IV. The first administrative structure was created by Circular 11, of September 8, 1965.

Name Appointment



Casimiro Antônio Ribeiro Apr/9/1965 Apr/12/1965 Apr/13/1965 Apr/15/1967 Apr/17/1967

Luiz Biolchini Apr/9/1965 Apr/12/1965 Apr/13/1965 Jun/21/1966 Jun/22/1966

Aldo Baptista Franco da Silva Santos Apr/9/1965 Apr/12/1965 Apr/13/1965 Apr/15/1967 Apr/17/1967

Antonio de Abreu Coutinho Jun/21/1966 Jun/22/1966 Jun/28/1966 Mar/21/1967 Mar/21/1967 in Luiz Biolchini’s position, pursuant to decree

Ary Burger Mar/30/1967 Mar/31/1967 Mar/31/1967 Nov/27/1969 Nov/28/1969 in Antonio de Abreu Coutinho’s position, pursuant to decree

Germano de Brito Lyra Apr/15/1967 Apr/17/1967 Apr/24/1967 Nov/27/1969 Nov/28/1969 in Casimiro Antônio Ribeiro’s position, pursuant to decree

Hélio Marques Vianna Apr/15/1967 Apr/17/1967 Apr/24/1967 Nov/27/1969 Nov/28/1969 in Aldo Baptista Franco’s position, pursuant to decree

Paulo Hortênsio Pereira Lira Dec/3/1969 Mar/15/1974 Mar/15/1974 Central Bank begins to have 4 Deputy Governors



Deputy Governors – from 1969 to 1974 I. Between 1969 and 1974, the Directorates begin to be identified by their area of activity (Notice Depad 142, of December 5, 1969).

II. Law 6,045, of May 15, 1974 modifies the composition of the Board of Governors to 6 members (1 Governor and 5 Deputy Governors) and Central Bank Dep. Governors begin to be appointed by the President of the Republic; besides, Dep. Governors are no longer members of the National Monetary Council, but participate in CMN meetings without the right to vote.

Name Area Appointment



Fernando Roquette Reis Administration, Rural and Industrial Credit Dec/3/1969 Dec/3/1969 Dec/3/1969 Feb/26/1971 Mar/1/1971 in the position of Ary Burger

Francisco de Boni Neto Securities Market Nov/27/1969 Nov/28/1969 Dec/3/1969 Jan/14/1974 Jan/15/1974

in the position of Germano de Brito Lira after the dismissal of Dep. Gov.,

both the Office and the Inspectorate of Capital Markets were placed under the jurisdiction of Dep. Gov. Paulo Yokota, until Mar/14 (Vote (1) BCB 159/74)

Luiz de Carvalho e Mello Filho Banking Nov/27/1969 Nov/28/1969 Dec/3/1969 Mar/15/1974 Mar/15/1974 in the position of Hélio Marques Vianna

Paulo Hortênsio Pereira Lira Foreign Exchange/External Dec/3/1969 Mar/15/1974 Mar/15/1974

Paulo Yokota Administration, Rural and Industrial Credit Feb/26/1971 Mar/1/1971 Mar/9/1971 Mar/15/1974 Mar/15/1974 in the position of Fernando Roquette

Reis

Ernesto Albrecht Banking Mar/15/197

Mar/15/197

Mar/19/197

Feb/18/1975 pursuant to Law 6,045/74, they were appointed twice: Mar/15 and May/29/74; and inaugurated twice: Mar/19 and May/31/74

on Feb/18/1975, a new administrative structure of the Central Bank was set up, keeping the same Deputy Governors - see note I on p.8

José de Ribamar Melo Rural and Industrial Credit Mar/15/197

Mar/15/197

Mar/19/197

Feb/18/1975

Sérgio Augusto Ribeiro Securities Market Mar/15/197

Mar/15/197

Mar/19/197

Feb/18/1975

Fernão Carlos Botelho Bracher ForeignExchange/External Mar/15/197

Mar/15/197

Mar/19/197

Feb/18/1975

José Antônio Berardinelli Vieira Administration[*] May/29/1974 May/30/1974 May/31/1974 Feb/18/1975

[*]The area of Administration was created on May/31/1974 by transformation of the Administrative Superintendency (Memoir BCB

413/74). The Superintendency was created on Aug/23/1973 by CMN decision, in view of Vote CMN 324/73, which advocated the dismemberment of the “Area of Administration, Rural and Industrial Credit”. The Superintendency was placed under the Governor but



not as part of the Board of Governors. Mr. José Antônio Berardinelli Vieira held the position of Administrative Superintendent from the beginning, until being appointed Deputy Governor for the area of Administration, on May/29/1974 (Memoir BCB 413/74)

Deputy Governors – from 1975 to 1992 I. On Feb/18/1975, Vote CMN 29/75 was approved and Ordinance (2) 63 came into effect, defining technical and administrative structures of the Central Bank, and created SPECIAL

UNITS (cabinets for the Governor and Deputy Governor). The Directorates began to have specific denominations. II. Decree-Law 1,795, of July 8, 1980 modifies the composition of the Board of Governors to 7 members (1 Governor and 6 Deputy Governors).

III. Decree 88,008, of December 29, 1982 extinguishes one position of Deputy Governor, thus reducing the composition of the Board of Governors to 6 members (1 Governor and 5 Dep. Governors).

IV. Decree 91,148, of March 15, 1985 modifies the composition of the Board of Governors to 8 members (1 Governor and 7 Deputy Governors). V. Decree 91,961, of November 19, 1985 modifies the composition of the Board of Governors to 9 members (1 Governor and 8 Deputy Governors).

Deputy Governor for Administration Dirad

Created on Feb/18/1975, by Ordinance 63

Name Appointment



José Antônio Berardinelli Vieira Feb/18/1975 Mar/14/1979 Mar/14/1979 the structural modification implemented on Feb/18/1975 by Vote CMN 29/75 occurred without changing the incumbent Deputy Governor - see note 7 on p. 7

Antônio Augusto dos Reis Veloso Mar/15/1979 Mar/15/1979 Mar/16/1979 Mar/14/1985 Mar/14/1985

Paulo Roberto Franco Ferreira Mar/15/1985 Mar/15/1985 Mar/15/1985 Apr/30/1986 May/2/1986

Lycio de Faria Apr/30/1986 May/2/1986 May/6/1986 Oct/21/1987 Oct/22/1987

José Maria Arbex Oct/21/1987 Oct/22/1987 Oct/28/1987 Jan/26/1988 Jan/27/1988

Luis Álvaro de Oliveira Ribeiro Jan/26/1988 Jan/27/1988 Jan/27/1988 Mar/8/1988 Mar/9/1988

Antenor Araken Caldas Farias Mar/8/1988 Mar/9/1988 Mar/9/1988 Mar/14/1990 Mar/14/1990

he headed Presi and Dirad (Memoir BCB 261/90) Ibrahim Eris Mar/15/1990 Mar/15/1990

Gustavo Jorge Laboissière Loyola Mar/16/1990 Apr/24/1990 he headed Dinor and Dirad (Memoir BCB 260/90)

Joubert Furtado Apr/23/1990 Apr/24/1990 Apr/24/1990 Jun/21/1991 Jun/24/1991

Cincinato Rodrigues de Campos Jun/21/1991 Jun/24/1991 Jun/24/1991 Nov/30/1992 Dec/1/1992



On Jan/24/1992 Vote BCB 57/92 was approved, introducing the concept known as Board of Governors (see more on p. 15)

Deputy Governor for the Banking Area

Diban

Created on Feb/18/1975 (Vote CMN 29/75- Ordinance 63) Extinguished on Mar/16/1990, with the creation of the Deputy Governor for Monetary Policy (Vote BCB 258/90) – see p. 13

Name Appointment



Ernesto Albrecht Feb/18/1975 Mar/14/1979 Mar/14/1979 the structural modification of Feb/18/1975,

introduced by Vote CMN 29/75, occurred without alteration of the incumbent Deputy Governor - see note 7 on p.7

João Ary de Lima Barros Mar/15/1979 Mar/15/1979 Mar/16/1979 Aug/21/1979 Aug/21/1979

Carlos Geraldo Langoni Aug/21/1979 Aug/21/1979 Aug/22/1979 Jan/18/1980 Jan/18/1980 on this date he was appointed Governor of the

BCB by decree; and through Ordinance 72 from the Ministry of Finance he was dismissed from the position of Deputy Governor

Antonio Chagas Meirelles Jan/18/1980 Jan/18/1980 Jan/21/1980 Sep/5/1983 Sep/6/1983 appointed by Ordinance 73 of Jan/18/1980, from the Ministry of Finance, endorsed by the Decree of Sep/3/1980, published on Sep/5/1980; it was registered in BCB Minute 696.

José Luiz Silveira Miranda Sep/5/1983 Sep/6/1983 Sep/6/1983 Mar/14/1985 Mar/14/1985

Alberto Sozin Furuguem Mar/15/1985 Mar/15/1985 Mar/15/1985 Aug/26/1985 Aug/28/1985

Carlos Thadeu de Freitas Gomes Aug/30/1985 Sep/2/1985 Sep/4/1985 Apr/30/1986 May/2/1986

Persio Arida Apr/30/1986 May/2/1986 May/6/1986 Feb/18/1987 Feb/19/1987

Ricardo Fernandez Silva Feb/23/1987 Feb/24/1987 Feb/25/1987 May/19/1987 May/20/1987

Wadico Waldir Bucchi May/19/1987 May/20/1987 May/20/1987 Mar/14/1990 from Oct/31/89 to Mar/14/1990, appointed

Governor was interim head of Diban, until his dismissal [see: PRESI]

Ibrahim Eris Mar/15/1990 Mar/15/1990 headed Presi and Diban (Memoir BCB 261/90)



Deputy Governor for the External Area

Direx

Created on Feb/18/1975 (Vote CMN 29/75 - Ordinance 63) On Mar/16/1990, with the restructuring proposed by Vote 258/90, had its name changed to Deputy Governor for

International Affairs (Vote BCB 258/90) – see p. 14.

Name Appointment



Fernão Carlos Botelho Bracher Feb/18/1975 Mar/14/1979 Mar/14/1979 the structural modification of Feb/18/1975, introduced by Vote CMN 29/75, occurred without alteration of the incumbent Deputy Governor-see note 7 on p.7

José Carlos Madeira Serrano Mar/15/1979 Mar/15/1979 Mar/16/1979 Mar/14/1985 Mar/14/1985

Sérgio Silva de Freitas Mar/15/1985 Mar/15/1985 Mar/15/1985 Apr/26/1985 Apr/29/1985

Carlos Eduardo de Freitas Apr/26/1985 Apr/29/1985 Apr/29/1985 Mar/8/1988 Mar/9/1988

Arnim Lore Mar/8/1988 Mar/9/1988 Mar/9/1988 Mar/14/1990 Mar/14/1990 dismissed as of Mar/15/1990

Ibrahim Eris Mar/15/1990 Mar/15/1990 headed Presi and Direx (Memoir BCB 261/90)

Deputy Governor for Rural and Industrial Credit Dicri

Created on Feb/18/1975 (Vote CMN 29/75- Ordinance 63) Deactivated on Jun/1/1989 (Vote BCB 464/89) and extinguished on Jun/14/1989 (Vote BCB 505/89)

Name Appointment



José de Ribamar Melo Feb/18/1975 Mar/14/1979 Mar/14/1979



Celso da Costa Sabóia Mar/15/1979 Mar/15/1979 Mar/16/1979 Aug/21/1979 Aug/21/1979 the structural modification of Feb/18/1975,

introduced by Vote CMN 29/75, occurred without alteration of the incumbent Deputy Governor-see note 7 on p.7

José Kleber Leite de Castro Aug/21/1979 Aug/21/1979 Aug/22/1979 Mar/14/1985 Mar/14/1985

Hélio Ribeiro de Oliveira Mar/15/1985 Mar/15/1985 Mar/15/1985 May/31/1989 Jun/1/1989

Deputy Governor for Securities Market Dimec

Created on Feb/18/1975 (Vote CMN 29/75 - Ordinance 63) Extinguished on Mar/16/1990, with the creation of the Deputy Governor for Norms and Financial System Organization (Vote BCB 258/90) – see p.

14.

Name Appointment



Sérgio Augusto Ribeiro Feb/18/1975 Mar/14/1979 Mar/14/1979 the structural modification of Feb/18/1975, introduced by Vote CMN 29/75, occurred without alteration of the incumbent Deputy Governor-see note 7 on p.7 Luiz Lemos Leite Mar/15/1979 Mar/15/1979 Mar/16/1979 Aug/21/1979 Aug/21/1979

Hermann Wagner Wey Aug/21/1979 Aug/21/1979 Aug/22/1979 Jul/23/1984 Jul/24/1984

Iran Siqueira Lima Jul/23/1984 Jul/24/1984 Jul/25/1984 Mar/15/1985 he was designated to head Difis, with the creation of the new directorate (Memoir BCB 200/85) Roberto da Cunha Castello Branco Mar/15/1985 Mar/15/1985 Mar/15/1985 Aug/26/1985 Aug/28/1985

Luiz Carlos Mendonça de Barros Aug/30/1985 Sep/2/1985 Sep/4/1985 May/19/1987 May/20/1987

Luiz Aranha Corrêa do Lago May/19/1987 May/20/1987 May/20/1987 Jan/26/1988 Jan/27/1988

Keyler Carvalho Rocha Jan/26/1988 Jan/27/1988 Jan/27/1988 Jan/9/1990 Jan/10/1990 he was interim Deputy Governor for Dimec (Register BCB 37/90 and Ordinance 206)

he headed Presi and Direx (Memoir BCB 261/90)

Francisco Amadeu Pires Felix Jan/10/1990 Mar/14/1990

Ibrahim Eris Mar/15/1990 Mar/15/1990



Deputy Governor for External Debt Affairs Divex

Created on Nov/20/1985 (Memoir BCB 893-A/85) Extinguished on Mar/16/1990 and its activities were handed over to the scope of Direx (Vote BCB 258/90)

Name Appointment



Antonio de Pádua Seixas Nov/19/1985 Nov/20/1985 Nov/26/1985 Nov/14/1988 Nov/17/1988 he was interim Deputy Governor for Divex

(Ordinance 188 from the Ministry of Finance) Arnim Lore Nov/17/1988 Mar/14/1990 Mar/141990

Deputy Governor for Public Debt Didip

Created on Jul/9/1980 (Vote BCB 381/80) Extinguished on Dec/30/1982 and its activities were handed over to the scope of the Deputy Governor for the Banking Area

(Vote BCB 738/82)

Name Appointment



Cláudio Luiz da Silva Haddad Jul/10/1980 Jul/11/1980 Jul/11/1980 Dec/29/1982 Dec/30/1982

Deputy Governor for Public Debt and Open Market Didip

Created on Mar/16/1985 (Vote BCB 200/85) Definitively extinguished on Mar/16/1990, with the creation of the Deputy Governor for Monetary Policy (Vote BCB 258/90) – see p.

13

Name Appointment



José Júlio de Almeida Senna Mar/12/1985 Mar/15/1985 Mar/15/1985 Aug/26/1985 Aug/28/1985

André Pinheiro de Lara Resende Aug/30/1985 Sep/2/1985 Sep/4/1985 Jan/5/1987 Jan/6/1987



Alkimar Ribeiro Moura Jan/5/1987 Jan/6/1987 Jan/7/1987 Jan/26/1988 Jan/27/1988

Juarez Soares Jan/26/1988 Jan/27/1988 Jan/27/1988 Oct/13/1988 Oct/14/1988

Keyler Carvalho Rocha Oct/14/1988 Dec/19/1988 he was interim Deputy Governor for Didip (Memoir BCB 630/88)

Carlos Thadeu de Freitas Gomes Dec/13/1988 Dec/14/1988 Dec/19/1988 Jun/29/1989 Jun/30/1989

Wadico Waldir Bucchi Jun/30/1989 Jul/5/1989

he headed Presi and Didip (Memoir BCB 581/89) on Jul/5/1989 the cabinet was deactivated (Vote

BCB 578/89) on Nov/1/1989 it was reactivated, due to the

propositions from Vote BCB 578/89 being voided (Memoir BCB 910/89 and 911-B/89)

Francisco Amadeu Pires Felix Oct/30/1989 Oct/31/1989 Oct/31/1989 Mar/14/1990 Mar/14/1990

Deputy Governor for Supervision Difis

Created on Mar/16/1985, pursuant to BCB Memoir 200/85

Name Appointment



Iran Siqueira Lima Mar/16/1985 Aug/30/1985 Sep/2/1985 was in charge of Dimec before being designated the first Deputy Governor for Difis (Memoir BCB 200/85) José Tupy Caldas de Moura Aug/30/1985 Sep/2/1985 Sep/4/1985 Mar/14/1990 Mar/14/1990

Ibrahim Eris Mar/15/1990 Apr/24/1990 headed Presi and Difis (Memoir BCB 260 e 261/90)

Eliseu Martins Apr/23/1990 Apr/24/1990 Apr/24/1990 Jun/6/1991 Jun/7/1991

Luiz Nelson Guedes de Carvalho Jun/6/1991 Jun/7/1991 Jun/7/1991 Apr/5/1993 Apr/6/1993

On Jan/24/1992, BCB Vote 57/92 was approved, introducing the concept of Board of Governors (see more on p. 15)

Deputy Governor for Monetary Policy Dipom

Created on Mar/16/1990, with the restructuring proposed by Vote BCB 258/90 and the merge of the Deputy Governor for the Banking Area and the Deputy Governor for Public Debt and Open Market – see pages 9 and 12



Name Appointment



Luis Eduardo Alves de Assis Mar/15/1990 Mar/16/1990 Mar/15/1990 Jun/6/1991 Jun/7/1991 dismissed as of Jun/3/1991

Pedro Luiz Bodin de Moraes May/31/1991 Jun/3/1991 Jun/3/1991 Nov/30/1992 Dec/1/1992


Deputy Governor for International Affairs Direx

Created on Mar/16/1990, with the restructuring proposed by Vote BCB 258/90 and the modification of the name of the Deputy Governor for the External Area – see p. 10

On Jul/20/1990 (Vote BCB 610/90-C; Ordinance 212), had its competences redefined and its name modified to:

Deputy Governor for International Affairs Direx

Name Appointment



Antonio Cláudio Leonardo Pereira Sochaczewski Mar/15/1990 Mar/16/1990 Mar/15/1990 Mar/15/1991 Mar/18/1991

Ibrahim Eris Mar/18/1991 May/16/1991 May/17/1991 headed Presi and Direx (Memoir BCB 109/91) dismissed from the position of Governor

Joubert Furtado May/13/1991 Jun/7/1991 headed Dirad and Direx (Memoir BCB 244/91)

Armínio Fraga Neto Jun/6/1991 Jun/7/1991 Jun/7/1991 Nov/30/1992 Dec/1/1992


Deputy Governor for Norms and Financial System Organization Dinor

Created on Mar/16/1990, with the restructuring proposed by BCB Vote 258/90 and the extinction of the Deputy Governor for Securities Market – see p. 11



Name Appointment



Gustavo Jorge Laboissière Loyola Mar/15/1990 Mar/16/1990 Mar/15/1990 Nov/12/1992 Nov/16/1992


Deputy Governors – after 1992 I. On Jan/24/1992, BCB Vote 57/92 was approved. It introduced the concept of Board of Governors, with attributions and competences grouped by subjects; extinguished the

Cabinets of the Governor and Deputy Governors; it also eliminated the practice of naming Deputy Governors by their fields of operation (“Deputy Governor for ...”) and their respective acronyms.

II. The Board of Governors remains with 9 members (1 Governor and 8 Deputy Governors), pursuant to Decree 91,961, of November 19, 1985 – see notes II-V on p. 8. III. The title of members of the Board of Governor began to depict groupings defined in the Internal Regulations (Ordinance 267, of March 4, 1996) as follows: “Deputy Governor

responsible for the matters of...”, without the official use of acronyms. However, this form of addressing board members was not assimilated, either inside or outside of the Central Bank, so the informal use of acronyms remained (Communiqué BCB 427/99).

IV. On Dec/8/1999, pursuant to Service Order 3,502, the form of addressing members of the Board of Governors was modified, reintroducing the official use of the expression “Deputy Governor for ...” and its respective acronyms.

V. On Dec/14/2005, after the publication of the new Internal Regulations by Ordinance 29,971, all incumbent Deputy Governors had their competences defined and reconfirmed by Ordinance 32,972

VI. Pursuant to the Complementary Law number 179, from 2/24/2021, which establishes the autonomy of the Central Bank of Brazil, the terms of its Deputy Governors shall last for 4 (four) years, according to an order defined by law. The Governor and the Deputy Governors of the Central Bank of Brazil may be reappointed once, observing the provisions of the law.

Area for Administration Dirad

Name Appointment



Cincinato Rodrigues de Campos Jan/24/1992 Nov/30/1992 Dec/1/1992 the structural modification of Jan/24/1992,

introduced by BCB Vote 57/92, occurred without changing the incumbent Deputy Governor - see p. 8

Emílio Garófalo Filho Dec/2/1992 Apr/6/1993



Carlos Eduardo Tavares de Andrade Apr/5/1993 Apr/6/1993 Apr/6/1993 Mar/3/1999 Mar/4/1999 headed cumulatively "until inauguration of new assignee" (Memoir BCB 824/92)

Edison Bernardes dos Santos Mar/3/1999 Mar/4/1999 Mar/4/1999 Mar/13/2003 Mar/14/2003

João Antônio Fleury Teixeira Mar/13/2003 Mar/14/2003 Mar/17/2003 Oct/31/2006 Nov/1/2006 designated by Ordinance 22,332, and later by Ordinance 32,972

Antonio Gustavo Matos do Vale 3Oct/31/2006 Dec/6/2007 headed Dilid and Dirad from Oct/31/2006

(Ordinance 37,000) to Dec/6/2007 (Ordinance 42,129)

Anthero de Moraes Meirelles Dec/5/2007 Dec/6/2007 Dec/6/2007 Mar/2/2011 designated by Ordinance 42,129 date of Ordinance 63,809, which designated him

as Deputy Governor for Surveillance

Altamir Lopes Mar/1/2011 Mar/2/2011 Mar/2/2011 Sep/29/2015 designated by Ordinance 63,807 date of Ordinance 86,709, which designated him

to head the Area of Economic Policy, and revoked Ordinance 63,807

Luiz Edson Feltrim Sep/29/2015 Jul/7/2016 Sep/18/2017 Sep/19/2017

designated by Ordinance 86,708 “without hindering his duties in Direc”

date of Ordinance 89,734, which designated him to head only the Area of Administration, and revoked Ordinance 86,708

Mauricio Costa de Moura Sep/18/2017 Sep/19/2017 Sep/19/2017 Apr/26/2018 designated by Ordinance 94,917 date of Ordinance 97,819, which designated him to

head the Area of Institutional Relationship and Citizenship, and revoked Ordinance 89,735

Carolina de Assis Barros Apr/25/2018 Apr/26/2018 Apr/26/2018 Incumbent according to the decree, from Apr/19/2021, she shall exert her term up to Dec/31/2024



Area for International Affairs and Risk Management

Direx

Name Appointment



Arminio Fraga Neto Jan/24/1992 Nov/30/1992 Dec/1/1992 the structural modification of Jan/24/1992,

introduced by Vote BCB 57/92, occurred without changing the incumbent Deputy Gov. - see p. 14 and I on p. 15

Emílio Garófalo Filho Nov/30/1992 Dec/1/1992 Dec/1/1992 Apr/5/1993 Apr/6/1993

José Roberto Novaes de Almeida Apr/5/1993 Apr/6/1993 Apr/6/1993 Sep/8/1993 Sep/9/1993

Gustavo Henrique de Barroso Franco Sep/8/1993 Sep/9/1993 Sep/9/1993 Sep/3/1997 as of Aug/20/1997, he was appointed Governor, but remained as head of Direx, until inauguration of new assignee Demosthenes Madureira de Pinho Neto Sep/2/1997 Sep/3/1997 Sep/3/1997 Mar/3/1999 Mar/4/1999

Daniel Luiz Gleizer Mar/3/1999 Mar/4/1999 Mar/4/1999 Jan/11/2002 date of Ordinance 17,616, which designated him Deputy Governor for Special Matters

Beny Parnes Dec/31/2001 Jan/2/2002 Jan/11/2002 Oct/31/2003 Nov/3/2003

Alexandre Schwartsman Oct/31/2003 Nov/3/2003 Nov/3/2003 Apr/27/2006 Apr/28/2006 designated by Ordinance 24,580, and later by Ordinance 32,972 (see note V on p. 15)

Alexandre Antonio Tombini Apr/28/2006 Jun/14/2006 headed Dinor and Direx cumulatively, from

Apr/28/2006 (Ordinance 34,490) to Jun/14/2006 (Ordinance 34,931)

Paulo Vieira da Cunha May/29/2006 May/30/2006 Jun/14/2006 Jan/11/2008 Jan/14/2008 designated by Ordinance 34,391

Alexandre Antonio Tombini Jan/14/2008 Jan/20/2008 headed Dinor and Direx cumulatively (Ordinance 42,750 and Memoir BCB 19/2008)

Maria Celina Berardinelli Arraes Jan/11/2008 Jan/14/2008 Jan/21/2008 Jan/18/2010 Jan/19/2010 though having been appointed on Jan/14/2008,

the Deputy Governor only took office on Jan/21/2008, designated to Direx by Ordinance 42,860 of 21/Jan/2008

Aldo Luiz Mendes Jan/18/2010 Feb/26/2010 headed Dipom and Direx conjointly, from

Jan/18/2010 (Ordinance 55,281) to Feb/26/2010 (Ordinance 56,098)



Continues...

International Affairs (continued) Appointment



Carlos Hamilton Vasconcelos Araújo Feb/25/2010 Feb/26/2010 Feb/26/2010 Apr/27/2010

designated by Ordinance 56,098 headed Direx and Dipec conjointly, from

Mar/31/2010 to Apr/27/2010. On this date, with the inauguration of Mr. Luiz Pereira Deputy Governor for Direx, he began to head Dipec only

Luiz Awazu Pereira da Silva Apr/20/2010 Apr/22/2010 Apr/27/2010 May/4/2011 designated by Ordinance 57,317 on May/4/2011 (Vote BCB 104/2011), Direx had

its name and competences altered. The acronym remained unchanged.

Area for International Affairs and Corporate Risk Management Direx

Created on May/4/2011 by Vote BCB 104/2011, with redefinition of Direx’s competences – the acronym remained the same

Name Appointment



Luiz Awazu Pereira da Silva 4/May/2011 27/Apr/2015 designated by Ordinance 64,847 Date of Ordinance 84,899, which designated him

Deputy Governor for Economic Policy

Tony Volpon Apr/23/2015 Apr/24/2015 Apr/27/2015 Jul/6/2016 Jul/7/2016 designated by Ordinance 84,901

Tiago Couto Berriel Jul/6/2016 Jul/7/2016 Jul/7/2016 designated by Ordinance 89,738 and then by

Ordinance 100.770 (cumulatively with Dipec) and finally by Ordinance 101.925 reassigning him solely to Direx.

João Manoel Pinho de Mello Jun/21/2019 Jul/5/2019 designated by Ordinance 103,417

Fernanda Feitosa Nechio Jul/4/2019 Jul/5/2019 Jul/5/2019 May/7/2021⓫ designated by Ordinance 103,666

João Manoel Pinho de Mello May/7/2021⓬ Incumbent⓭ ⓫ publication date of exoneration decree



⓬ appointed to conjointly head Direx, without

hindering his duties in Diorf (Ordinance 110.376) ⓭ according to the decree published on Apr/20/2021, will exert term up to Dec/31/2021

Area for Supervision Difis

Name Appointment



Luiz Nelson Guedes de Carvalho Jan/24/1992 Apr/5/1993 Apr/6/1993 the structural modification of Jan/24/1992,

introduced by BCB Vote 57/92, occurred without changing the incumbent Deputy Governor - see p. 13 and note I on p. 15

Sérgio de Iudícibus Apr/5/1993 Apr/6/1993 Apr/6/1993 Sep/8/1993 Sep/9/1993

Cláudio Ness Mauch Sep/9/1993 Dec/7/1993 headed Difis cumulatively "until inauguration of new assignee" according to Memoir BCB 554/93 Edson Bastos Sabino Dec/3/1993 Dec/6/1993 Dec/7/1993 Jun/29/1995 Jun/30/1995

Cláudio Ness Mauch Jun/30/1995 Mar/3/1999 Mar/4/1999 was interim Deputy Governor from Jun/30/1995 to Mar/20/1996 (Memoir BCB 265/95); designated member by Ordinance 268 of Mar/20/1996 Luiz Carlos Alvarez Mar/3/1999 Mar/4/1999 Mar/4/1999 Dec/1/1999 Dec/2/1999

Carlos Eduardo de Freitas Nov/29/1999 Mar/30/2000 headed conjointly (Ordinance 10,739)

Tereza Cristina Grossi Togni Mar/29/2000 Mar/30/2000 Mar/30/2000 Mar/13/2003 Mar/14/2003

Deputy Governor was unseated twice during her term by judicial order: from 1 to Aug/4/2000, and from 4 to Oct/23/2001. On both occasions, Deputy Governor Carlos Eduardo de Freitas headed DIFIS cumulatively

Paulo Sérgio Cavalheiro Mar/13/2003 Mar/14/2003 Mar/17/2003 Dec/17/2007 Dec/18/2007 designated by Ordinance 22,332 and later by Ordinance 32,972 (see note V on p. 15)

Alvir Alberto Hoffmann Dec/17/2007 Dec/18/2007 Dec/19/2007 Mar/1/2011 Mar/2/2011 designated by Ordinance 42,339

Anthero de Moraes Meirelles Mar/2/2011 Sep/18/2017 Sep/19/2017 designated by Ordinance 63,809

Paulo Sérgio Neves de Souza Sep/18/2017 Sep/19/2017 Sep/19/2017 Incumbent designated by Ordinance 94,918



according to the decree, from Apr/19/2021, he shall exert his term up to Feb/28/2023

Area for Financial System Regulation Dinor

Name Appointment



Gustavo Jorge Laboissière Loyola Jan/24/1992 Nov/12/1992 Nov/16/1992 the structural modification of Jan/24/1992,

introduced by Vote BCB 57/92, occurred without changing the incumbent Deputy Governor - see p. 14 and note I on p. 15

Gustavo Jorge Laboissière Loyola Nov/18/1992 Mar/25/1993 after being appointed Governor, he kept on

heading Dinor (Memoir BCB 802/92-A of Nov/18/1992)

Paulo Cesar Ximenes Alves Ferreira Mar/29/1993 Apr/6/1993 after being appointed Governor, he kept on

heading Dinor cumulatively (Memoir BCB 197/93 of Mar/29/1993)

Cláudio Ness Mauch Apr/5/1993 Apr/6/1993 Apr/6/1993 Mar/20/1996

Alkimar Ribeiro Moura Mar/20/1996 Sep/2/1997 Sep/3/1997 began to head Dinor (Ordinance 268 - Memoir BCB 125/96)

Sérgio Darcy da Silva Alves Sep/2/1997 Sep/3/1997 Sep/3/1997 Apr/12/2006

in 2005, after the Internal Regulations were published, he was designated by Ordinance 32,972 (see note V on p. 15)

date of Ordinance 34,325, which designated him to head Diesp

Alexandre Antonio Tombini Apr/12/2006 Jan/1/2011 Jan/1/2011 designated by Ordinance 34,325



Luiz Awazu Pereira da Silva Jan/3/2011 May/4/2011

designated to head Dinor “without hindering his duties at Direx” (Ordinance 62,484)

on May/4/2011 (Vote BCB 104/2011), Dinor had its name and competences altered. The acronym remained unaltered

Area for Financial System Regulation Dinor

Created on May/4/2011, by Vote BCB 104/2011, with alteration of Dinor’s competences – the acronym remained the same

Name Appointment



Luiz Awazu Pereira da Silva May/4/2011 Jun/25/2013

designated by Ordinance 64,847 cumulatively with Direx

on Jun/25/2013 (Vote 147/2013-BCB), Dinor had its name and structure altered. The acronym remained unchanged

Area for Regulation Dinor

Created on Jun/25/2013, by Vote 147/2013-BCB, with alteration of Dinor’s competences – the acronym remained the same

Name Appointment



Luiz Awazu Pereira da Silva Jun/25/2013 Feb/5/2015 designated by Ordinance 84,092 to head Direx and Dipec



Anthero de Moraes Meirelles Feb/5/2015 Apr/27/2015

designated by Ordinance 84,093, cumulatively with Difis

with the inauguration of Deputy Governor Otávio Damaso and the coming into effect of Ordinance 84,900, Ordinance 84,093 was revoked

Otávio Ribeiro Damaso Apr/23/2015 Apr/24/2015 Apr/27/2015 Incumbent designated by Ordinance 84,900 according to the decree, from Apr/19/2021, he shall exert his term up to Dec/31/2024



Area for Monetary Policy Dipom

Name Appointment



Pedro Luiz Bodin de Moraes Jan/24/1992 Nov/30/1992 Dec/1/1992 the structural modification of Jan/1992,

introduced by Vote BCB 57/92, occurred without changing the incumbent Deputy Governor - see p. 13 and note I on p. 15

João Heraldo dos Santos Lima Nov/30/1992 Dec/1/1992 Dec/1/1992 Apr/5/1993 Apr/6/1993

Francisco Amadeu Pires Felix Apr/5/1993 Apr/6/1993 Apr/6/1993 Sep/8/1993 Sep/9/1993

Francisco Eduardo de Almeida Pinto Sep/8/1993 Sep/9/1993 Sep/9/1993 Feb/21/1994 Feb/22/1994

Pedro Sampaio Malan Feb/22/1994 Mar/7/1994 accumulated Presi and Dipom (Memoir BCB 73/94)

Alkimar Ribeiro Moura Mar/4/1994 Mar/7/1994 Mar/7/1994 Mar/20/1996 began to head Dinor (Ordinance 268; Memoir BCB 125/96)

Francisco Lafaiete de Pádua Lopes Mar/20/1996 Mar/3/1999 Mar/4/1999 headed Dipom and Dipec cumulatively, from

Mar/20/1996 to Mar/3/1999 (Ordinance 268 and Memoir BCB 125/96)

Luiz Fernando Figueiredo Mar/3/1999 Mar/4/1999 Mar/4/1999 Mar/17/2003 date of Ordinance 22,332, which designated him to head Diesp

Luiz Augusto de Oliveira Candiota Mar/13/2003 Mar/14/2003 Mar/17/2003 Jul/28/2004 Jul/29/2004 designated by Ordinance 22,332

Afonso Sant'Anna Bevilaqua Jul/29/2004 Oct/20/2004 designated by Ordinance 27,514 date of Ordinance 28,379, which designated him

to head Dipec

Rodrigo Telles da Rocha Azevedo Oct/19/2004 Oct/20/2004 Oct/20/2004 Apr/26/2007 Apr/27/2007 designated by Ordinance 28,380 and later by Ordinance 32,972 (see note V on p. 15)

Mario Gomes Torós Apr/26/2007 Dec/4/2009 Dec/7/2009 designated by Ordinance 39,308

Continues...



Monetary Policy (continued) Appointment



Aldo Luiz Mendes Dec/7/2009 Nov/30/2009 Jul/6/2016 Jul/7/2016 Deputy Governor was appointed on Nov/26/2009

by decree published on Nov/27/2009; he was assigned to Dipom only on Dec/7/2009, by Ordinance 54,397

Reinaldo Le Grazie Jul/6/2016 Jul/7/2016 Jul/7/2016 Dec/20/2018 Dec/21/2018 designated by Ordinance 89,736

Carlos Viana de Carvalho Dec/21/2018 Feb/28/2019 date of Ordinance 100,771, which designated him to head Dipom

Bruno Serra Fernandes Feb/28/2019 Incumbent

date of Ordinance 101,926, which designated him to head Dipec

designated by Ordinance 101,923 according to the decree, from Apr/19/2021, he

shall exert his term up to Feb/28/2023



Area for Economic Policy Dipec

Area created on Dec/27/1994 (Vote BCB 617/94)

Name Appointment



Francisco Lafaiete de Pádua Lopes Jan/11/1995 Jan/12/1995 Jan/12/1995 Mar/3/1999 Mar/4/1999

Sérgio Ribeiro da Costa Werlang Mar/3/1999 Mar/4/1999 Mar/4/1999 Sep/14/2000 designated him Deputy Governor for Special Studies (Ordinance 13,097)

Ilan Goldfajn Sep/13/2000 Sep/14/2000 Sep/14/2000 Jul/1/2003 Jul/2/2003

Afonso Sant'Anna Bevilaqua Jul/2/2003 Jul/29/2004 designated by Ordinance 23,365 date of Ordinance 27,514, which designated him

Deputy Governor for Monetary Policy

Eduardo Henrique de Mello Motta Loyo Jul/292004 Oct/20/2004 headed Dipec and Diesp from Jul/29/2004 (Ordinance 27,515) to Oct/20/2004 (Ordinance 28,378)

Afonso Sant'Anna Bevilaqua Oct/20/2004 Mar/6/2007 Mar/7/2007 designated by Ordinance 28,379 and later by Ordinance 32,972 (see note V on p. 15)

Mário Magalhães Carvalho Mesquita Mar/7/2007 Mar/31/2010 headed Dipec and Diesp from Mar/7/2007

(Ordinance 38,735) to Apr/25/2007 (Ordinance 39,294) date of Ordinance 56,858, which designated him

to head the area of Special Studies

Carlos Hamilton Vasconcelos Araújo Mar/31/2010 Feb/18/2015 Feb/19/2015

designated by Ordinance 56,859 “without hindering the duties related to the area of International Affairs.” Headed Direx and Dipec conjointly, from Mar/31/2010 to Apr/27/2010. On the same date, with the inauguration of the new Deputy Governor for Direx, he began head Dipec.only On Feb/5/2015, he ceased to head Dipec, according to Ordinance 84,092, which revoked Ordinance 56,859.

Continues...



Economic Policy (continued) Appointment



Luiz Awazu Pereira da Silva Feb/5/2015 Sep/28/2015 Sep/29/2015

designated by Ordinance 84,092 to head Direx cumulatively, until Apr/27/2015. On this date, with the inauguration of Deputy Governor Tony Volpon, he started to head DIPEC only, pursuant to Ordinance 84,899

Altamir Lopes Sep/29/2015 Jun/28/2016 Jun/29/2016 designated by Ordinance 86,709

Aldo Luiz Mendes Jun/29/2016 Jul/6/2016 Jul/7/2016 designated by Ordinance 89,612

Carlos Viana de Carvalho Jul/6/2016 Jul/7/2016 Jul/7/2016 Dec/21/2018 Dec/21/2018

designated by Ordinance 89,737 date of Ordinance 100,771, which designated him

to head Dipom

Tiago Couto Berriel Dec/21/2018 Feb/28/2019 designated by Ordinance 100,770

Carlos Viana de Carvalho Feb/28/2019 Oct/1/2019 Oct/2/2019 Ordinance 101,925 designated him to Direx designated by Ordinance 101,926

Mauricio Costa de Moura Oct/1/2019 Oct/1/2019 publication date of the exoneration Decree

Otávio Ribeiro Damaso Oct/2/2019 Oct/2/2019 publication date of Ordinance 104.829, which

designated him to cumulatively head the Economic Policy area

Bruno Serra Fernandes Oct/3/2019 Dec/12/2019⓬ ⓫ publication date of inauguration Decree

Fábio Kanczuk Nov/29/2019⓫ Dec/12/2019⓬ Incumbent ⓭

⓬ publication date of Ordinance 105,662, which designates new assignee and revokes Ordinance 104.829. ⓭according to the decree, from Apr/19/2021, he shall exert his term up to Dec/31/2021



Area for Liquidation and Privatization Direm

Area created on Dec/4/1996 (Vote BCB 478/96)

Name Appointment



Paolo Enrico Maria Zaghen Nov/29/1996 Dec/2/1996 Dec/2/1996 Jul/28/1999 Jul/29/1999 designated by Ordinance 274

Luiz Carlos Alvarez Jul/29/1999 Aug/12/1999

served Difis and Direm cumulatively (Memoir BCB 269/99)

date refers to Memoir BCB 283/99, which assigned Deputy Governor Carlos Eduardo de Freitas to head Direm

Carlos Eduardo de Freitas Aug/11/1999 Aug/12/1999 Aug/12/1999 Dec/1/1999 Direm was transformed into Difip (Vote BCB

427/99) without changing the incumbent Deputy Governor.

Area for Liquidation and Privatization Difip

Created on Dec/1/1999, with alteration of Direm’s competences, by Vote BCB 427/99

Name Appointment



Carlos Eduardo de Freitas Dec/1/1999 Apr/24/2002 Difip was transformed into Dilid (Vote BCB

170/2002) without changing the incumbent Deputy Governor



Area for Liquidation and Privatization Dilid

Created on Apr/24/2002, with modification of Difip’s name and structure by Vote BCB 170/2002

Name Appointment



Carlos Eduardo de Freitas Apr/24/2002 May/7/2003 May/8/2003 DIFIP was transformed into DILID (Vote BCB

170/2002) without changing the incumbent Deputy Governor

Antonio Gustavo Matos do Vale May/7/2003 May/8/2003 May/8/2003 Mar/25/2009

designated by Ordinance 22,820 and later by Ordinance 32,972 (see note V on p. 15)

date when the name and structure of the DILID were modified (Vote BCB 120/2009); the acronym remained the same

Area for Liquidation and Surveillance of Farm Credit Operations Dilid

Created on Mar/25/2009, with alteration of its competences by Vote BCB 120/2009 – the acronym remained the same

Name Appointment



Antonio Gustavo Matos do Vale Mar/25/2009 Mar/1/2011 Mar/2/2011

Sidnei Corrêa Marques Mar/1/2011 Mar/2/2011 Mar/2/2011 May/4/2011 designated by Ordinance 63,808 date when Dilid was transformed into Diorf (Vote

BCB 104/2011)



Area for Financial System Organization and Control of Farm Credit Diorf

Created on May/4/2011 derived from Dilid, with competences restructured by Vote BCB 104/2011

Name Appointment



Sidnei Corrêa Marques May/4/2011 Dec/22/2016

designated by Ordinance 64,848 date when the name and competences of Diorf

were modified (Vote 116/2016-CMN and Ordinance 91,740); the acronym remained the same

Area for Licensing and Resolution Diorf

Created on Dec/22/2016 with competences restructured by Vote 116/2016-CMN

Name Appointment



Sidnei Corrêa Marques Dec/22/2016 Feb/28/2019 Diorf was restructured without changing the incumbent Deputy Governor

João Manoel Pinho de Mello Feb/28/2019 Incumbent

Designated by Ordinance 101,924, accumulated Direx from Jun/21/2019 to Jul/5/2019, and reassigned solely to Diorf on Jul/8/2019 Ordinance 103,667

according to the decree, from Apr/19/2021, he shall exert his term up to Dec/31/2021

appointed to conjointly head Direx, without hindering his duties in Diorf (Ordinance 110.376)



Deputy Governor for Special Studies Diesp

Before the creation of the Directorate for Special Studies (Diesp), some Deputy Governors were designated as "Deputy Governors for Special Studies", without specific organizational structure (consultants and secretaries) to assist them.

Name Appointment



Sérgio Ribeiro da Costa Werlang Sep/14/2000 Oct/3/2000 Oct/4/2000 designated by Ordinance 13,097 dismissed as of Sep/25/2000

Daniel Luiz Gleizer Jan/11/2002 Feb/15/2002 Feb/18/2002 designated by Ordinance 17,616 dismissed as of Mar/21/2003

Luiz Fernando Figueiredo Mar/17/2003 Mar/26/2003 Mar/27/2003 designated by Ordinance 22,332 dismissed as of Mar/21/2003

Afonso Sant'Anna Bevilaqua Jun/25/2003 Jun/26/2003 Jun/26/2003 Jul/2/2003 designated by Ordinance 23,320 date of Ordinance 23,365, which designated him

to head Dipec



Area for Special Studies Diesp

Area created on Jul/30/2003 (Vote BCB 208/2003) Deactivated on May/23/2007 (Vote BCB 140/2007)

Name Appointment



Eduardo Henrique de Mello Motta Loyo Aug/19/2003 Aug/20/2003 Aug/21/2003 Jun/1/2005 Jun/2/2005 designated by Ordinance 23,901

Alexandre Antonio Tombini Jun/2/2005 Jun/3/2005 Jun/3/2005 Apr/12/2006

designated by Ordinance 30,894 and later by Ordinance 32,972 (see note V on p. 15). Ordinance 30,894 revoked Ordinance 30,845, by which Deputy Governor Afonso Bevilaqua had been appointed to head Diesp

date of Ordinance 34,325, which designated him to head Dinor

Sérgio Darcy da Silva Alves Apr/12/2006 Apr/19/2006 Apr/20/2006 designated by Ordinance 34,325

Afonso Sant'Anna Bevilaqua Apr/20/2006 Jun/1/2006 designated by Ordinance 34,397 date of Ordinance 34,722 which designated him to

Dipec; the same Ordinance designated Mr. Mário Mesquita to Diesp

Mário Magalhães Carvalho Mesquita May/29/2006 May/30/2006 Jun/1/2006 Apr/25/2007 date of Ordinance 39,294, which designated Mr.

Mario Torós to Diesp; Dep. Governor Mário Mesquita remained head of Dipec until Mar/31/2010

Mario Gomes Torós Apr/24/2007 Apr/25/2007 Apr/25/2007 May/23/2007 DIESP was deactivated on May/23/2007 (Vote BCB 140/2007)

Three years after the Area for Special Studies was deactivated, Deputy Governor Mário Mesquita was designated to head the "Area for Special Studies", without specific organizational structure (consultants and secretaries) to assist him

Mário Magalhães Carvalho Mesquita Mar/31/2010 Apr/7/2010 Apr/8/2010 designated by Ordinance 56,858, “to head the Area for Special Studies”



Area for Special Affairs Diasp

Area created on May/31/2012 (Vote 117/2012-BCB), later transformed into Direc

Name Appointment



Luiz Edson Feltrim Jun/27/2012 Jun/28/2012 Jun/28/2012 Sep/13/2012 designated by Ordinance 71,403 date when Diasp was transformed into Direc (Vote

199/2012-BCB)

Area for Institutional Relations and Citizenship Direc

Area created on Sep/13/2012 derived from Diasp, with alteration of its competences by Vote 199/2012-BCB

Name Appointment



Luiz Edson Feltrim Sep/13/2012 Jul/7/2016

the date refers to Vote 199/2012-BCB, which created Direc; the Deputy Governor was designated shortly after by Ordinance 72,878 of Sep/27/2012, which validated his acts signed from 13 to Sep/27.

date of Ordinance 89,734, which designated him to head the area of Administration only, and revoked Ordinance 71,403

Isaac Sidney Menezes Ferreira Jul/6/2016 Jul/7/2016 Jul/7/2016 Apr/25/2018 Apr/26/2018 designated by Ordinance 89,735

Mauricio Costa de Moura Apr/26/2018 Jun/6/2019 date of Ordinance 97,819, which designated him

to head the Institutional Relationship and Citizenship area, and revoked Ordinance 89,735



Area for Institutional Relations, Citizenship, and Supervision of Conduct Direc

Created on Jun/6/2019, with an update in its competences by Vote 100/2019-BCB – the acronym has remained

Name Appointment



Mauricio Costa de Moura Jun/6/2019 Incumbent

Direc has gone through an update with Ordinance 103,198, but no changes in the incumbent Deputy Governor

according to the decree, from Apr/19/2021, he shall exert his term up to Dec/31/2023



Information Sources:

1. BANCO CENTRAL DO BRASIL. Brasília. Board minutes historical collection, 1965-2021

2. VIEIRA, José Antonio Berardinelli. Banco Central do Brasil: organização e funcionamento. Brasília: BCB/DIRAD, 1978. 442p.

3. BANCO CENTRAL DO BRASIL. Departamento de Planejamento. Evolução da Estrutura Organizacional do Banco desde 1965. File no. 970078934, NDOC-ORIGEM PRESI-90/0475 of 21/Mar/1990

Historical research: All historical data were collected and organized by the Office for the Management of Electronic Records and Minutes - SECRE/SUCON/DIBAS/SUDOC Updated on May 14, 2021 - 14:53 Translation notes: 1 – Vote (Portuguese: Voto) is a document presented before the Board of the CMN or BCB, which advocates a decision from the Board on a specific matter. 2 – Ordinance (Portuguese: Portaria) is a document issued by an authority containing instructions, nominations, dismissals or other provisions.

GovernorsDismissalAppointmentInauguration

AppointmentInaugurationDeputy Governors – from 1965 to 1969Deputy Governors – from 1969 to 1974DismissalDeputy Governors – from 1975 to 1992Deputy Governor for Administration DiradAppointmentInaugurationDismissal

Deputy Governor for the Banking Area DibanAppointmentInaugurationDismissal

Deputy Governor for the External Area DirexAppointmentInaugurationDismissal

Deputy Governor for Rural and Industrial Credit DicriAppointmentInaugurationDismissal

Deputy Governor for Securities MarketDimecAppointmentInaugurationDismissal

Deputy Governor for External Debt AffairsDivexAppointmentInaugurationDismissal

Deputy Governor for Public Debt DidipAppointmentInaugurationDismissal

Deputy Governor for Public Debt and Open Market DidipAppointmentInaugurationDismissal

Deputy Governor for SupervisionDifisAppointmentInaugurationDismissal

Deputy Governor for Monetary PolicyDipomAppointmentInaugurationDismissal

Deputy Governor for International AffairsDirex

Deputy Governor for International AffairsDirexAppointmentInaugurationDismissal

Deputy Governor for Norms and Financial System OrganizationDinorAppointmentInaugurationDismissal

Deputy Governors – after 1992Area for AdministrationDiradAppointmentInaugurationDismissal

Area for International Affairs and Risk ManagementDirexAppointmentInaugurationDismissalAppointmentInauguration

Dismissal

Area for International Affairs and Corporate Risk Management DirexAppointmentInaugurationDismissal

Area for SupervisionDifisAppointmentInaugurationDismissal

Area for Financial System RegulationDinorAppointmentInaugurationDismissal

Area for Financial System RegulationDinorAppointmentInaugurationDismissal

Area for RegulationDinorAppointmentInaugurationDismissal

Area for Monetary PolicyDipomAppointmentInaugurationDismissalAppointmentInauguration

Dismissal

Area for Economic PolicyDipecAppointmentInaugurationDismissalAppointmentInauguration

Dismissal

Area for Liquidation and Privatization DiremAppointmentInaugurationDismissal

Area for Liquidation and PrivatizationDifipAppointmentInaugurationDismissal

Area for Liquidation and PrivatizationDilidAppointmentInaugurationDismissal

Area for Liquidation and Surveillance of Farm Credit Operations DilidAppointmentInaugurationDismissal

Area for Financial System Organization and Control of Farm Credit DiorfAppointmentInaugurationDismissal

Area for Licensing and ResolutionDiorfAppointmentInaugurationDismissal

Deputy Governor for Special StudiesDiespAppointmentInaugurationDismissal

Area for Special StudiesDiespAppointmentInaugurationDismissal

Area for Special Affairs DiaspAppointmentInaugurationDismissal

Area for Institutional Relations and CitizenshipDirecAppointmentInaugurationDismissal

Area for Institutional Relations, Citizenship, and Supervision of ConductDirecAppointmentInaugurationDismissal

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