BRB Appoints New Finance and Risk Leaders Amid 60-Day Leadership Suspension

Brazil's Banco de Brasilia (BRB) announced the immediate replacement of its chief financial officer and head of risk management after a federal court mandated a 60-day suspension of the CEO and CFO. The decision, issued by a federal judicial authority overseeing a Federal Police investigation, led to the temporary removal of both executives from their roles. The bank confirmed the changes in a statement distributed via internal communication channels. The suspension affects two top-tier leadership positions: the CFO and the head of risk, both critical in managing regulatory compliance and internal controls. According to internal documents reviewed by company officials, the measures were taken to ensure operational continuity during the investigation into potential misconduct at BRB’s central offices in Brasília. During the 60-day period, interim leadership has been appointed, with the new finance chief previously serving as deputy director of corporate treasury. The risk officer, now in place, brings over 12 years of experience in credit assessment and regulatory reporting at major Brazilian financial institutions. Both appointments reflect BRB’s effort to stabilize governance amid heightened scrutiny. Market analysts note that the leadership shift could influence investor confidence in BRB’s compliance framework. As a state-owned bank with over R$54 billion in assets, BRB operates across 13 states and manages more than 3.8 million client accounts. The timeline of the investigation and outcome will be closely monitored by regulators and stakeholders alike.