Find out who Gabriel Galípolo and Ailton Santos are, approved by CAE for directors at the Central Bank

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Names were approved by a Senate committee this Tuesday; main plenary will still analyze. Galípolo was Haddad’s ‘number 2’ and is quoted to preside over BC in 2025. Santos should be the bank’s first black director. Central Bank headquarters in Brasília Raphael Ribeiro/BCB The Economic Affairs Committee (CAE) of the Senate approved this Tuesday (4th) the names of economist Gabriel Galípolo and Central Bank auditor-in-chief Ailton Santos to head BC directors for the next four years. Galípolo and Santos were questioned by senators this Tuesday, and will still pass through the Senate plenary – the vote should still take place on Tuesday. If approved, they will take office on a date to be defined. Gabriel Galípolo was appointed by the Minister of Finance, Fernando Haddad, to assume the Monetary Policy Directorate of the Central Bank. Already Ailton Santos, if approved, will be the new Director of Inspection of the body. The Central Bank gained administrative autonomy in a law sanctioned in 2021 by President Jair Bolsonaro. As a result, directors and the president now have a fixed term of four years. The current president of BC, Roberto Campos Neto, ends at the end of 2024 – and Galípolo is already quoted to replace him. Since taking office, the Luiz Inácio Lula da Silva government has been fighting Campos Neto over the basic interest rate (Selic). The government is pressing for a reduction in the rate, which stimulates economic growth. The BC resists, pointing to a risk of high inflation. See below the profiles of the nominees to the directorates of the Central Bank: Gabriel Galípolo, nominated to the Monetary Policy Directorate Who is Gabriel Galípolo? Fernando Haddad) until May. Graduated in Economic Sciences and Master in Political Economy from the Pontifical Catholic University (PUC-SP). University professor, he taught from 2006 to 2012 in undergraduate courses at PUC-SP, where he graduated. He was president of Banco Fator, an institution with a tradition of privatization programs and public-private partnerships (PPPs), from 2017 to 2021. The economist was in charge of the bank during the studies for the privatization process of the State Water and Sewage Company of Rio de Janeiro (Cedae). The development of a public-private partnership model for Cedae began in 2018 by the consortium led by Banco Fator, together with the National Bank for Economic and Social Development (BNDES). An expert on the subject, Gabriel Galípolo taught classes on PPPs and concessions at the São Paulo School of Sociology and Politics Foundation (Fespsp). In his performance in public management, he was head of the Economic Advisory of the Secretariat of State for Metropolitan Transport of São Paulo, in 2007, in the management of then governor José Serra (PSDB). The following year, still during the toucan’s government, he assumed the position of director of Project Structuring at the Secretariat of Economy and Planning of São Paulo. In 2009, he founded Galípolo Consultoria, where he worked until he reached the Ministry of Finance. Ailton Santos, appointed to the Supervisory Board Ailton Aquino was born in Jequié, in southwestern Bahia Social networks Born in Jequié (BA), Ailton Aquino dos Santos may be the first black person to occupy a directorship at the Central Bank. The bank was founded in 1964, 58 years ago. Santos has worked at BC for 25 years, where he is chief auditor. He graduated in Accounting from the State University of Bahia (Uneb) and in Law from the University Center of the Federal District (UDF), in Brasília. In addition, the auditor has three other specializations in public law, economic engineering of business and international accounting.

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