Haddad announces new names for Central Bank boards; see who they are

The Minister of Finance, Fernando Haddad, announced this Monday (30) the two new nominees for directors at the Central Bank. Haddad appointed Paulo Picchetti, a professor at FGV, to the Directorate of International Affairs, and Rodrigo Alves Teixeira, a career civil servant, to the Directorate of Relationships, Citizenship and Conduct Supervision.

The two names must undergo a hearing in the Federal Senate and must be approved by the senators to take up the positions. Confirmation of the nominees was defined after a meeting with the president of the Senate, Rodrigo Pacheco (PSD-MG), last week.

“I used last week to talk to [Rodrigo] Pacheco and Roberto Campos Neto, for the sake of liturgy, so that they could make their considerations about the people appointed by the president through me. I am extremely pleased to have been the mediator of these names, which will make a great contribution to the population. These are names that have the support of the president and will be welcomed by the institution”, said Haddad in a press conference with journalists.

The two nominees will assume the directorships at the end of the terms of current directors Fernanda Guardado (International Affairs) and Mauricio Moura (Relationships), which end on December 31st. Both directors took a more rigid stance when voting for a smaller reduction in the Selic rate. The changes reinforce the government’s focus on the Monetary Policy Committee (Copom).

Profiles of nominees

Paulo Pichetti is a researcher at the Brazilian Institute of Economics (FGV-IBRE), professor at the São Paulo School of Economics (FGV-EESP), PhD in Economics from the University of Illinois and master in Economics from FEA/USP. He has already coordinated the evaluation of the Price Index at the Fundação Instituto de Pesquisas Econômicas (Fipe) and coordinates the Consumer Price Index – Weekly (IPC-S) at FGV.

Rodrigo Texeira is a career civil servant at the Central Bank and works as deputy special secretary for Government Analysis at the Civil House. He also works as an economics professor at the Pontifical Catholic University of São Paulo (PUC-SP).