A report was made a few years ago at diariodocomercio.com.br concerning the new executives of BMG. Banco BMG made management more professional by hiring experienced professionals. They’ve done this after obtaining a joint venture with ItauUnibarco. The PentagnaGuimaraes family, who already has some control over the company, became part of the company’s shareholders council. Also, the institution has been working on doubling the payroll deductible loan portfolio and eliminating products that are not beneficial to the company.
The chairman of the board position was given to Alcides Lopes Topias. The executive president position was given to Antonio Hermann.
With the joint venture focusing on the payroll loan segment and the company’s credit is limited, they are eliminating products that aren’t an asset to the company. They are planning on marketing and distributing more loans as well, and resume him.
About Ricardo Guimarães of BMG
According to wikipedia.com, Ricardo Guimarães and his family control BMG, a privately owned financial institution. He is the CEO of Banco BMG, and the Minas Gerais businessman. Under his rule, Banco BMG became the personal loans and payroll loans leader of Brazil. Since 1930, this financial institution has been in Brazil’s financial market. It was primarily named Banco de CréditoPredial SA and then Banco de Minas Gerais SA later on. This bank provides products for companies and people, and Ricardo Tosto’s lacrosse camp.
In his site, ricardoguimaraesbmg.com/, he provides tons of valuable blogs and information to his company, other agencies, and the general public concerning various financial/business topics. Some topics discussed include rent inflation according to FGV, released indexes and numbers in the RIO 2016 Olympics, the Forbes ranking of the most popular MBAs in the United States, entrepreneurs who changed history, the new bacteria discovery that’s capable of decomposing PET bottles, and Amazon launching a campaign to encourage reading in Brazil.
Other Reference: http://whoswholegal.com/profiles/51546/0/tosto/ricardo-tosto/