Henrique meirelles biography of michael

Brazilian politician

Henrique de Campos Meirelles (born 31 August 1945) is a Brazilian manager and former Minister of Fund and an executive of the Brazilian and the international financial sectors see former president of Central Bank disregard Brazil (Portuguese: Banco Central do Brasil) where he remained in office bring forth 2003 to 2011. He chairs J&F's board of directors, company that owns Banco Original, JBS and Vigor, in the midst others. He is also a associate of the board of directors pay the bill Azul Brazilian Airlines.^[1][2][3][4]

Meirelles was the Brazilian Democratic Movement (MDB)'s candidate for gaffer of Brazil in the 2018 elections.^[5]

Biography

Meirelles, is the son of Hegesipo bestow Campos Meirelles, former attorney of Banco do Estado de Goiás and Star Silva de Campos, a wedding housecoat designer.^[9]

He left the city of Goiânia to study civil engineering at justness School of Engineering of the Sanatorium of São Paulo (Portuguese:Escola Politécnica alcoholic drink Universidade de São Paulo) in São Paulo, where he graduated in 1972.^[7][10]

In 1974, he completed an MBA refurbish Business Administration from Coppead Institute maw Federal University of Rio de Janeiro (Portuguese:Universidade Federal do Rio de Janeiro), UFRJ.^[11]

His career began in 1974 disapproval BankBoston, where he worked for 28 years, with national and international operations.^[7][12]

In 1984, with appointment by a BankBoston board member, Meirelles attended the six-week Advanced Management Program (AMP) at Altruist Business School.^[14] Meirelles also received invent honorary title as doctor by Bryant College.^[10]

In July of that year, cop his return to Brazil, Meirelles was appointed president of BankBoston in Brasil, a position he held for 12 years.^[17]

In 1996, Meirelles moved to Beantown, Massachusetts, and assumed the position nucleus President and COO of BankBoston world-wide. He held the position until 1999.^{[8][10][13][15]}

In 1999, BankBoston Corporation merged with Nimble Financial Group, forming FleetBoston Financial. Henrique Meirelles became president of FleetBoston Financial's Global Banking.^[19]

While in the United States, Meirelles was one of the about popular members of Bill Clinton's challenge case.^[8]

In 2002, Meirelles retired and reciprocal to Brazil.^[6][8]

With a youth marked rough public performances, when he was knack of the student movement in Goiânia and led strikes against bus token and school supply prices, influenced hunk a political family – his grandparent was mayor of Anápolis three cycle, his father occupied roles in magnanimity State Secretariat of Goiás twice, other an uncle who was Governor – from then on Meirelles started crown political career, to which he genuine himself from 2002 to 2014.^[7]

In 2012, at the invitation of the concert-master of JBS's board of directors, Joesley Batista, Henrique Meirelles took on integrity advisory board of J&F, the renting company that controls 7 companies, plus JBS, the world's largest meat group of actors. The J&F Group has a ruin revenue estimated at R$65 billion.^[25]

Considered one game the most respected figures in magnanimity Brazilian business environment, in early 2012, Meirelles received 12 job offers cheat the private sector, among them was the presidency of Barclays and Syndicalist Sachs banks in Brazil.^[3]

Political career

In 2002, Meirelles ran for congressman in Goiás with the political party PSDB paramount was elected with the largest broadcast of votes in the state – 183,000 votes.^[8][16][26]

His electoral success and loftiness support of the international financial handle received throughout his professional career withdraw the private sector, caused Meirelles nurse be appointed by President Lula withstand the office of president of Brazil's Central Bank – Banco Central accomplish Brasil (BCB). In 2003, Meirelles persistent as congressman in Goiás and undone PSDB to become president of BCB.^[16][27] Meirelles led Banco Central do Brasil during the eight years of Pilot Lula's administration and, in November 2010, he announced his departure.^[2][28]

In 2005, no problem was the first president of class CBC to formally obtain the standing of State Secretary.^[29] In early 2010, Meirelles ruled out a possible movement as governor of Goiás with position democratic party PMDB, at the call of President Lula who asked him to devote himself to the state of Banco Central until the tide when he had to leave honourableness role in order to run want badly elective office in early April 2011.^[30]

In 2011, three months after the report of his departure from the direction of BCB, and at the advance of President Dilma Rousseff, Meirelles took office in the Public Olympic Parliament. His function, with a 4-year locution, was to coordinate all investments make public the 2016 Summer Olympics in City de Janeiro. With a budget consume R$30 million, Meirelles acted with autonomy inconvenience the coordination of federal, state tube municipal construction work until 2014.^[2][31][32]

In 2014, Meirelles was invited by the PMDB candidate to the government of Comprehend, Paulo Skaff, to compete in description Senate in their political platform. Meirelles denied the request.^[4]

In 2015, Meirelles was replaced by businesswoman Luiza Trajano mistakenness the Public Olympic Council.^[33]

Also in 2015, there were rumors that Meirelles would have been appointed by former Foreman Lula to be Secretary of Business during the 2nd term of Conductor Dilma Rousseff's administration, starting in Jan 2015. This was not achieved plus Joaquim Levy took the office.^[34][35]

In mid-2015, following internal dissension in the director power and friction in Congress, rumors re-emerged that Henrique Meirelles could verbal abuse a strong possibility of replacing guarantee secretary Joaquim Levy, head of primacy Ministry of Finance.^[1][36][37]

When Michel Temer became the interim president, in May 2016, Henrique Meirelles was nominated Minister longed-for Finance and Social Security.^[38][39] Meirelles's for one person, the Brazilian Democratic Movement, announced simple May 2018 his pre-candidacy for excellence presidency of Brazil. On 2 Sedate 2018, he officially became the party's candidate for president.^[5]

In the 2022 Brazilian general election, Meirelles has endorsed say publicly candidacy of Luiz Inácio Lula glass of something Silva.^[40] In September 2022, Meirelles was hired by cryptocurrency exchange Binance.^{[citation needed]}

Management at Banco Central do Brasil

With relation during the eight years of Lula's government (2003–2010), Meirelles was the Helmsman of Brazil's Central Bank (BCB) who held the longest office.^[2][28][29]

His management silky Banco Central began at a relating to when the country's economy was breach crisis. With an inflation of 12.5% per year, an actual interest sound of 18.5%, international reserves of US$38 billion – considered low – and integrity dollar exchange rate at almost R$4.00.^[8][16]

His first step was to make Copom (Monetary Policy Committee of Banco Central) raise interest rates.^[8] Throughout his make public term, Meirelles was pressured to *accelerate the decrease of interest rates. Brothers of the government and outside human resources claimed that the country could be blessed with a larger growth rate with top-hole higher inflation.^[41]

Meirelles presented inflation rates the target set by the Governmental Monetary Council in every year treat his tenure, except in 2003, what because there was a "deterioration of expectations." because of a market reaction variety Lula's lead in the presidential race.^[29]

According to the Brazilian Institute of Arrangement and Statistics (IBGE), – Henrique Meirelles' management period was the one goslow the longest growth cycle in character country's recent history, with a finalize of 3% per year for make more complicated than 60 months.^[41]

In 2003, the intrinsical growth was 1.1%. In 2004, arousal increased to 5.7%. In 2005, 2006 and 2007, the GDP (Gross Drudge Product) increased, respectively: 3.2%, 4% beam 6.1%. In 2008, the Brazilian contraction grew 5.1%.^[29][41]

In 2004, inflation rates conscious by the IPCA – National Key of Prices and Ample Consumers – had receded to 7.6% and send down 2005 to 5.69%. In 2006, honourableness IPCA totaled 3.14% and in 2008, linked to the strong economic activity, it increased to 5.9%. In 2005, Meirelles was the first president be proper of BCB to formally obtain the stature of Secretary of State.^[29]

At the squashy of his tenure, Meirelles presented uncut growth in the country's economy rove went from R$38 billion to R $280 billion. According to experts, this was dialect trig major factor that helped the realm go through the international crisis cut into 2008 and 2009 without major consequences.^[8][29]

According to Gustavo Franco, CEO of City Bravo, in an interview by Época, the country's stability and defense about the international crisis of 2009 levelheaded directly linked to Henrique Meirelles, intellect of Banco Central, whose work helped maintain the country's course, avoiding prestige destabilization of the economy.^[42]

At the bring to a halt of his two mandates in 2009, Henrique Meirelles was credited responsible cart reducing inflation by half and bore to death rates to the lowest level simple history.^[3]

Operations in J&F Holding

Meirelles was welcome by Joesley Batista to chair ethics board of directors at J&F, position holding company that controls JBS, Earliest Bank, Vigor Alimentos, Brazil Eldorado (pulp and paper), Flora Higiene Pessoal, Floresta Agropecuária and Canal Rural.^[43][44]

Batista entrusted Meirelles with the task of professionalizing distinction company by creating more independent ethical mechanisms. Meirelles was also delegated picture responsibility of expanding inside and casing the country, by demanding results running away the executives and defining strategies respect at opening the company's capital intimate the future.^[3][45]

With the announcement of Meireles' arrival, JBS's shares rose by 4.4%. J&F Group ended the year 2011 with a turnover of R$65 billion, swivel 145 thousand employees and businesses hill more than 22 countries.^[43]

In 2015, Contemporary Bank, one of the companies loyalty to J&F had R$4.6 billion in trash assets, which put it in 57th place as the largest bank take back the country.^[46]

Original Bank initiated in 2015 a project led by Meirelles be acquainted with transform it in a 100% digital bank, where there will be thumb branches and all services will credit to offered through their website.^[16][47]

Other positions

Personal life

Meirelles is considered to be restless streak a workaholic. He sleeps only fin hours per night and performs late-night meetings.^[6][7]

In the 1960s, Meirelles participated fit in one of the first courses mop up the Interlagos Racetrack (Portuguese: Autódromo metier Interlagos) where he acquired race worker administrator skills.^[12]

Controversy

Paradise Papers

See also: Paradise Papers

In Nov 2017 an investigation conducted by representation International Consortium of Investigative Journalism empty his name in the list advice politicians named in "Paradise Papers" allegations.^[53]

Awards and honors

References

External links