Brazilian President-elect Jair Bolsonaro on Thursday named banker Roberto Campos Neto as future President of the nation’s Central Bank. He will replace Ilan Goldfajn, who declined an invitation to remain in the post. Campos, 49, is grandson to legendary Brazilian economist Roberto Campos, one of the architects of the Brazilian Economic Miracle of the late 1960s and early 1970s. Roberto Campos Neto holds economics degrees from the University of California. He has had a long career in banking and is currently serving as a director of the Brazilian unit of Spain’s Banco Santander. Bolsonaro has pledged to present legislation that would make the Central Bank more independent by granting its directors terms of office. Currently, they serve at the pleasure of Brazil’s President.
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