Joaquim Levy
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Joaquim Levy | |
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9th Secretary of the National Treasury of Brazil | |
In office January, 2003 – March, 2006 | |
Preceded by | Eduardo Refinetti Guardia |
Succeeded by | Carlos Kawall Leal Ferreira |
Ministry of Finance | |
Assumed office January, 2015 | |
Preceded by | Guido Mantega |
Personal details | |
Born | Rio de Janeiro, Brazil | February 17, 1961
Alma mater | University of Chicago Federal University of Rio de Janeiro |
Profession | Economist and Engineer |
Joaquim Vieira Ferreira Levy (born February 17, 1961) is a Brazilian economist who was appointed by Brazil's president Dilma Rousseff as the country's Finance Minister.[1]. Mr. Levy took office on January 1st, 2015, during the presidential inauguration of Dilma Rousseff's second term[2].
Prior to the appointment, Mr Levy was the President of Bradesco Asset Management, a division of Bradesco, Brazil's second largest private bank.[3]
Life and Education
Born in Rio de Janeiro, Brazil, Levy holds a PhD in economics from the University of Chicago (1992), a Master's in economics from FGV (1987) and is graduated in Naval Architecture and Marine Engineering at the Federal University of Rio de Janeiro.[4]
Career
He was a Professor of Economics at FGV in the 1990s, before joining the IMF, where he worked from 1992 to 1999. At the IMF Mr Levy held several positions in the Western Hemisphere Department (1992), Europe I Department (1993-1997), Capital Markets, and Research (1997-1998). Mr Levy was also Vice-President at the Inter-American Development Bank and Finance Secretary of the State of Rio de Janeiro, during the first administration of the Governor Sérgio Cabral Filho.[5]
Between 1999 and 2000, he was a visiting economist at the European Central Bank, having worked in the division of Capital Markets and Monetary Strategy. In 2000 he was appointed Deputy Secretary of Economic Policy at Brazil’s Ministry of Finance, and in 2001 became Chief Economist at Brazil’s Ministry of Planning, Budget, and Management.
In January 2003, he was appointed Treasury Secretary by president Luís Inácio Lula da Silva, a position held until 2006. The Chicago-trained economist and former Brazil's Treasury Chief is regarded as an experienced orthodox professional and proven fiscal hawk, who helped Brazil obtain its investment grade rating by checking spending and overhauling its debt structure.[6]
From 2010 to November 2014, Mr Levy was the President of Bradesco Asset Management, an asset arm of the Brazilian giant financial conglomerate Bradesco, with more than US$130 billion under management.[7] Mr Levy left Bradesco after the invitation from Dilma Rousseff to assume the Ministry of Finance.
Brazil's Finance Minister
On Nov, 27th, president Dilma Rousseff named Mr Levy as the country's Finance Minister for her second term, replacing current Guido Mantega, who assumed office in March 2006.[8]
References
- ^ "New Brazilian finance minister". FT.com. Retrieved 29 November 2014.
- ^ "Ministers Take Office in a Ceremony in Brasilia". Portal Brasil (in Portuguese). Brasilia, Brazil. Imprensa Oficial. 2015-01-01. Retrieved 2015-02-01.
- ^ "Bradesco hires Levy as Director". Estadão Newspaper. Retrieved 21 November 2014.
- ^ "List of Treasury Secretaries of Brazil, in Portuguese". National Treasury website. Retrieved 21 November 2014.
- ^ "Levy's professional experience, in Portuguese". Bank Workers Union. Retrieved 21 November 2014.
- ^ "Banker to be named Brazil finance minister". Reuters. Retrieved 21 November 2014.
- ^ "Volume Managed". Bradesco Asset. Retrieved 21 November 2014.
- ^ "New Brazilian finance minister". FT.com. Retrieved 29 November 2014.