Arminio Fraga

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Armínio Fraga
Arminio Fraga Neto, World Economic Forum on Latin America 2009 cropped.jpg
Fraga at the World Economic Forum on Latin America in 2009.
President of the Central Bank
In office
4 March 1999 – 1 January 2003
PresidentFernando Henrique Cardoso
Preceded byGustavo Franco
Succeeded byHenrique Meirelles
Personal details
Born (1957-07-20) 20 July 1957 (age 61)
Rio de Janeiro, Brazil
Alma materPontifical Catholic University of Rio de Janeiro
Princeton University

Armínio Fraga Neto (born 20 July 1957, in Rio de Janeiro) is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2002. He is also a former associate of George Soros and his Quantum Fund. Since 2001 he has been a member of the influential Washington-based financial advisory body, the Group of Thirty.


Fraga received his PhD in economics from Princeton University in 1985.


In 2003, he founded the Rio de Janeiro based investment company, Gávea Investimentos.

Fraga has been called the Alan Greenspan of Latin America for his skillful handling of Brazilian monetary policy during his tenure as CBB president. [1]

Fraga worked for both Fernando Henrique Cardoso governments.

In 2009, Fraga served on the High Level Commission on the Modernization of World Bank Group Governance, which – under the leadership of Ernesto Zedillo – conducted an external review of the World Bank Group's governance.[2]

In October 2010, Gávea Investimentos was acquired by Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management.

Other activities[edit]

Corporate boards[edit]

Non-profit organizations[edit]


  1. ^ "Arminio Fraga: The Intellect Behind Brazil's Gávea Investimentos". Institutional Investor. 27 August 2009.
  2. ^ "Outside Review Supports World Bank Group Reform". 21 October 2009. Retrieved 27 January 2018.
  3. ^ "Archived copy". Archived from the original on 2010-03-23. Retrieved 2010-04-16.CS1 maint: Archived copy as title (link)
  4. ^ Armínio Fraga Group of Thirty (G30)
  5. ^ Advisory Board - Rio de Janeiro Columbia Global Center Rio de Janeiro.
  6. ^ 2018-2019 Board of Trustees Princeton University.

External links[edit]