Arminio Fraga

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Arminio Fraga Neto
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 of Brazil
In office
4 March 1999 – 1 January 2003
Appointed by Fernando Henrique Cardoso
Preceded by Gustavo Franco
Succeeded by Henrique Meirelles
Personal details
Born (1957-07-20) 20 July 1957 (age 60)
Rio de Janeiro, Brazil
Alma mater Pontifical Catholic University of Rio de Janeiro
Princeton University

Arminio Fraga (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.

He 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[who?] the Alan Greenspan of Latin America for his skillful handling of Brazilian monetary policy during his tenure as CBB president.

Fraga worked for both Fernando Henrique Cardoso governments.

In 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation.[1]

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


  1. ^ "Archived copy". Archived from the original on 2010-03-23. Retrieved 2010-04-16. 

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