Arminio Fraga

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 2003.^[1] From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Management in New York. Since 2001, he has been a member of the influential Washington-based financial advisory body, the Group of Thirty.^[2]

Armínio Fraga
Fraga at the World Economic Forum on Latin America in 2009.
President of the Central Bank
In office 4 March 1999 – 1 January 2003
President	Fernando Henrique Cardoso
Preceded by	Gustavo Franco
Succeeded by	Henrique Meirelles
Personal details
Born	(1957-07-20) 20 July 1957 (age 67) Rio de Janeiro, Brazil
Alma mater	Pontifical Catholic University of Rio de Janeiro Princeton University

Education

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

Career

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.^[3]

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.^[4]

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

Other activities

Corporate boards

• China Investment Corporation, member of the international advisory council (since 2009)^[5]

Non-profit organizations

• Council on Foreign Relations, member
• Group of Thirty (G30), member^[6]
• Columbia Global Center Rio de Janeiro, member of the advisory board (since 2013)^[7]
• Princeton University, member of the board of trustees (2018–2019)^[8]

References

1. Galeria de ex-presidentes do Banco Central do Brasil, BCB, Accessed 18 November 2018
2. "Group of 30 :: Current Member Biography". group30.org. Retrieved 2020-12-02.
3. "Arminio Fraga: The Intellect Behind Brazil's Gávea Investimentos". Institutional Investor. 27 August 2009.
4. "Outside Review Supports World Bank Group Reform". Web.worldbank.org. 21 October 2009. Retrieved 27 January 2018.
5. "China Investment Corporation". Archived from the original on 2010-03-23. Retrieved 2010-04-16.
6. Armínio Fraga Group of Thirty (G30)
7. Advisory Board - Rio de Janeiro Columbia Global Center Rio de Janeiro.
8. 2018-2019 Board of Trustees Princeton University.

External links

• Publications at the National Bureau of Economic Research
• Arminio Fraga on Charlie Rose
• Arminio Fraga collected news and commentary at The New York Times

Government offices
Preceded by Gustavo Franco	President of the Central Bank of Brazil 1999–2003	Succeeded by Henrique Meirelles