Brazil will have a "financial cabinet" with more power, according to the transition team.
Brazil's next president will try to use his strong political capital to convince lawmakers to move on the pension reform front before the end of the year.
The bank is hiring more brokers in a drive to ramp up insurance activities.
The country's pension regulator and the trade group representing the private pension fund managers came out to reassure the public that their pension savings would not be negatively impacted by the likely cancelation of the project to build a new international airport in Mexico City.
While hailing the proposed reform as a step in the right direction, the country's private pension fund managers (AFPs) wanted to see more aggressive change in some key reform areas.