BNDES Privatization Director Takes Office Today

Wednesday, January 27, 1999

The new privatization director at Brazil's national development bank (BNDES), Jose Luiz Osorio de Almeida Filho, takes office today. The 47-year-old from Rio de Janeiro leaves the presidency of Lehman Brothers Bank in Brazil to join BNDES, replacing outgoing director Fernando Perrone, who had held the position as interim-director since the end of November last year. Brazil's president, Fernando Henrique Cardoso, personally appointed Almeida Filho to the job.

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