BNDES Privatization Director Takes Office Today

- Wednesday, January 27, 1999

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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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