The Fiscal Council is a corporate body, independent from the management and external auditors. Its responsibility is to monitor management activities, review the Bank’s financial statements and report its conclusions to the shareholders.

The Bank’s Fiscal Council is non-permanent, installed at 2020 Ordinary General Meeting and will operate until 2021 Ordinary General Meeting. It is currently composed of three effective members and three alternate members, of which one effective member and one alternate member were nominated by preferred shareholders.

Name Position Election Date
Roberto Faldini Sitting Member May 15, 2020
Fernando Marques Cleto Duarte Alternate Member May 15, 2020
Fernando Antônio Fraga Ferreira Sitting Member May 15, 2020
Mirtes Kinuko Yamamoto Alternate Member May 15, 2020
Flávio de Sousa Franco Sitting Member (PN) May 15, 2020
Paulo Henrique Santana Barbosa Alternate Member (PN) May 15, 2020

PN: nominated by preferred shareholders.


Roberto Faldini: Mr. Roberto is graduated in Business Administration from EAESP – FGV, specialiazing in many institutions, such as Advanced Management from Fundação Dom Cabral and INSEAD – Fontainebleau, in Entrepreneurship by Babson College, and in Corporate Governance by Corporate Governance Board Leadership. In 2013, he also became Board of Directors Member certified by IBGC. He was also a co-founder of the Brazilian Institute of Corporate Governance (IBGC). He was an independent member of BMG Board of Directors between 2013 and 2019. He currently serves as a Market Arbitration Chamber Arbitrator at B3, and is a member of the Board of Directors and advisory board of several companies.

Fernando Marques Cleto Duarte: Mr. Fernando holds Economy degree from Universidade Presbiteriana Mackenzie and Law degree from Universidade de São Paulo (USP). He served as a member of the fiscal council of Alpargatas S.A., as a consultant on the fiscal and corporate control board of Itaú Unibanco S.A. and, for two consecutive mandates, as a counselor appointed by the Confederação Nacional das Instituições Financeiras/Febraban on the Conselho Administrativo de Recursos Fiscais (CARF). He currently advises on tax, corporate and regulatory matters and is an MBA professor.

Fernando Antônio Fraga Ferreira: Mr. holds a Law degree from the Pontifícia Universidade Católica de Minas Gerais (PUC-MG), and a doctoral student in Legal and Social Sciences from UMSA/Argentina. He currently serves as a founding partner and executive director of Ferreira e Chagas Advogados, and has extensive experience as a member of the board of directors of companies.

Mirtes Kinuko Yamamoto: Ms. Mirtes has a degree in Public Administration from Fundação Getúlio Vargas (FGV) and in Law from Universidade de São Paulo (USP), holds a MBA in Controllership from USP and MBA in Contemporary Management from FGV. He worked from 1993 to 2019 at the Central Bank of Brazil, managing supervision teams for medium and small, private, national and foreign banks, in many segments of operation, as well as supervision teams for financial and consortium administrators.

Flávio de Sousa Franco: Mr. Flávio holds a degree in Civil Engineering. He was managing partner of several companies, such as Distribuidora de Bebidas Leão do Bonfim (AMBEV) and FJR Seguros Ltda. Mr. Flávio currently holds the position of managing partner at Sousa Franco Assessoria Empresarial.

Paulo Henrique Santana Barbosa: Mr. Paulo holds a Law degree from Universidade São Judas Tadeu and an Accounting degree from Universidade Católica de São Paulo (PUC-SP). He also has an executive MBA in Finance from the New York Institute of Finance/Saint Paul Business School. He developed his career in large corporations such as PricewaterhouseCoopers and Martin-Brower and is currently a partner at RVC Consultoria e Assessoria Empresarial.