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Bovespa is pleased to announce that economist Carlos Kawall Leal Ferreira has just been elected to head the fixed-income trading office, which was recently established to operate the fixed-income markets of Bovespa. By establishing its fixed-income trading office, Bovespa aims to strengthen and expand its markets for the trading of fixed income securities of corporate issuers, which include bonds, real estate backed securities, or CRIs, and quotes of receivable investment funds, or FIDCs, and other debt securities of private issuers traded on the Bovespa Fix and on the Soma Fix fully integrated trading platforms.
Mr. Kawall is a former secretary of the Brazilian Treasury (April through December 2006), as well as chief financial officer and chief executive for capital markets of the Brazilian Development Bank, or BNDES (2005 through March 2006). Previously, for eight years, he was the chief economist of the Citigroup in Brazil, where he was responsible for macroeconomic analyses related to Brazil.
Mr. Kawall holds a degree in Economics from the School of Economics and Business Administration of the University of São Paulo (USP), a master’s and a PhD degree in economics from the Institute of Economics of the University of Campinas (Unicamp). He is also a full professor of economics at the Pontifical Catholic University of São Paulo (Pontifícia Universidade Católica de São Paulo), or PUC, currently on an extended sabbatical leave. Previously in his career, Mr. Kawall also worked in the finance and investments areas for Banco Banespa (later acquired by HSBC), for Companhia Energética de São Paulo – CESP, and for Eletropaulo (currently AES Eletropaulo), the latter two being electricity generation and distribution utilities operating in the state of São Paulo, Brazil.
