Santiago Stands Out Among Brazilian Entrepreneurs Read more

Santiago Stands Out Among Brazilian Entrepreneurs

When it comes to listing the top Brazilian businessmen within the country today, invariably Roberto Santiago’s name is bound to come up.

The founder and owner of the largest shopping mall in Joao Pessoa. The city of nearly a million is the capital of the Brazilian state Paraiba. The eastern-most state in the vast country of Brazil, Joao Pessoa is regarded as a the most eastern city within the country and is known for its vast nearby greenery.

However, this was the area where Roberto Santiago first made a name for himself as a well-regarded entrepreneur. Born in 1958, Santiago gradually built up his business reputation through hard work and opportunity. He attended Pio-X Marist College and then the University Center of Joao Pessoa, majoring in business administration.

Eventually, he was ready to move on to the business world, starting his own cartonnage company which created decorative products. That enabled him to receive practical experience in the business world. He would channel what the lessons he learned into what became his biggest achievement in developing one of the crown jewels of his hometown of Joao Pessoa, the Roberto Santiago Manaira Shopping Mall.

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The mall first opened back in 1989, but has steadily grown through a series of renovations since then. Located within the downtown area of Joao Pessoa, the Manaira Shopping Mall serves as both a retail and entertainment hub for much of the city. There is a movie theatre with 11 screens as well as the 8,000-seat Domus Hall which draws in events and cultural festivals. There is also a bowling alley and a food court located within the mall. An amusement park is also part of the entertainment scene there.

However, the mall also caters to a more upscale clientele as there are good restaurants and bars located within its walls. Well-known restaurants such as Capital Steakhouse and Espaco Gourmet reside there. Additionally, there is a college, banks, and a fitness center located within the mall.

Yet, Roberto Santiago Manaira Shopping is known foremost for its shopping. It has hundreds of shops in a variety of services ranging from jewelry to clothing to sports gear. There has been a few updates to the mall and it seems that, under Santiago’s leadership, the mall is ever expanding.

Santiago has a passion for motorsports, especially at the kart and motocross level and also serves as a business advisor for younger entrepreneurs in Brazil. Read more on Exame

Santiago still made his mark in the business world with his mall in Joao Pessoa standing as his finest achievement. However, he continues to manage it in hopes of it expanding to become one of the premier entertainment and shopping centers in all of Brazil.

The Increase In Birth Defects In Brazil Have Been Linked To The Zika Virus But New Information Challenges That Claim According To Dr. Sergio Cortes. Read more

The Increase In Birth Defects In Brazil Have Been Linked To The Zika Virus But New Information Challenges That Claim According To Dr. Sergio Cortes.

When several cases of microcephaly were reported in the same areas that Zika virus was spreading, the Ministry of Health director Sergio Cortes and his staff came to the conclusion that both of those issues were related. Most of the Zika virus cases were reported in the Northern areas of Brazil in April and May, and by August there were enough reported cases of microcephaly in the North to make a case for the relationship that exists between the Zika virus and birth defects.

The Zika virus has been moving around the world for more than 75 years. The first cases of the Zika virus in Brazil didn’t come to light until April 2015. Very little was known about the virus except that is causes fever, muscle aches and rash in most people, and the carrier of the virus was the invasive pest known as the Aedes aegypti mosquito. There weren’t any significant studies done on the virus and no vaccine was made to protect populations in Africa, Asia and South America from the virus.

But during his research on the Zika virus, Sergio Cortes discovered an interesting fact. Doctors in the Northern towns of Brazil where the microcephaly cases were reported are the same towns that were crop-sprayed with a chemical larvicide that produces a genetic malfunction in mosquitoes. The crop-spraying started in 2014. The chemical larvicide, also known as Pyriproxyfen, is the solution used to eradicate disease-carrying mosquitoes. Dr. Cortes has more information about microcephaly and the Zika virus on his website. The relationship between Pyriproxyfen and microcephaly does make sense since microcephaly is a rare condition. There have been few cases of microcephaly in countries that have reported cases of the Zika virus for years.

Another interesting fact associated with the Zika virus is out of 404 confirmed microcephaly cases in Brazil, only 17 women tested positive for the virus. That means that Dr. Cortes and his staff at the Ministry of Health are getting closer to identifying the cause of the microcephaly outbreak.

Nonetheless, whatever the cause, Dr. Cortes recommends that pregnant women take extra precautions and avoid mosquito breeding grounds. The problem is, most pools of water can be breeding grounds for rhe Aedes aegypti mosquito. Dr. Cortes has more information about the Aedes aegypti mosquito and the Zika virus on his LinkedIn page. Visit the doctor’s Facebook page to friend him. Or follow him on Twitter.

Marcio Alaor Is A Bank Director That Takes Care Of Soccer Fans Read more

Marcio Alaor Is A Bank Director That Takes Care Of Soccer Fans

Banking in Brazil is not like banking in the United States. The rules and regulations in Brazil are weighed heavily toward banks, so many Brazilians never get bank loans. They save cash and pay as they go. If they want a home, they pay for it in cash a little at a time. It’s an archaic method, and the Brazilian government made some changes in banking laws in 2008 to get people to apply for more loans. Marcio Alaor, the director of the BMG Bank, believes those new regulations helped some people, but no everyone thought banks would give them a fair deal.

Marico Alaor built his reputation on fair deals. He grew up in a small city in the state of Minas Gerais, so he experienced poverty first-hand. In order to help his family, Marcio shined shoes as a boy. Of course, when he was not shining shoes, he was playing soccer in the dirt fields near his modest family house. Alaor got the chance to go to school, and he studied hard. He wanted a career in banking, and he knew exactly what bank he wanted to work for.

Alaor grew up watching the Land Credit Bank of Minas Gerais grow. He watch his friend’s family, the Guimarães family, change the Land Credit Bank into the Bank of Minas Gerais, and he wanted to be a part of that growth. His friend, Ricardo Guimarães, had the same dream as he did so it was only natural that Marcio would go to work for the BMG Bank after graduation.

Mr. Alaor learned the ins and outs of banking by working for the Guimarães family. When Ricardo became president of the bank in 1998, he wanted to put a team together that he could trust, and he knew Marcio had to be part of that team. Ricardo named Marcio Vice-President, and Director of the BMG Bank, and it was game on for the boyhood friends that were now part of the immense banking structure in Brazil.

Ricardo Guimarães depended on Alaor when the decision was made to sponsor the Minas Gerais soccer club. The executive team at the bank decided to sponsor the club and in return, players would wear the orange BMG logo on game days. The idea was to promote payroll loans using soccer players, and the plan worked. After the first couple of matches, BMG Bank’s payroll loan applications substantially increased. Alaor and his team would sponsor seven more soccer clubs over a five-year period, and that decision put BMG Bank in the spotlight.

BMG Bank was no longer a one state bank. Marcio Alaor and the BMG team turned the bank into a major competitor in the consignment credit business.

BMG Bank President Ricardo Guimarães Thinks Brazilian Entrepreneurs Can Help The Economy Recover Read more

BMG Bank President Ricardo Guimarães Thinks Brazilian Entrepreneurs Can Help The Economy Recover

Brazil has the largest economy in Latin America, and the country has more beautiful beaches than any other country in South America. The people of Brazil are a fun-loving group that enjoy football, a good laugh and lots of beer, according to an article published by But some of laughter is gone these days thanks to a recession that is turning the country into a shadow of its former self. Brazil’s economy has been shrinking for the last two years, and the government hasn’t been able to stop the contraction.

Two credit rating agencies have downgraded Brazil’s debt to “junk” status, and the president of Brazil, Dilma Rousseff says the only way to pull out of this economic nightmare is to cut spending and raises taxes. But BMG Bank President Ricardo Guimarães disagrees with Rousseff, and he is not the only private citizen that does. Most Brazilian want to see Rousseff impeached, but that could take years because of the way the Brazilian parliament operates

Ricardo Guimarães recently told that he thinks Brazilian entrepreneurs can help pull the country out of a recession. Mr. Guimarães told that there are four types of entrepreneurs in Brazil and they all possess creativity, vision, and dreams but only a few of them have the proactive attitude to help the country beat the recession. Ricardo believes the country will begin to rebound from the recession in 2016 because of the entrepreneurs that will help kick start the economy by developing innovative products that can be exported.

Brazil has unlimited natural resources, and there is a technology boom is happening in Brazil, and that will pay off, according to Guimarães. But Ricardo also thinks Brazilian entrepreneurs step up and become more proactive in government as well as in business.

Guimarães is a well-known public figure in Brazil not only for his banking expertise and his social statements, but also for his participation in Brazilian soccer. BMG Bank sponsors seven football clubs and Ricardo was chairman of his home state club for five years. BMG Bank has a reputation for being the bank that has the best payroll loans rates in the country thanks to Ricardo’s advertising campaign that mixes football with payroll loans.

Mr. Guimarães has won numerous awards for his participation in the banking industry. But the award his is most proud of is the Belo Horizonte Diploma of Merit, according to Belo Horizonte is Ricardo’s hometown, and he has helped the city become one of the most forward thinking cities in Brazil.

Article as found on Agencia Estado



According to, in an interview with Estado de Minas, the BMG vice president confirmed that BMG has dropped discussions with the Bradesco and BTG banks. It has partnered with ITAU bank to create a new ITAU BMG bank that is set to open its doors to for business in the next three months. The announcement ends the continued speculation about the fate of BMG with the banks suggesting total purchase and control of the bank. The BMG vice president is optimistic the new deal is the best for BMG and its clients.
Giving the details of the partnership, Marcio told Estado de Minas the new bank will be funded with an R$ 1 billion capital contributed by both banks. The money will be shared at 30/70 ratio between the BMG and ITAU banks respectively. The BMG vice president explained the role of the new bank to focus mainly on the payroll credit industry. The partnership of Banco BMG and ITAU banks will open the private sector industry that is highly untapped.
Brazil is experiencing an economy crisis currently. Marcio acknowledged that the banks would turn to outsource the money due to its scarcity. The banks are working on the requirements that will ensure the 90 day period set by the bank is met. Among the logistics the banks are working on is avoiding international competition for the two banks in their operations.
The partnership gives BMG more space to continue its current operations. The ITAU bank, being the fifth largest in the country will also have more access to customers in the private sector. BMG targets to take advantage of the extensive distribution networks to maximum on the partnership. As the current agreement is, BMG will retain its customer database and independent in other operations.

Richardo Guimaries heads the Banco BMG bank as president. Marcio is the bank’s vice president and executive in the management of bank affairs. He is a highly experienced leader with strong management skills. Under the leadership of Marcio and Richardo the bank has become the largest sponsor of Brazilian soccer. Over 40 teams are currently sponsored by the bank overtaking the traditional sponsors like Adidas and Coca-Cola. Merci has received several honors for his excellent leadership. The recent is from his home city of San Antonio inaugurating a food court under his name.

The Excellent Performance Exhibited By BMG Bank Of Brazil Read more

The Excellent Performance Exhibited By BMG Bank Of Brazil

The financial world is diversified with various entities creating a niche for themselves in various lines of operation. Similarly, the BMG bank of Brazil has been a premier leader in the payroll loans activities whereby it has become a yardstick for such operations in the financial sector.

The payroll loans operations were facilitated by the joint venture between the bank and Itau Unibanco S.A. Consequently, this venture was geared towards dissemination and commercialization of payroll loans to various target groups in Brazil such as the pensioners and retirees of the Brazilian Social Security System.

Joint ventures comprise of sharing of shares or stock. Similarly, both Itau Unibanco S.A and BMG bank boast of 60% and 40% respectively in terms of voting and total capital stock. Subsequently, the bank was in a position to give priority to other products of the company that included BMG Empresas, funding for second-hand vehicles, and Payroll Credit Card.

The bank has enjoyed success in the industry due to its deep entrenched roots in the financial industry. Primarily because the bank has been in Brazilian financial sector since 1930, when the Pentagna Guimaraes family established it with the initial focus being consumer and wholesale financing. Its success is owed to the bank’s operational excellence, sales strength, ability to predict major market movements and adoption of efficient technology practices.

Credit decisions of the bank are enforced and effected by the credit committee. Consequently, through this credit policy, the bank has managed to boost its credit portfolio by dealing with key institutions and individuals. The members of this committee are intellectual, efficient and reliable in their operations or mandate.

In order for a corporate entity to succeed, it ought to have a well-qualified work force to perform its functions efficiently. Consistent with this fact, BMG has a specialized team of employees who value the strength of working in synergy teams. Teams are put up together through the bank’s structure for spotting talent and its meritocracy culture. Consequently, the employees are in a position to handle problems in their line of work efficiently through teamwork and ingenuity.

However, the success of the bank would not be possible without a strong governance team. It is operated through a Board of Directors or Executives whereby, Marcio Alaor is a member. Aiding in decision-making is part of his contribution to the board. Consequently, he has played a significant role in the bank’s payroll loans operations.

Away from cooperate matters he is a charitable individual. His philanthropic hand extends to helping in the development projects of his hometown, San Antonio. Due to this attribute, the local authorities and leaders acknowledged his effort by naming a town square after him.

Ricardo Guimaraes: Exploiting The Potential Of Consigned Credit Read more

Ricardo Guimaraes: Exploiting The Potential Of Consigned Credit

As the Brazil’s credit expansion began in 2003, many banks began expending their credit offerings to increase their share, and to increase their profits as well. As time passes, the banking world is becoming more complex and competitive than it used to be, due to the fact that people tend to invent new processes in order to bring about the customer satisfaction. So, the bank owners and experts have been doing everything possible to introduce innovative plans that would attract even more customers. One of the bank experts who has achieved in doing this is certainly Ricardo Guimaraes, after BMG’s introducing of consigned credit into this market.
Ricardo Guimaraes became the BMG’s president and owner 11 years ago, and since then he has made ever endeavor to move the bank to the next phase of success. But, his career began even earlier, when he began working with the BMG S.A. de C.V. in 1980, until becoming its Financial Executive Officer. Since then, he has been supervising the bank’s business and making all the necessary innovations.
As far as the introduction of consigned credit is concerned, Ricardo Guimaraes states that it is something that will certainly overturn the market in a positive way. Furthermore, as the investment still continues to grow, there are still 50% that are not exploited. So, in order to make more profits, the bank offered reliable payroll loans, so many banks are now competing in the consignment credit market. BMG has 18% of market share, and it is still searching for innovative profit streams, so no wonder it comes on top when it comes to consignment credit market.
So, the credit percentage has risen a lot when compared the previous years, and the bank’s credit market now has 6 million dollars that accounted for 20% of overall loans in the country. Then, the equity of BMG bank was about $325 million in 2004, until increasing to even $1.4 million in 2010, which is really impressive.
When it comes to credit markets in general, consigned credit markets represent the cheapest option, and BMK bank will continue to have the leading role here, with its 80% of shares in this market, and one of the biggest distribution channels of more than 50 000 agents.
To conclude, the consigned credit has provided BMG bank with the security that will help it make many loans, and Ricardo Guimaraes has even some plans to expand the division of consignment credit market.

Family Owned BMG Bank Is Riding Out The Recession Read more

Family Owned BMG Bank Is Riding Out The Recession

Family owned BMG Bank has a reputation for being fair, honest and helpful. BMG and the Guimarães family have been lending money to individuals and corporations since 1930. The Guimarães family have been exposed to a series of corrupt governments, recessions, inflation spikes and a currency that has been called the weakest in the world. But even though BMG has experienced those finicky financial and economic situations, the bank is as solid as any bank in the country.
The current CEO and President, Ricardo Guimarães has some work to do, and he knows it. Bankers around the country are nervous, and it won’t take much for them to start asking for help to offset some of the loans that will be in default. BMG has felt the recession in their vehicle financing department as well as in their consumer loan department, but the bank’s exposure is nothing like the exposure that state-owned banks have. BMG is solid, according to Mr. Guimarães, but that doesn’t mean BMG isn’t concerned about their outstanding payroll credit cards and car loans.
Some economists say Brazil will never be the same, but BMG’s Guimarães thinks that is an unfair statement. Brazil has a history of recovering from recessions, high inflation and inept governments. Brazil has the potential to rise above the issues. All it needs is the leadership. Leadership is one asset that has been lacking for years, and the country has suffered because of the blatant irresponsibility that seems systemic in Brazil.
Some BMG employees say if the Ricardo Guimarães family was in charge of the country, Brazil’s economy would be growing instead of shrinking. The banks would be lending money instead of tightening loan requirements. Inflation would be under control, and the unemployment rate would be below 5 percent again.
But Ricardo is happy doing what he does best, and that is running one of the most successful banks in Brazil. In the first quarter of 2015, BMG bank had a net profit of R$69 million. The bank’s total equity at the end of June was R$9,893 million. BMG bank continues to grow in spite of the issues that are plaguing the country. BMG employees continue to offer high-quality service to clients, and the employees of the bank are comfortable working in a consistent and relatively calm environment.
Overall, BMG is handling all the issues the way the bank does. That is with respect, appreciation and incomparable professionalism.

A Principal Guide To Why And How Investors Can Invest In Brazil Read more

A Principal Guide To Why And How Investors Can Invest In Brazil

Globalization has been a principal factor that has led to increase in investments and easing the flow of capital in Brazil. The country is now ahead of economic competition together with emerging economies such as China, India, and South Africa. As from 2014, foreign direct investment was at its high of US$ 62 billion, coming from the USA, the Netherlands, and Luxembourg. Currently, some huge investors have been anticipating purchasing assets on the cheap Brazilian market since the stock market went down 25% from its peak in 2011 as the Brazil currency, the real, moved to its lowest level against the U.S dollar back in 2005. Among such investors include John Tsui, the managing principal of Peninsula House. Tsui explains his interest in investing in Brazil at the moment due to the drop-off in asset prices.

Brazil received a trove of foreign direct investors in the 1960s to 1980s but lost its standing after eliminating communism. Regardless of the economic turmoil and the recent military dictatorship experienced, Brazil has managed to survive and flourish. Brazil’s economy is now large and has grown by precisely all standards to being the 7th largest economy in the world as per the GDP (Gross Domestic Product). Amidst 1960 and 2011, the GDP increased from $15 billion to over $2 trillion and has flourished in establishing and improving its macroeconomic stability, heightened foreign reserves and has managed to decrease its debts.

The country is popular for its vast natural resources from being one of the world’s largest producer and exporter of agricultural products such as coffee, fruit juices and sugar cane, the world’s biggest producer of iron ore to being the world’s leading producer of ethanol, producing up to 17.7 billion liters per year from its with 308 installed production plants. The country is also self-sufficient in oil, transforming from net importer to net exporter in 2005. From that and many more reasons, investors have started to realize that the football and upcoming Rio Carnival country is a compelling long-term investment destination too.

The irresistible reasons for investing in Brazil are uncountable, and the tricky bit of it is how to invest. Brazil has various options on how to invest such as from exchange-traded funds (ETFs), MB&F Bovespa stock exchange to investment banks.

Talking of investment banks, the Bridge Trust is among the investment banks to associate with. The company commenced its investment fund operations in May 2014, with an estimated R $ 900 million in funds. This was implemented under the management of Zeca Oliveira as the president who by earlier this year handled managing more than R $ 2.5 billion in assets. As per now, he has various reasons to celebrate the outcomes and current developments of the investment fund company.

Recently, Bridge Trust Administration Resources and Gradual Investimentos came into a partnership where Zeca Oliveira was bestowed with overseeing fund management and resource management. Amidst 1998 and 2013, Zeca Oliveira served as the chief executive of BNY Mellon in Brazil before leaving his country due to a matrix of the institution.