Armínio Fraga Neto (born 20 July 1957, in

Rio de Janeiro Rio de Janeiro, or simply Rio, is the capital of the Rio de Janeiro (state), state of Rio de Janeiro. It is the List of cities in Brazil by population, second-most-populous city in Brazil (after São Paulo) and the Largest cities in the America ...

) is a Brazilian economist who was president of the

Central Bank of Brazil The Central Bank of Brazil (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 Dece ...

from 1999 to 2003. From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Management in New York. Since 2001, he has been a member of the influential Washington-based financial advisory body, the

Group of Thirty The Group of Thirty, often abbreviated to G30, is an international body of financiers and academics which aims to deepen understanding of economic and financial issues and to examine consequences of decisions made in the public and private sec ...

Education

Fraga received his PhD in economics from Princeton University in 1985.

Career

In 2003, he founded the

based

investment company An investment company is a financial institution principally engaged in holding, managing and investing securities. These companies in the United States are regulated by the U.S. Securities and Exchange Commission and must be registered under th ...

, Gávea Investimentos. Fraga has been called the

Alan Greenspan Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He worked as a private adviser and provided consulting for firms through his company, Greenspan Associates L ...

of Latin America for his skillful handling of Brazilian

monetary policy Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rat ...

during his tenure as CBB president. Fraga worked for both

Fernando Henrique Cardoso Fernando Henrique Cardoso (; born 18 June 1931), also known by his initials FHC (), is a Brazilian sociologist, professor, and politician who served as the 34th president of Brazil from 1 January 1995 to 1 January 2003. He was the first Brazi ...

governments. In 2009, Fraga served on the High Level Commission on the Modernization of World Bank Group Governance, which – under the leadership of

Ernesto Zedillo Ernesto Zedillo Ponce de León (; born 27 December 1951) is a Mexican economist and politician. He was the 61st president of Mexico from 1994 to 2000, as the last of the uninterrupted 71-year line of Mexican presidents from the Institutional Re ...

– conducted an external review of the

World Bank Group The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group ...

's governance. In October 2010, Gávea Investimentos was acquired by

Highbridge Capital Management Highbridge Capital Management, LLC is a multi-strategy alternative investment management firm founded by Glenn Dubin and Henry Swieca in 1992. In 2004, it was purchased by JPMorgan Chase; as of 2019, it had about $3.9 billion in assets under m ...

, a subsidiary of J.P. Morgan Asset Management.

Other activities

Corporate boards

China Investment Corporation China Investment Corporation (CIC) is a sovereign wealth fund that manages part of China's foreign exchange reserves. China's largest sovereign fund, CIC was established in 2007 with about US$200 billion of assets under management. In Mar ...

, member of the international advisory council (since 2009)

Non-profit organizations

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank focused on Foreign policy of the United States, U.S. foreign policy and international relations. Founded in 1921, it is an independent and nonpartisan 501(c)(3) nonprofit organi ...

, member *

(G30), member * Columbia Global Center Rio de Janeiro, member of the advisory board (since 2013) *

Princeton University Princeton University is a private university, private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial ...

, member of the board of trustees (2018–2019)2018-2019 Board of Trustees

References

External links

Publications
at the

National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic co ...

* * 1957 births Living people Presidents of the Central Bank of Brazil Brazilian economists Group of Thirty Pontifical Catholic University of Rio de Janeiro alumni {{Brazil-economist-stub