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For Brazilians, Banco BMG is the first thing that comes to mind when talking about loans. The financial institution became one of the largest loan providers in the country, and most of the business people in Brazil tend to borrow their finances from Banco BMG because of their low-interest rates and their reliability. The current president of Banco BMG is Ricardo Guimaraes and is he instrumental in transforming the company into one of the largest financial institutions in the country. He led the Banco BMG’s cooperation deal with Itau Unibanco, and since the agreement came into effect, the company managed to gain more customer and clients, and their value at the stock market continues to rise. Ricardo Guimaraes is one of the heirs of Flavio Pentagna Guimaraes, who is the founder of the Banco BMG. Ricardo Guimaraes specialized in expanding their company, and he led the various moves to shift the focus of Banco BMG mainly from providing loans to investing in different investments.
Born from a wealthy and capable family, Ricardo Guimaraes was already trained to become an executive when he was young. As he grew older, he decided to take up a degree in the university which would help him with their business. He had to study hard, and after graduating from the school, he started to assist in their family business. Ricardo Guimaraes held several positions inside the Banco BMG, and he got promoted over time because of his hard work and his numerous contributions to the company. When he was appointed to become the company’s president, Ricardo Guimaraes started to think about how the company can surge from their current status, and what he did was to observe other competitors and see how he can apply their business method for the advantage of Banco BMG.
Ricardo Guimaraes is also responsible for the restructuring process that has been implemented at Banco BMG. Several positions inside the company will be replaced and reshuffled, and Ricardo Guimaraes is not spared from being replaced from his position. However, Ricardo Guimaraes doesn’t mind being replaced, because for him, what is more, important is the changes in the company that would take it to a better place. After the reshuffling process within the Banco BMG, the financial institution became stronger, and they now have a stronger presence locally. Ricardo Guimaraes also had to oversee the company and manage it indirectly, because he already decided to work remotely.