Joaquim Levy

Former Head, Brazilian State Development Bank (BNDES)
Joaquim Levy

Joaquim Levy is former head the Brazilian state development bank, BNDES.

As Managing Director and World Bank Group Chief Financial Officer, he was responsible for the financial and risk management strategies of the World Bank Group and for the institutions that make up the Group. This included the development of new, innovative financial products and services, oversight of the financial reporting, risk management, and mobilization of financial resources in alignment with the Group’s strategy.

Levy contributed to the international dialogue on financial standards and best practices, primarily through his representation of the Group at the Financial Stability Board. Levy joined the World Bank Group in February 2016. Previously, he served as the Minister of Finance for the Federal Republic of Brazil, working with the president and government in reforming the world’s fifth largest economy.

From 2010 to 2014, Levy was CEO of Bradesco Asset Management S.A. Distribuidora de Títulos e Valores Mobiliários, division of Banco Bradesco S.A., Brazil’s second-largest private bank group, handling a portfolio of more than $130 billion.

In 2007, Levy was appointed as the Secretary of Finance of the state of Rio de Janeiro, leading the state to receive an investment-grade credit rating from Standard & Poor’s in early 2010.

From 2006, Levy was the Executive Vice President of Finance and Administration at the Inter-American Development Bank. In 2003, he was appointed as the Secretary of Brazil’s National Treasury. In 2001, he was appointed as the Chief Economist at the Brazilian Ministry of Planning, Budget & Management. He became the Deputy Secretary of Economic Policy at the Brazilian Finance Ministry in 2000.

Levy served as Board Member of Banco Nacional de Desenvolvimento Economico e Social.

Prior to Levy’s position as Visiting Economist at the European Central Bank from 1999 to 2000, he held several positions within the International Monetary Fund from 1992.

Mr. Levy holds a doctorate in economics from the University of Chicago (1992); a master’s in economics from Getúlio Vargas Foundation (1987) and graduated in Naval Architecture and Marine Engineering from the Federal University of Rio de Janeiro.