JPMorgan Chase & Co. named Jose de Menezes Berenguer Neto, once a contender to run Banco Santander SA’s Brazil unit, to succeed Claudio Berquo as head of its own business there, said two people with knowledge of the move.
Banco Santander Brasil SA , the worst- performing bank stock in the benchmark Bovespa index, is stepping up lending to small and mid-sized companies in a bid to improve interest margins and support its share price.
Brazilian banks are looking for new ways to share the burden of financing infrastructure projects with state development bank BNDES, said Fabio Barbosa , chief executive officer of Banco Santander Brasil SA.
BG Group Plc appointed Fabio Barbosa, the former finance chief at Brazilian miner Vale SA, as chief financial officer, less than two months after boosting estimates for its oil and gas resources in fields off Brazil.
BG Group Plc, the U.K.’s third- largest natural-gas producer, plans to sell $5 billion of assets in the next two years to maintain investment and production growth, and meet stronger demand for liquefied natural gas.