About

Antonio Pedro da Silva Machado has served as legal director of Banco do Brasil since 2012, having first joined the state-owned bank in 2005. Having completed a postgraduate degree in Economic Law and Business, with a specialisation in public law and civil litigation, has given Machado the necessary foundations to approach his legal advice in the most commercial manner possible. This has proven to be essential during his time with Banco do Brasil, the largest Brazilian and Latin American bank by assets. As Banco do Brasil is majority owned by the Brazilian government, it makes the bank’s operations even more complex than some of its competitors. Machado oversees the legal work associated with both consumer banking services (such as savings, investments, debit cards, credit cards and loans), as well as commercial and government services. Banco do Brasil has a monopoly on a number of government funding programs, and also acts as the bank for most state governments in the country. A recent government announcement to fund a variety of infrastructure projects, will see approximately R$30bn (US$9.3bn) put towards motorways, railways, ports, airports, and mining, petrol, gas and electric energy facilities. Banco do Brasil, along with public banks and the FGTS (Unemployment Guarantee Fund) will subsidise the financing. Machado’s knowledge of the bank’s unique operations and his ability to see the commercial importance of legal advice, has both proven essential for over a decade.