By Brazil Stock Guide – Marcelo Noronha, chief executive officer of Banco Bradesco SA (BBDC4.SA), was elected president of the Council of Representatives of Brazil’s National Confederation of Financial Institutions (FIN), with a mandate running from April 1, 2026, to March 31, 2029. He replaces Mario Leão, CEO of Banco Santander Brasil SA (SANB11.SA), who completes a three-year term leading the organization.
The decision was made during a meeting of FIN’s Council of Representatives. The confederation brings together key financial and capital markets associations in Brazil, including Febraban, Anbima and Abecip, and plays a central role in coordinating industry interests and dialogue with policymakers.
Leão said he leaves the role satisfied with the progress achieved during his tenure, while acknowledging ongoing challenges. “Together with our executive team, we worked to ensure a more modern confederation, better connected both to the entities we represent and to the government bodies we interact with,” he said. “FIN is now a more robust and dynamic institution, playing a central role in the objectives of the financial sector and acting as a clear driver of the country’s development.”
Noronha signaled continuity in leadership while emphasizing broader coordination across the sector. “The interests we represent are broad and composed of multiple dimensions that complement each other,” he said. “Our goal will be to continue Mario’s management, alongside other colleagues, and further integrate member entities in strengthening the national financial system and capital markets.”
He added that FIN will seek closer engagement with society and maintain alignment with stakeholders, including Brazil’s executive, legislative and judicial branches. “We will support the development of the Brazilian economy, as our mission is to contribute to growth, innovation and inclusion,” Noronha said.