Corporate Governance

We have an efficient structure to ensure synergy between our management and the interests of Fibra’s whole ecosystem

Corporate Governance

Our management is comprised of several committees, instituted by our internal policies, which helps us to maintain a robust environment of operational, regulatory and governance controls and provide agility and transparency among the different interests of our ecosystems and the management of the Bank

Executive

Officers

Board of

Directors

Committees

Our management is comprised of several committees, instituted by our internal policies, which helps us to maintain a robust environment of operational, regulatory and governance controls and provide agility and transparency among the different interests of our ecosystems and the management of the Bank

The Board of Directors establishes the general and strategic policies and is responsible for guiding businesses, directing, supervising, electing and managing the executive officers’ duties.

Benjamin Steinbruch | Chairman of the Board of Directors

Graduated in Business by the Escola de Administração de Empresas da Fundação Getúlio Vargas – SP and post-graduated in Marketing and Finance by the same institution.

He has been a member of the Board of Directors of Companhia Siderúrgica Nacional (CSN) since April 23, 1993 and has acted as President of the board since April 28, 1995. He is also the Chief Executive Officer of CSN since April 30, 2002. Since 2017, he has also been the President of the Board of Directors of São Paulo’s Jockey Club and a member of the Economic and Social Development Council since 2014

Arno Schwarz | Board Member

Arno joined Banco Fibra in 2013 and became a Chief Executive Officer in February 2016. He is graduated in Economy, Social Politics and Latin American Studies from Brandeis University in Waltham, MA.

He also has an Executive MBA in Finance by IBMEC SP/Insper and a Master’s Degree in Business Administration focused in Finance by the Columbia Business School of New York. Arno has been Certified board member by the Brazilian Institute of Corporate Governance (IBGC) since August 2021.

He is a member of the Board of Directors of Banco Fibra S.A., Transnordestina Logística S.A., FTL – Ferrovia Transnordestina Logística S.A., Elizabeth S.A. Indústria Têxtil, Textília S.A. and Vicunha Aços S.A. He is also the Chief Executive Officer of Taquari Asset Ltda and a board member of the Associação Brasileira de Bancos - ABBC (Brazilian Banking Association). In his career, he has worked in companies such as Bradesco BBI and Companhia Siderúrgica Nacional (CSN).

Elisabeth Steinbruch Schwarz | Board Member

Graduated in Production Engineering by Escola Politécnica da Universidade de São Paulo (USP).

Born in October 1954, she has been an executive officer and a member of the Board od Directors on several companies of the Vicunha Group. She is an executive officer for Elizabeth S/A Indústria Têxtil, Rio Purus Participações S.A. and of Taquari Participações Ltda. She is also a part of the Board of Directors of Fibra Companhia Securitizadora de Créditos Imobiliários (a company controlled by Banco Fibra)

Andréa Maria Meirelles de Menezes | Board Member

Graduated in Physics, she also has a Master’s Degree in Sciences, both by the Physics Institute of Universidade de São Paulo (USP).

She has a long experience as a board member and CEO in financial institutions such as Standard Bank London, Standard Bank Brasil, and Banco Merrill Lynch de Investimentos S/A. She is a board member of Banco Fibra since October 2019 and she is also the President of Sociedade Amigos da Barra do Sahy and the Advisory Council of Physical Catalyst Ltda.

The Executive Officers are responsible, among other things, for the daily management of the business and the implementation of our policies and directives.

Arno Schwarz | CEO

Arno joined Banco Fibra in 2013 and became a Chief Executive Officer in February 2016. He is graduated in Economy, Social Politics and Latin American Studies from Brandeis University in Waltham, MA. He also has an Executive MBA in Finance by IBMEC SP/Insper and a Master’s Degree in Business Administration focused in Finance by the Columbia Business School of New York. Arno has been Certified board member by the Brazilian Institute of Corporate Governance (IBGC) since August 2021.

He is a member of the Board of Directors of Banco Fibra S.A., Transnordestina Logística S.A., FTL – Ferrovia Transnordestina Logística S.A., Elizabeth S.A. Indústria Têxtil, Textília S.A. and Vicunha Aços S.A. He is also the Chief Executive Officer of Taquari Asset Ltda and a board member of the Associação Brasileira de Bancos - ABBC (Brazilian Banking Association). In his career, he has worked in companies such as Bradesco BBI and Companhia Siderúrgica Nacional (CSN).

Kumagae Hinki Jr. | Chief Risk Officer, Chief Operations Officer, head of Internal Controls and Information Security

Kumagae joined Banco Fibra in December 2013. He has an MBA from Massachusetts Institute of Technology, specialization in financial management by Fundação Getúlio Vargas (FGV), and is graduated in technology by FATEC/SP. With over 30 years of experience in risks, technology, and products, he worked on both national and Latin American markets. He also worked in companies such as Itaú Unibanco and Banco Francês e Brasileiro and has contributed as director on entities such as Febraban and ABBC.

Rafael Pavão de Assis | Head of Credit Risk

Rafael joined Banco Fibra in February 2006 and became an executive officer in December 2018. He graduated in Business Administration by Universidade Metodista de São Paulo and post-graduated in Business Management by FGV and in Agribusiness by Escola Superior de Agricultura Luiz de Queiroz – ESALQ/USP. He has over 15 years of experience in the Credit area and has worked in large and medium-sized banks such as Santander and Banespa

José Lourenço Cassandre Junior, CFA | Head of Treasury and Products

Lourenço joined Banco Fibra in 2015 and became an executive officer in December 2010. He is a CFA charter holder and graduated in Economy by FAAP, with an extension course in Finances by the University of Montana. He has over 15 years of experience in the financial market and has worked at Santander, Citi, Sadia, Fibria, and Banco Pine

Marcos Chadalakian | Head of Planning, Controlling and Supplies

Chadalakian joined Banco Fibra in January 2014 and became an executive officer in August 2015. He graduated in Economics and Accounting by PUC/SP and has an MBA from the Corporate University of BankBoston with an International module in the University of Toronto. With over 20 years of experience, he worked in banks and companies like PWC (PricewaterhouseCoopers), BankBoston and Brazilian Finance & Real Estate.

Rodrigo de Faria Matias Bueno | Head of Sales

Rodrigo joined Banco Fibra in 2015 and became an executive officer in June 2020. He graduated in Production Engineering from FEI – Faculdade de Engenharia Industrial and has an MBA from IBMEC-INSPER. He has almost 20 years of experience in the financial market and has worked in the Corporate and Middle Market segments in institutions like Itaú BBA, Itaú Unibanco and Santander

Flavia Zahr | Head of Corporate Governance, Legal and Compliance

Flavia joined Banco Fibra in January 2014, leading the Legal and Compliance Team. In 2021, she also became head of the Corporate Governance area for Banco Fibra. She graduated from Law School from the Universidade Presbiteriana Mackenzie with a specialization in Corporate Law by FGV and another Specialization in Securities and Capital Markets by USP. With over 20 years of experience in the financial segment, she worked in ABN Amro Real Bank, Santander, Redecard and Itaú-Unibanco

Integrity Program

The Integrity Program, alongside our Code of Ethics and Conduct, provides guidance to our collaborators and service providers to identify conducts and situations which are unaligned with our ethical principles and might configure acts of corruption. Its goal is to prevent, detect and correct unlawful practices and is constituted by principles that guide its implementation and monitoring. Click here and watch the video that presents the guidelines of our Integrity Program.

Integrity Program Policy

Committed to the national and international initiatives preventing and fighting corruption, specially Law n. 12.846/2013, known as the Anti-corruption Law, Banco Fibra has an Integrity Program which stimulates an environment of ethical and responsible behavior. Click here and access the Integrity Program Policy.

Code of Ethics and Conduct

The Banco Fibra’s Code of Ethics and Conduct defines the directives that must be followed by the professionals and service providers involved with the institution, seeking ever higher standards of conduct on our businesses and activities. It reflects the cultural identity and our practices in the markets that Banco Fibra acts. Its purpose is to orientate the conduct and decisions of managers, collaborators, and service providers whilst fulfilling their attributions. The Bank discloses its Code of Ethics and Conduct to all professionals acting on its behalf and the document is available both on the institutional web page and the Intranet.

Click here to read the complete version of our Code of Ethics and Conduct.

Institutional Policies

Our institutional policies define the directives for the implementation of procedures and integrated and complementary controls that support our operational activities and businesses, so that we can achieve the best corporate management practices and risk mitigation. We highlight some of our main policies below:

Compliance

Aligned with the best practices in the market, Banco Fibra has a Compliance Program which seeks to ensure the adequacy, strengthening and functioning of the control systems of this institution, always seeking to abide by the laws and regulations and managing the Compliance risks together with the high administration.

Banco Fibra’s Compliance area is structured in three main fronts: (i) Regulatory Compliance, which aims to guarantee the fulfillment of all applicable laws, rules and regulations, comply with the regulatory agencies’ requests and be responsible for the progress of the Integrity Program; (ii) Prevention to Money Laundering and the Fight of Terrorism Financing Compliance that sets out to prevent the practice of money laundering and financing of terrorism on Banco Fibra's businesses in Brazil and abroad, in accordance with the legislation of Brazil and of the countries were Fibra is present; and (iii) Environmental, Social, and Governance Compliance, which seeks to manage our actions regarding the environment, society and corporate governance, whose principles guide the strategies adopted by this Institution.

Prevention to Money Laundering and Combat of Terrorism Financing

In accordance with applicable legislation and regulation regarding the Prevention to Money Laundering and the Fight Against Terrorism Financing and aligned with the best practices in the market, Banco Fibra has strict control mechanisms for the effective detection of the identity and activity of its clients and the identification of the origin and title of their financial resources and assets. The institution has a specific area responsible for managing such a process and constantly controls and monitors financial and operational transactions. Click here to know the directives of our Prevention to Money Laundering and the Fight Against Terrorism Financing Policy.

Internal Controls

The area of Internal Controls acts to continuously improve the quality of this organization’s controls, helping other areas assessing its processes and identifying and evaluating risks and controls. It also monitors the plans of action for the evolution of processes and the operational risks identified. This set of actions increases the predictability of processes and contributes to reducing the operational risks to which this institution is exposed.

Internal Auditing

Reporting directly to the Board of Directors and supervised by the Auditing Committee on their monthly meetings, the Internal Auditing helps the institution reach its goals, adopting a systematic approach to evaluating and improving risk management, controls and the efficiency of corporate governance processes. Its three-year auditory cycle encompasses the auditing of products, processes, systems, areas and projects. Click here to access the Internal Auditing Policy.

Cybersecurity

In accordance with the applicable regulation and aiming to implement the best practices in the market, Banco Fibra has a Cybersecurity Policy. Click here to know its directives, which orientate the acceptable use of the institution’s information and/or technological assets, based on the principles of confidentiality, integrity, and availability.

Management Succession

Supported on our Corporate Governance pillar, Banco Fibra has a Management Succession Policy which defines the criteria for the identification of successors for high management posts, ensuring the quality of the process and the observance of the requirements of the Brazilian Central Bank. Click here to know this Policy’s directives.

Credit Transactions with Related Parties

In consonance with the best practices in the market and our commitment to transparency, Banco Fibra has a policy for Credit Transactions with Related Parties, which has the primary goal of establishing and consolidating rules and procedures that must be followed on transactions involving Related Parties, in accordance with the applicable rules and regulations. Click here to know this Policy’s directives.

Privacy Policy

One of Banco Fibra's pillars is to ensure privacy and security while treating our clients’ personal data. Aligned with the precepts on the General Data Protection Law (Lei Geral de Proteção de Dados - LGPD n. 13.709/2018) and other applicable regulations, we disclose how these personal data are treated, shared and stored in our Privacy Policy, that encompasses the governance and applicable directives of such treatment. Click here and know our Privacy Policy. Also, access our Privacy Warning.

Corporate Governance Documents

Click here and access our Consolidated Bylaws.

Board of Directors Meeting

Complementary Documents

In this section, we disclose information related to the securities transactions in the Regulated Securities Markets

Rules for the Intermediation of Securities

Rules for Selection, Recruitment, Supervision and Termination of Autonomous Investing Agents

List of Autonomous Investing Agents for ANCORD – Banco Fibra S.A.

Rules for Compensation on the Placement of Securities