Banco BMG Is A Recipe For Success

The Banco BMG is located in São Paulo, Brazil, and has participated for decades in financial field since 1930. The Pentagna Guimarães family are the proud and the original founders of BMG, which is a privately owned bank. Throughout the decades they have designed, developed and created financial products for businesses and consumers. The commercial loans to medium and large companies, suppliers and service providers, loans for consumers, paycheck deductible loans, credit cards, financing and investment services are available.

In July 2012, BMG signed an association agreement with Itaú Unibanco S.A., this is one of the top ten banks in Brazil. The new partnership is called Banco Itaú BMG Consignado S.A., to distribute and commercialize payroll loans in Brazil. In April 2014, a contract was signed and BMG owns 40% of the stock and voting capital stock and Itaú Unibanco holds the remaining 60%.

The partnership allowed more time for BMG to focus on developing and marketing other products for the Bank. Ricardo Guimarães is the owner and president of Banco BMG and approves of developing new products, and improving the existing products. He graduated in 1988, with a degree in business administration from Una – Faculdade de Ciências Gerenciais, and he didn’t let it go to waste. They have developed products for businesses to offer their employees as part of a benefit package called a Payroll Credit Card, or simply called BMG Loans at Work. This gives the employees access to immediate funds, and the payments are deducted from their paychecks. The BMG Empresas is the platform for financing used vehicles, economic groups and medium and large suppliers and businesses. The BMG Real estate platform, handles the home equity loans.

Ricardo Guimarães and his family have built an outstanding, successful financial background for more than 80 years. Because of Mr. Guimarães extensive career in finance and investing, he created a stellar management team, that has an immense amount of experience and respected in their selected fields.

Alcides Tápias was a member the Board of Directors of Banco Itaú Unibanco for 10 years and the president of the Brazilian Bank Federation and Minister of Foreign Trade and Industry Development. He is the President of BMG’s Board of Directors since December 2012.
Flávio Pentagna Guimarães Neto, earned his degree in Business Administration from IBMEC in 2010. He works for Banco BMG analyzing new businesses, and is a member of the Board of Directors.
João Annes Guimarães was awarded his Bachelor of Arts degree in Mathematics. He holds several positions in various companies owned by the family. He presently is a member of the Executive Committee of BMG and the Board of Directors of Banco BMG. With the right people at the helm, success begins, blossoms and continues.

Brazilian Law and Legal System Built on a Firm Foundation

Brazilian law was predominantly established in the civil law of the Portuguese legal system. Before achieving its independence in 1825, Brazil was a colony ruled by Portugal for a very long time. Since its independence, Brazil was not only immersed in the Portuguese laws and language, but expanded its legal system with adaptation to the influences and facets of additional European countries and their legal systems.

The civil code of Brazil was fashioned after the French legal system in the 19th century. Later, Brazil took on factors of German’s civil laws during the 20th century, and during the 21st century, Brazil included portions of Italian civil law into its legal system. These other civil law elements made Brazil’s law and legal system a composite of diverse civil laws based on the various civil law systems of Europe.

The highest level of law in Brazil is its federal constitution. Regardless of whether at the local, the state, or the federal level, it is mandatory that any new laws passed in Brazil must conform to the regulations laid down in Brazil’s constitution. Brazil’s constitution is the guideline by which the extent of all other Brazilian laws is determined to be valid or not.

In 1930, Brazil established an independent bar association, The Order of Attorneys of Brazil. Every state in Brazil has a regional chapter and national council committee of The Order of Attorneys of Brazil within it. An individual must obtain a bachelor of law degree and be granted admission to Brazil’s bar association and The Order of Attorneys of Brazil in order to practice law in Brazil.

Introducing: Ricardo Tosto de Oliveira Carvalho

In matters of corporate and finance law, Ricardo Tosto de Oliveira Carvalho is a prominent leader. In Sao Paolo, Brazil, Ricardo Tosto graduated from the Mackenzie Presbyterian University, where he achieved a bachelor’s degree in law. After graduating, Carvalho gained a position at a community law firm. Before long, he became well-known in legal circles and quickly achieved a position in one of Brazil’s major law firms. Mr. Ricardo Tosto worked and later left a prominent corporate law firm of Brazil, and established the firm Leite, Tosto e Barros Attorneys with two companion attorneys. The firm rapidly grew, and today is one of the biggest and most significant law firms in Brazil.

Ricardo has been practicing law for over 20 years. The specialties of Tosto’s law firm are:

• Mergers and Acquisitions
• Banking and Business Law
• Corporate Law
• Civil Litigation

Tosto is a founder of the Brazilian Institute for Electors and Party Law Research and is judicially active. Partners of his firm rate him an excellent mentor and helpful guide.