People: Banco Indusval SA (IDVL4.SA)
Masagao Ribeiro, Luiz
Mr. Luiz Masagao Ribeiro has served as Co-Chief Executive Officer, Member of the Executive Board, Secretary of the Board, and Member of the Board of Directors of Banco Indusval SA since 2012. Previously, he served as Co-Chief Executive Officer, Member of the Executive Board, and Member of the Board of Directors of the Bank from May 6, 2011 to 2012, as well as Chairman of the Board, Managing Director, and Member of the Executive Board of the Bank from 2003 to May 6, 2011. From 1998 to 2003 he was Chief Executive Officer, Member of the Executive Board of the Company. He has been Member of the Bank's Executive Board since 1998. Moreover, he is Member of the Bank's Compensation and Benefits Committee. He became Secretary of the Bank's Board in 2012. He began his career with Indusval Corretora de Titulos e Valores Mobiliarios in 1971. He was appointed Officer in 1973 and, in 1988, he was elected Chief Executive Officer, serving until May 2008. He was Member of the Board of Directors of the Sao Paulo Stock Exchange - BOVESPA in the period from 1980 to 1981 and from 1987 to 1992. He was also Chairman of the Board of the Mercantile and Futures Exchange - BM&F from 1986 to 1991, and Member of its Board of Directors from 1998 to 2003. He was Chief Executive Officer of Banco Indusval SA in the period from 1998 until 2003, by the time of the merger with Banco Multistock. Currently, he is Director of the National Association of the Financial Market Institutions (ANBIMA). He graduated in Business Administration from Fundacao Getulio Vargas (FGV) in 1974, where he lectured from 1975 to 1979 in the Finance Department.
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