The Banco de Brasília (BRB) announced the resignation of its legal director, Jacques Maurício Ferreira Veloso de Melo, effective next Saturday, the 14th. The bank did not disclose details regarding the reason for Melo's departure but reaffirmed its commitment to ethics, responsibility, and transparency. In a statement, BRB emphasized that it will keep its shareholders and the market informed about any relevant events in a timely manner.

In addition to Melo's resignation, the BRB introduced Ana Paula Teixeira as the new executive director of Controls and Risks (DICOR). Teixeira comes with extensive experience having previously served as the vice-president of risk management, internal controls, institutional security, and cybersecurity at Banco do Brasil. Her appointment is seen as a move to strengthen the corporate governance and institutional integrity of the bank, which is crucial amid the banking sector's increasing focus on ethical practices and risk management.

While the banking industry in Brazil faces rising challenges and scrutiny, the BRB's decision to emphasize governance through these executive changes may reflect a broader trend towards enhancing regulatory compliance and rebuilding trust within financial institutions. As the situation develops, stakeholders will be watching closely for further announcements, especially regarding the appointment of Melo's successor.