Duda Melzer Takes Up His Role As The President of RBS Group

UPDATE – June 24th, 2016 — Duda Melzer has been CEO of RBS Group for the last three months and has implemented several key changes and new team members.


In a live broadcast to 6,416 employees of the corporation, Eduardo Sirotsky Melzer, took over as the executive president of RBS Group. The event was held in Porto Alegre. In attendance were his family and colleagues.

Eduardo is commonly known as Duda. Previously, Duda was the executive vice president of the company. The former president of the corporation, Nelson Sirotsky, posited that he was comfortable with Duda’s presidency. Nelson believes that his nephew is up to the task because Duda is focused on enhancing the objectives of the corporation. During his acceptance speech, Duda cited his grandfather as the founder of RBS Group. He went on to reiterate his commitment towards following the technological development without losing focus of the human element.

Since his formative years, the company has fascinated Duda. The dream of the company propelled his interests to engage in active management of its affairs. Duda is happy about the company’s impact on the lives of the people. During his previous ten years as an executive of the corporation, Duda has learnt that RBS zeroes in on solving different problems by working with employees who are passionate about their craft. This information was originally reported on Portal Making-Of.

In the company, Duda served as the director general in charge of the national market as well as the vice president of business development and market before becoming the executive vice president. Duda’s mission shall be to develop sustainable business projects that incorporate the three pillars of business: business education, digital and communication. With Duda’s arrival, Nelson Sirotsky shall now serve on the board of directors as well as at the company’s editorial committee. For the past 21 years, Nelson has served as the company’s president. Nelson has rendered his services at RBS Group for 41 years. Nelson posited that he would be starting a new relationship with RBS and he would support Duda as the new chief executive officer.

Marcio Alaor, BMG Bank And Banco Ita Agree To Form A New Bank


Forming a new bank in Brazil isnt easy. Brazil has a lot of banks, and the state controlled banks usually get most of the attention. But a recent article published by EM.com.br announced a new bank formed by a partnership between BMG Bank of Minas Gerais and Sao Paulo based Banco Ita. The partnership is seems to be an unusual pairing since Banco Ita is the fifth largest bank in Brazil and doesnt need a partner. Banco Ita merged with Unibanco in 2008 and that merger produced a super private bank that has a decent market share in the banking industry in Brazil.But this new billion Real partnership with BMG Bank is different. Both banks are successful without one another, but the banking business in Brazil is so competitive that both banks feel they can produce more business by forming a new bank. The new bank is called the Ita BMG Bank, and it has an initial capitalization of $R billion. Banco Ita invested $R700 million and BMG Bank put up $R300 million to get the bank started. According to BMG Bank Director Marcio Alaor the partnership and the new bank will produce more revenue at a lower cost. Lowering costs in Brazil is a priority for bankers in Brazil.

Marcio Alaor is well equipped to handle a major transaction like this one. He has been the Vice-President and Director of BMG Bank for years and is a respected member of the Brazilian banking community. Alaor was born in the state of Minas Gerais and grew up in a small village that produce fireworks. There wasnt much opportunity for Alaor in that village when he was a boy, but he made his own opportunities. When he was old enough he went to school got a degree and joined the banking business.

Even though Alaor is a important member of the BMG Bank family and a skilled negotiator he still has time for the people in his village. Thats what keeps Alaor grounded. Helping others is what he does best.

The formation of Ita BMG Bank will also help people get the payroll loans they need to survive the recession. Alaor thinks the new bank will attract new customers to their payroll loan product and Banco Ita agrees. Both banks are betting the new bank will lower costs and bring in new clients. That is the nature of banking in Brazil. Consignment loans fuel profits in Brazil and BMG Bank and Banco Ita want more profits.

Law Practice in Brazil

For people to co – exist peacefully in a society, there must be law to be followed. These law are very essential because they ensure that every person is entitled to his own space and that anybody who might try to cross that will have to face the whole wrath of the set law. Law are not the same in all the countries since the legitimate organ vary between countries. These laws are always made to cater for the needs of the society and address the gaps that might be there and it is therefore not easy to have laws that are the same in all the countries since the needs and their problems are different. The people who are trained so that they can help the judges to solve disputes that may come up when people go against these law are the Lawyers. These Lawyers must be very conversant with the law so that they can represent their client in courts well. The Brazilian Legal system is very well known since the lawyers and the judges are very active especially when they are handling their duties.

Among the lawyer in Brazil who have made their name from law is Ricardo Tosto Oliveira Carvalho. His career began from a small office before he moved to the biggest law firm in Brazil. The law firm that he leads is is referred to as Leite, Tosto e Barros that is well known and among the leading law firm in Brazil. His expertise in economic law is what has made him to be well known across the country. He has been very instrumental in helping the government formulate laws that regard the same. His other areas of law that he is invoved in is litigation, bankruptcy proceedings and conveyancing. He is a very good mentor to his juniors who also become the best after being associated with him. Majority of his partners began as interns and have grown through the professional ladder to become his partners. He is currently attracting a lot of clients since he has made a name for himself and also his firm.

In Brazil law training is seen to be very demanding since it one has to first attain a degree which is then followed by other exams that are referred to as bar exams. It is after passing this exam that you are issued with a certificate after which you can now start practicing. During the training a learner is given to an experienced lawyer who give them practical duties as a way of training them.