Arminio Fraga

Who is Arminio Fraga?

Arminio Fraga is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2002. He is also a former associate of George Soros and his Quantum Fund. Since 2001 he has been a member of the influential Washington-based financial advisory body, the Group of Thirty.

He received his PhD in economics from Princeton University in 1985.

In 2003, he founded the Rio de Janeiro based investment company, Gávea Investimentos.

Fraga has been called the Alan Greenspan of Latin America for his skillful handling of Brazilian monetary policy during his tenure as CBB president.

Fraga worked for both Fernando Henrique Cardoso governments.

In 2009, he became a member of the International Advisory Council of the Chinese sovereign wealth fund China Investment Corporation.

In October 2010, Gávea Investimentos was acquired by Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management.