Banco Daycoval's Board of Directors is responsible for the general orientation of the company's businesses, including its long-term strategies and performance control and oversight. Among other attributions, the collegial management model allows for the nomination or removal of the members of the Executive Board and supervises how they function.
Its members are elected at a General Shareholders Meeting for a unified two-year term, with reelection permitted. The same Meeting also is empowered to remove any of the members of the Board of Directors. In accordance with governance precepts, two seats on the Board are reserved for independent members.
| Members of the Board of Directors | Position | Date of election | Term expiration date |
|---|---|---|---|
| Sasson Dayan | President | AUG 2023 | AUG 2025 |
Sasson DayanStarted his professional activities in the 1950s, in Lebanon, at the Salim A. Dayan Banking House, founded by his father. In Brazil, he began to operate in the financial market in 1968, when he founded Daycoval DTVM Ltda. In 1970, together with his brother Ibrahim Dayan, he founded Valco Corretoras de Valores Mobiliários, which transacted significant volumes on the Bovespa. Daycoval DTVM Ltda. obtained authorization to operate as a multiple bank in 1989, when it was transformed into Banco Daycoval S.A. |
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| Morris Dayan | Member | AUG 2023 | AUG 2025 |
Morris DayanStudied Economics and Philosophy at the University of Jerusalem. He took several courses at the Commodities and Futures Exchange (BM&F) between 1992 and 1994. He worked at the Republic National Bank of New York between 1991 and 1992. He has been with Banco Daycoval since 1992. |
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| Rony Dayan | Member | AUG 2023 | AUG 2025 |
Rony DayanGraduated with a degree in Business Administration from Fundação Getúlio Vargas (FGV) in 2001. He took a specialization course in Management and Leadership in Israel. He is fluent in French, English, Spanish, Hebrew and Portuguese. He built his career at Banco Daycoval, where he was responsible for Marketing and Guarantee Verification. He has worked at the institution since 2001. |
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| Carlos Moche Dayan | Member | AUG 2023 | AUG 2025 |
Carlos Moche DayanGraduated in Economics from the University of São Paulo (USP) and has an MBA in Administration and Finance from Fundação Getúlio Vargas (FGV). He has worked at Banco Daycoval since 1994. |
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| Ricardo Gelbaum | Member | AUG 2023 | AUG 2025 |
Ricardo GelbaumHe graduated in Economics from Universidade Gama Filho in 1978 and specialized in Business Administration at Fundação Getúlio Vargas. He has deep knowledge of the financial segment, having worked for almost 35 years in several institutions, such as Iochpe Bankers Trust and ABC ROMA. He was executive director of Banco BMG for approximately 10 years, responsible for the financial area and was Institutional and Investor Relations Officer of Banco Daycoval for 11 years. He was president of the Brazilian Banking Association (ABBC) for two consecutive terms. He is a member of the Executive Board of FEBRABAN. |
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| Gustavo Franco | Independent Member | AUG 2023 | AUG 2025 |
Gustavo Henrique de Barroso FrancoHolds Bachelor (1979) and a Masters (1982) degrees in Economics from the Pontifical Catholic University of Rio de Janeiro (PUC-Rio) and MA (1985) and Ph. D (1986) from Harvard University. He was a professor, researcher and consultant in economics issues between 1986 and 1993, specializing in inflation, stabilization and international economics. Subsequently, in public service, between 1993 and 1999 he was secretary of Economic Policy (deputy) of the Ministry of Finance, director of International Affairs and President of the Central Bank of Brazil. He played a key role in the formulation, operation and administration of the Real Plan, among other activities. |
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| Sergio Alexandre Clemente | Independent Member | AUG 2023 | AUG 2025 |
Sergio Alexandre ClementeHolds a Bachelor’s degree in Mechanical Engineering from PUC de Minas Gerais, an MBA in Finance from IBMEC and has had a long career in the financial sector. In the last few years, he held the position of executive vice president at Bradesco, where he was responsible for the Corporate Relations, International, Investment Banking, Brokerage, Resource Management and Private areas. |
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The Company 's Bylaws establish that Banco Daycoval's Executive Board must be composed of at least four and at most 20 directors, with three to five executive directors and up to 15 directors without special designation. These executive officers are responsible for the daily management of their business areas and for the implementation of the general policies and guidelines established by Banco Daycoval's Board of Directors.
According to the Brazilian Corporation Law, the members of the Executive Board must be domiciled in Brazil, regardless of whether they are shareholders or not.
Banco Daycoval's officers are elected by its Board of Directors for a two-year term, with reelection permitted. The Brazilian Corporation Law allows members of the Board of Directors, up to a maximum of one-third, to be elected to occupy positions on the Executive Board.
| Executive Officers | Title | Date of election | End of term |
|---|---|---|---|
| Carlos Moche Dayan | Executive Officer | 04/29/2022 | BDM after OGM of 2024 |
Carlos Moche DayanGraduated in Economics from the University of São Paulo (USP) and has an MBA in Administration and Finance from Fundação Getúlio Vargas (FGV). He has worked at Banco Daycoval since 1994. |
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| Morris Dayan | Executive Officer | 04/29/2020 | BDM after OGM of 2024 |
Morris DayanStudied Economics and Philosophy at the University of Jerusalem. He attended several courses at the Commodities and Futures Exchange (BM&F) between 1992 and 1994. He worked at the Republic National Bank of New York between 1991 and 1992. He has been with Banco Daycoval since 1992. |
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| Salim Dayan | Executive Officer | 04/29/2022 | BDM after OGM of 2024 |
Salim DayanGraduated in Production Engineering from the University of São Paulo (USP). He obtained an Executive MBA in Finance from the Brazilian Institute of Capital Markets (IBMEC). He has worked at Banco Daycoval since 1991. |
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| Albert Rouben | Credit Officer | 04/29/2022 | BDM after OGM of 2024 |
Albert RoubenReceived an engineering degree from Technion - Israel Inst. of Technology (Israel). He has 24 years of professional experience, 18 of which in the financial market. He held the position of superintendent of Daycoval's Operations Controllership, responsible for the implementation and management of a number of branches focused on the middle market in the country's main capitals and industrial centers. |
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| Alexandre Rhein | IT Officer | 04/29/2022 | BDM after OGM of 2024 |
Alexandre RheinGraduated in Electronic Engineering from Instituto Tecnológico de Aeronáutica (ITA), has a post-graduate degree from FGV and an MBA from BM&F. He has deep knowledge in the field of Information Technology and during his career has been responsible for the development of systems, network infrastructure and entire technology areas, in banks and non-financial companies. He was a member of a SWIFT working group in Brazil and the Global Information Security Committee of an English multinational company. He has worked at Banco Daycoval since 2006. |
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| Alexandre Teixeira | Retail Officer - Auto Loans | 04/29/2022 | BDM after OGM of 2024 |
Alexandre TeixeiraObtained an MBA in Business Administration from Fundação Getúlio Vargas (FGV) and a bachelor's degree in Accounting from Faculdades Metropolitanas Unidas (FMU). His career has extended more than 35 years, having worked at Brazilian and multinational financial institutions. He has extensive knowledge regarding the implementation and development of financial operations, most notably in portfolios and financing and leasing companies. He has worked at Banco Daycoval since 2006, in the auto loans and other asset financing areas. |
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| Carla Zeitune Pimentel dos Santos | Human Resources Officer | 04/29/2022 | BDM after OGM of 2024 |
Carla Zeitune Pimentel dos SantosA Chemical Engineering graduate in 1989 from UFRJ. She earned a master's degree in Production Engineering with emphasis on Quality in 1992 from UFRJ. She has worked in a number of business segments, including the chemical industry, diagnostic medicine, intellectual property, insurance and, since 2010, the financial market. She worked at Standard Chartered Bank and BNP Paribas before joining Banco Daycoval. At Banco Daycoval, she has been Head of Human Resources since 2019. |
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| Claudinei Aparecido Pedro | Companies Commercial Offficer - Regional | 04/29/2022 | BDM after OGM of 2024 |
Claudinei Aparecido PedroGraduated in Business Administration, with a degree in Foreign Trade, from Centro Universitário Santana, in 2000. Later that year, he joined Daycoval, after brief stints at Citi and HSBC. He enhanced his knowledge through courses in management, leadership, negotiation and credit analysis and, always working in the Commercial area, undertook a number of management positions before joining the Executive Board. |
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| Eduardo Campos Raymundo | Retail Foreign Exchange Officer | 04/29/2022 | BDM after OGM of 2024 |
Eduardo Campos RaymundoGraduated in Law from Unip and took several extension courses on Foreign Exchange and Financial Market matters. He worked at the Confidence Câmbio Group for 12 years and has been with Banco Daycoval for over eight years, in the Commercial and Distribution areas for various foreign exchange products. |
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| Elie Jacques Mizrahi | Companies Commercial Offficer - Regional | 04/29/2022 | BDM after OGM of 2024 |
Elie Jacques MizrahiGraduated in Business Administration from Fundação Armando Alvares Penteado (FAAP). He started his career at Banco Daycoval in 2000. He was given responsibilities in a wide variety of positions before joining the Executive Board, always in the Commercial area. |
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| Erick W. de Carvalho | Capital Market Services Officer | 04/29/2022 | BDM after OGM of 2024 |
Erick W. de CarvalhoGraduated in Economics from the Pontifical Catholic University of São Paulo (PUC-SP) and holds a postgraduate degree in Finance awarded by the Brazilian Capital Market Institute (IBMEC) and the Getúlio Vargas Foundation (FGV). He has operated in the financial market since 2001. He was a director at Citibank and Santander. In 2019, he was named by Banco Daycoval to head up Capital Market Services. |
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| Gilson Fernandes Ribeiro | Companies Commercial Offficer - Regional | 04/29/2022 | BDM after OGM of 2024 |
Gilson Fernandes RibeiroHe graduated in Business Administration from the Universidade do Triângulo (UNITRI). He has worked in the financial market since 1982 in a number of financial institutions, such as: Unibanco, BICBANCO, Banco Mercantil do Brasil, HSBC, Safra and Banco ABC Brasil. He joined Daycoval in 2011 and in 2023 he became Corporate Officer at the Bank. |
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| Maria Beatriz de Andrade Marques Macedo | Consulting Legal Officer | 04/29/2022 | BDM after OGM of 2024 |
Maria Beatriz de Andrade Marques MacedoShe holds a degree in Law from the Faculdade de Direito da Universidade de São Paulo – USP and a Ph.D. in Civil Law also from Faculdade de Direito da Universidade de São Paulo – USP. She has worked in the financial market since 2000 and, prior to joining Daycoval in 2018, she worked in the Legal Counsel’s Advisory Department of Grupo Safra, Banco ABC Brasil and Unibanco and was coordinator of the Legal Subcommittee of Banking Business of FEBRABAN. |
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| Maria Regina R.M. Nogueira | Ombudsman and Controllership Officer | 04/29/2022 | BDM after OGM of 2024 |
Maria Regina R.M. NogueiraGraduated in Economics from Fundação Armando Alvares Penteado (FAAP). She attended a number of courses in the Continuing Education Program of the Getúlio Vargas Foundation (FGV-SP), focusing on the financial market. She served on technical commissions of the Brazilian Federation of Banks (FEBRABAN), the National Association of Investment Banks (ANBID) and the Brazilian Association of Banks (ABBC). She has extensive knowledge of the banking segment, acquired in positions held at a number of large and medium-sized financial institutions over more than 25 years. |
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| Nilo Cavarzan | Retail Officer - Payroll Loans and Home Equity | 04/29/2022 | BDM after OGM of 2024 |
Nilo CavarzanGraduated in Economic Science at the Fundação de Escola de Comércio Álvares Penteado (FECAP). He has over 45 years of experience in financial institutions, where he specialized, among other activities, in the field of product development. He has worked at the institution since 2004, as part of the payroll loan product team. |
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| Paulo Augusto Saba | Treasury & Markets and Investor Relations Officer | 04/29/2022 | BDM after OGM of 2024 |
Paulo Augusto SabaGraduated in Civil Engineering from the Polytechnic School of the University of São Paulo (USP) and has an MBA in Applied Economics to the Financial Sector from the Fundação Instituto de Pesquisa Económicos (FIPE). With over 25 years of experience in the financial sector, he was executive director of Banco Espírito Santo, responsible for Treasury. He also worked at Votorantim bank in Treasury and on the Commercial Desk, and Pine bank, where he helped set up and directed the investment bank unit. He joined Daycoval in 2015, to head up Treasury. |
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Pursuant to the Brazilian Corporation Law, the Fiscal Council is a corporate oversight body independent of management and external auditors. It can operate both permanently and non-permanently, a situation in which it will operate during a specific fiscal year, established at the request of shareholders representing at least 2% of the voting shares. In such a case, its operation will end at the first general shareholders meeting after its installation.
The Fiscal Council's primary responsibilities are to inspect management activities, review the company's financial statements and report its conclusions to the shareholders. The Brazilian Corporation Law requires that the members of this Board receive compensation of at least 10% of the average amount paid annually to the company's officers. The Brazilian Corporation Law also requires that the Fiscal Council be composed of at least three and, at most, five members, in addition to their respective alternates.
Banco Daycoval's Bylaws provide for a non-permanent Fiscal Council, elected only at the request of the company's shareholders, at a general shareholders meeting. Currently, Banco Daycoval does not have a sitting Fiscal Council.
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