The Board of Directors of Banco Daycoval is responsible for the general guidance of the Company’s business, including its long-term strategy, as well as the control and oversight of its performance. Among other duties, the Board appoints or removes members of the Executive Management and supervises the performance of their duties.
Its members are elected by the General Shareholders’ Meeting for a unified two-year term, with re-election permitted. The same Shareholders’ Meeting also has the authority to remove any member of the Board of Directors. In accordance with corporate governance best practices, two seats on the Board are reserved for independent members.
| Members of the Board of Directors | Position | Election Date | End of Term |
|---|---|---|---|
| Sasson Dayan | Chairman | AGM 2025 | AGM 2027 |
Sasson DayanHe began his professional activities in the 1950s in Lebanon at Casa Bancária Salim A. Dayan, founded by his father. In Brazil, he started operating 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 achieved significant trading volume on Bovespa. Daycoval DTVM Ltda. was authorized to operate as a multiple-service bank in 1989, when it was transformed into Banco Daycoval S.A. |
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| Morris Dayan | Board Member | AGM 2025 | AGM 2027 |
Morris DayanHe studied Economics and Philosophy at the Hebrew University of Jerusalem. He completed several courses at the Brazilian Mercantile & Futures Exchange (BM&F) between 1992 and 1994. He worked at Republic National Bank of New York between 1991 and 1992. He has been with Banco Daycoval since 1992. |
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| Rony Dayan | Board Member | AGM 2025 | AGM 2027 |
Rony DayanHe holds a degree in Business Administration from Fundação Getulio Vargas (FGV), completed in 2001. He also completed a specialization 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 Collateral Verification. He has been with the institution since 2001. |
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| Carlos Moche Dayan | Board Member | AGM 2025 | AGM 2027 |
Carlos Moche DayanHe holds a degree in Economics from the University of São Paulo (USP) and an MBA in Administration and Finance from Fundação Getulio Vargas (FGV). He has been with Banco Daycoval since 1994. |
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| Ricardo Gelbaum | Board Member | AGM 2025 | AGM 2027 |
Ricardo GelbaumHe graduated in Economics from Universidade Gama Filho in 1978 and specialized in Administration and Business at Fundação Getulio Vargas. He has extensive knowledge of the financial sector, having worked for nearly 35 years at several institutions such as Iochpe Bankers Trust and ABC ROMA. He served as Executive Director at Banco BMG for approximately 10 years, responsible for the financial area, and as Institutional and Investor Relations Director at Banco Daycoval for 11 years. He served two consecutive terms as Chairman of the Brazilian Banks Association (ABBC) and is a member of the Executive Board of FEBRABAN. |
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| Gustavo Franco | Independent Board Member | AGM 2025 | AGM 2027 |
Gustavo Henrique de Barroso FrancoHe holds a Bachelor’s degree (1979) and a Master’s degree (1982) in Economics from Pontifical Catholic University of Rio de Janeiro (PUC-Rio), as well as an M.A. (1985) and a Ph.D. (1986) from Harvard University. He served as a professor, researcher and consultant in economics between 1986 and 1993, specializing in inflation, stabilization and international economics. From 1993 to 1999, he served in public office as Deputy Secretary of Economic Policy at the Ministry of Finance, Director of International Affairs and President of the Central Bank of Brazil, playing a key role in the formulation and implementation of the Real Plan. |
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The Company’s Bylaws establish that the Executive Management of Banco Daycoval must be composed of at least 15 and no more than 40 directors, including 3 to 5 executive directors, 5 to 10 senior directors and up to 25 directors without specific designation. The directors are responsible for the daily management of the Company’s business and for implementing the policies and general guidelines established by the Board of Directors.
According to Brazilian Corporate Law, members of the Executive Management must be domiciled in Brazil, regardless of whether or not they are shareholders.
The directors of Banco Daycoval are elected by its Board of Directors for a two-year term, with re-election permitted. Brazilian Corporate Law allows up to one-third of the members of the Board of Directors to also hold positions in Executive Management.
| Executive Officers | Position | Election Date | End of Term |
|---|---|---|---|
| Carlos Moche Dayan | Executive Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Carlos Moche DayanHe holds a degree in Economics from the University of São Paulo (USP) and an MBA in Management and Finance from Fundação Getulio Vargas (FGV). He has been with Banco Daycoval since 1994. |
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| Morris Dayan | Executive Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Morris DayanHe studied Economics and Philosophy at the Hebrew University of Jerusalem. He completed several courses at the Commodities and Futures Exchange (BM&F) between 1992 and 1994. He worked at 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 | 04/30/2022 | Board Meeting after the 2026 AGM |
Salim DayanHe holds a degree in Production Engineering from the University of São Paulo (USP) and an Executive MBA in Finance from the Brazilian Institute of Capital Markets (IBMEC). He has been with Banco Daycoval since 1991. |
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| Albert Rouben | Senior Officer – Credit | 04/30/2024 | Board Meeting after the 2026 AGM |
Albert RoubenHe holds a degree in Engineering from Technion – Israel Institute of Technology. He has 24 years of professional experience, including 18 years in the financial market. He previously served as Superintendent of Operations Controllership at Daycoval, where he was responsible for the implementation and management of several branches focused on the middle market in Brazil’s main capitals and industrial centers. |
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| Alexandre Rhein | Senior Officer – Technology | 04/30/2024 | Board Meeting after the 2026 AGM |
Alexandre RheinHe holds a degree in Electronic Engineering from the Aeronautics Institute of Technology (ITA), is a postgraduate from FGV, and completed an MBA at BM&F. He has extensive knowledge in Information Technology and throughout his career has been responsible for systems development, network infrastructure and overall technology areas in banks and non-financial companies. He was a member of the SWIFT working group in Brazil and of the Global Information Security Committee of a British multinational company. He has been with Banco Daycoval since 2006. |
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| Alexandre Teixeira | Senior Officer – Auto Financing | 04/30/2024 | Board Meeting after the 2026 AGM |
Alexandre TeixeiraHe holds an MBA in Business Administration and Management from Fundação Getulio Vargas (FGV) and a bachelor’s degree in Accounting Sciences from Faculdades Metropolitanas Unidas (FMU). He has more than 35 years of professional experience, with prior roles at both domestic and multinational financial institutions. He has extensive expertise in the implementation and development of financial operations, particularly in portfolios and finance and leasing companies. He has been with Banco Daycoval since 2006, working primarily with vehicle financing and other asset-based products. |
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| Claudinei Aparecido Pedro | Senior Officer – Regional Corporate Commercial | 04/30/2024 | Board Meeting after the 2026 AGM |
Claudinei Aparecido PedroHe holds a degree in Business Administration, with a specialization in Foreign Trade, from Centro Universitário Santana (2000). In the same year, he joined Daycoval after brief tenures at Citi and HSBC. He enhanced his expertise through several management, leadership, negotiation and credit analysis programs and has built his entire career in the Commercial area, holding various management positions prior to being appointed as an Executive Officer. |
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| Elie Jacques Mizrahi | Senior Officer – Regional Corporate Commercial | 04/30/2024 | Board Meeting after the 2026 AGM |
Elie Jacques MizrahiHe holds a degree in Business Administration from Fundação Armando Alvares Penteado (FAAP). He began his career at Banco Daycoval in 2000 and, within the Group, held all positions prior to reaching the Executive Officer level, always within the Commercial area. |
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| Maria Regina R.M. Nogueira | Senior Officer – Ombudsman and Controllership | 04/30/2024 | Board Meeting after the 2026 AGM |
Maria Regina R.M. NogueiraShe holds a degree in Economics from Fundação Armando Alvares Penteado (FAAP). She completed several programs under the Continuing Education Program of Fundação Getulio Vargas (FGV-SP), with a focus on the financial market. She served on technical committees of the Brazilian Federation of Banks (FEBRABAN), the National Association of Investment Banks (ANBID) and the Brazilian Banking Association (ABBC). She has extensive knowledge of the banking sector, acquired through roles at several large and mid-sized financial institutions over more than 25 years. |
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| Nilo Cavarzan | Senior Officer – Payroll and Real Estate | 04/30/2024 | Board Meeting after the 2026 AGM |
Nilo CavarzanHe holds a degree in Economics from Fundação Escola de Comércio Álvares Penteado (FECAP). He has more than 45 years of experience in financial institutions, specializing, among other activities, in product development. He has been with the institution since 2004, working primarily with payroll-backed credit products. |
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| Paulo Augusto Saba | Senior Officer – Treasury and Investor Relations | 04/30/2024 | Board Meeting after the 2026 AGM |
Paulo Augusto SabaHe holds a degree in Civil Engineering from the Polytechnic School of the University of São Paulo (USP) and an MBA in Economics Applied to the Financial Sector from Fundação Instituto de Pesquisas Econômicas (FIPE). With more than 25 years of experience in the financial sector, he served as Executive Officer at Banco Espírito Santo, where he was responsible for Treasury operations. He also held positions at Banco Votorantim, working in Treasury and on the Commercial Desk, and at Banco Pine, where he helped establish and led the investment banking unit. He joined Banco Daycoval in 2015, assuming responsibility for Treasury. |
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| Adely Dayan Hamoui | Governance, Risk and Compliancen Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Adely Dayan HamouiShe holds a degree in Advertising and Marketing from Fundação Armando Alvares Penteado. With more than 25 years of experience within the Daycoval Group, she worked in Information Technology project management for 10 years before assuming responsibility for the Operational Risk area. Since 2015, she has been responsible for the areas of Corporate Governance, Internal Controls, Operational, Credit, Compliance and Social and Environmental Risks, ESG, and Data Modeling. |
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| Anilson Fieker Pedrozo | Administrative Operations Officer – Payroll and Real Estate | 10/01/2025 | Board Meeting after the 2026 AGM |
Anilson Fieker PedrozoHe holds a degree in Accounting Sciences from Universidade Campos de Andrade and two MBAs from Fundação Getulio Vargas, in Commercial Management and Strategic Business Management. With 40 years of experience in the financial sector, he began his banking career in 1985 at Banco Bamerindus, where he worked until 1992, when he joined Paraná Banco, becoming a Statutory Officer in 2008. He has been with Banco Daycoval since 2021. |
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| Eduardo Campos Raymundo | Retail Foreign Exchange Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Eduardo Campos RaymundoHe holds a Law degree from UNIP and completed several extension courses in Foreign Exchange and the Financial Market. He worked for 12 years at the Confidence Foreign Exchange Group and has been with Banco Daycoval for more than eight years, working in the Commercial and Distribution areas for various foreign exchange products. |
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| Erick W. de Carvalho | Capital Markets Services Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Erick W. de CarvalhoHe holds a degree in Economics from the Pontifical Catholic University of São Paulo (PUC-SP) and a postgraduate degree in Finance from the Brazilian Institute of Capital Markets (IBMEC) and Fundação Getulio Vargas (FGV). He has worked in the financial market since 2001 and previously served as an officer at Citibank and Santander. In 2019, he assumed the position of Officer – Capital Markets Services at Banco Daycoval. |
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| Flávia Motta Corrêa e Fernandes | Client Relationship Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Flávia Motta Corrêa e FernandesHolds a Law degree from the Faculdade Católica de Direito de Santos, a postgraduate degree in Civil Procedural Law from the Pontifical Catholic University of São Paulo (PUC-SP), an MBA in Business Management with an extension at the University of La Verne, California, in Advanced Topics in Business Strategy, an MBA in Business Customer Experience, and a Scientist Advanced Proficiency in CX certification from WCES. With experience in large law firms, she has more than 20 years of experience in the financial market. She has been with the Daycoval Group since 2007 and is currently responsible for the Client Relations (CX) area. She also serves as Administrative Director of Daycred. |
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| Gad Disi | AML/CFT Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Gad Disi. |
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| Gilson Fernandes Ribeiro | Regional Corporate Commercial Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Gilson Fernandes RibeiroHolds a degree in Business Administration from Universidade do Triângulo (UNITRI). He has worked in the financial market since 1982, having held positions at several financial institutions such as Unibanco, BICBANCO, Banco Mercantil do Brasil, HSBC, Safra, and Banco ABC Brasil. He joined Daycoval in 2011 and, in 2023, assumed the role of Commercial Director at the Bank. |
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| João de Carvalho Costa Júnior | Regional Corporate Commercial Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
João de Carvalho Costa Júnior. |
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| Luiz Alexandre Cadorin | Accounting Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Luiz Alexandre CadorinHolds a degree in Business Administration from Universidade São Judas, a degree in Accounting from Universidade Sumaré, and an MBA in Controllership from FIPECAFI. A professional with more than 18 years of experience in the financial market, with a career built in accounting, auditing, controllership, and finance, holding strategic and leadership positions. He has been with Banco Daycoval since 2007 and currently serves as Director of Accounting and Capital Management. Previously, he worked for 10 years at audit firms (Deloitte and Ernst & Young). |
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| Maria Beatriz de Andrade Marques Macedo | Legal Officer | 04/30/2024 | Board Meeting after the 2026 AGM |
Maria Beatriz de Andrade Marques MacedoHolds a Law degree from the University of São Paulo (USP) Law School and a Ph.D. in Civil Law from the same institution. She has worked in the financial market since 2000 and, prior to joining Daycoval in 2018, worked in the Legal Advisory departments of Grupo Safra, Banco ABC Brasil, and Unibanco, and served as coordinator of FEBRABAN’s Legal Subcommittee on Banking Business. |
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| Renato Otranto | DCM Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Renato OtrantoHolds a degree in Economics from Universidade Mackenzie. With 25 years of experience in the financial sector, he has worked at ABC Brasil, Votorantim, Espírito Santo Investment Bank, Standard Bank, and Alfa de Investimento. He has been with Banco Daycoval since 2022 and is responsible for Capital Markets and Mergers and Acquisitions activities. |
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| Saul Rodriguez Fernandez | Regional Corporate Commercial Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Saul Rodriguez FernandezHolds a degree in Electrical Engineering from UMC, a postgraduate degree in Business Administration from FGV, a postgraduate degree in Systems Analysis from FECAP, and an MBA in Business Management from FGV. With 42 years of experience in the financial market, he has worked at Citibank/Crefisul, Banco BMC, Bicbanco, and Banco Fibra, with experience in Corporate Credit, Agribusiness, and Corporate Banking, as well as Corporate Finance and Capital Markets, holding leadership and management roles, credit approval authority, and serving as chairman of the ethics committee, among others. He has been with Daycoval since 2013 and currently holds one of the Commercial Directorships, leading teams focused on middle-market, large companies, and corporate clients. |
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| Sérgio Tachian Abrosio | Risk Management and Management Information Officer | 10/01/2025 | Board Meeting after the 2026 AGM |
Sérgio Tachian AbrosioHolds a degree in Economics from the Pontifical Catholic University of São Paulo (PUC-SP) and an Executive MBA in Finance from Fundação Getúlio Vargas (FGV) and ISCTE Executive Education in Portugal. With more than 20 years of experience in the financial sector, he has worked at Pine, Safra, and Maxblue DTVM (Deutsche Bank), always in the areas of Risk, Finance, and Controllership. He has been with Banco Daycoval since 2021 and is responsible for the Risk Management and Management Information division. |
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According to the Brazilian Corporations Law, the Fiscal Council is a corporate body independent from management and external auditors. It may operate on either a permanent or a non-permanent basis, in which case it will act during a specific fiscal year, once installed at the request of shareholders representing at least 2% of the voting shares. In this case, its operation will end at the first annual general shareholders’ meeting held after its installation.
The main responsibilities of the Fiscal Council include overseeing management’s activities, reviewing the Company’s financial statements, and reporting its conclusions to shareholders. The Brazilian Corporations Law requires that members of the Fiscal Council receive compensation of at least 10% of the average annual compensation paid to the Company’s executive officers. The law also requires that the Fiscal Council be composed of at least three and no more than five members, in addition to their respective alternates.
The By Laws of Banco Daycoval provide for a non-permanent Fiscal Council, elected solely at the request of the Company’s shareholders in a general meeting. Currently, Banco Daycoval does not have a Fiscal Council installed.
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