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RIO DE JANEIRO, BRAZIL - Three weeks after Rubem Novaes' sudden departure (returning to the private sector) from the presidency of Banco do Brasil (BB), the state-owned financial institution officially named André Guilherme Brandão as its new CEO. His name had been known for some two weeks and his appointment was regarded as a victory for the "pragmatic" government wing because of his profile, which is considered technical rather than political.

Novaes resigned in the . . .

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