About Previ

 

Established in 1904, even before the launch of the Official Pension Plan in our country, the pension fund for Banco do Brasil employees, known as Previ, is among the largest pension funds in Latin America. With a history stretching back over a century, Previ has always existed with one single purpose: to take care of our people's future.

Previ is a closed supplementary pension entity, and its participants are employees of Banco do Brasil and its own staff. The Institution works to ensure additional security benefits to its participants, in order to improve the quality of life of its beneficiaries and dependents.

Previ is mostly funded by contributions of Banco do Brasil’s employees and the Bank itself, as the employer. Such funds are invested in a diversified manner, following our Investment Policy, which is strictly reviewed on an annual basis to meet the needs of each benefit plan and always aiming to fulfill the purpose of Previ: to ensure the payment of benefits to all of us associates in an efficient, safe and sustainable manner.

Organizational framework

 

Previ's organizational structure is composed of management and control bodies with different roles, which constitute the Corporate Governance system. These bodies are the Executive Board, the Executive Council, the Fiscal Council and the Audit Committee.

The Executive Board consists of six members: Chief Executive Officer, Chief Investment Officer, Equity Director, Security Director, Planning Director and Management Director. The first three are appointed by Banco do Brasil, while the last three are elected by participants and beneficiaries. Check out their resumes:

Daniel André Stieler - Chief Executive Officer with term of office ending on 05/31/2022

Daniel hols a degree in Accounting from Universidade Federal de Santa Maria, two post-graduate degrees in Business Finance and Auditing from Fundação Getúlio Vargas, and an MBA in Accounting from Universidade de São Paulo. He has taken an extension course in Human Resources Management at Columbia University in the City of New York. Daniel has certifications from ICSS in Business Administration and from IBGC in Fiscal Council. Before joining Previ, he was CEO at Economus Instituto de Seguridade Social and a fiscal counselor at Banco Votorantim. 

Márcio de Souza - Management Director with term of office ending on 05/31/2022

Márcio de Souza is a Law graduate with an MBA in Project Management. He is an ICSS-certified pension fund manager. He joined BB in 1981. He has been at Previ since 2004, where he worked in the Benefit Management Division as an Executive Manager. He led the division that developed and implemented Previ Futuro's concession & benefits system. He coordinated the Working Group on the Amendments to the Bylaws, which brought back the direct election for director and created the plan-based advisory councils. He was director of the Petrópolis Bank Workers’ Union.

Marcelo Otávio Wagner - Chief Investment Officer with term of office ending on 06/02/2024

Career employee of Banco do Brasil, Marcelo Otávio Wagner holds a degree in Business Management from Universidade São Francisco (SP) and a post-graduate degree in Finance from Fundação Getúlio Vargas (SP). He has taken extension courses in Corporate Risk Management and Pension Fund Management. He worked at BB in London for five years, after working for six years in Banco do Brasil’s Credit Division. Before joining Previ, he held the position of Chief Financial Officer at Brasilprev since 11/2017, where he had also held the role of Chief Investment Planning and Risks Officer for 10 years.

Denísio Augusto Liberato Delfino - Equity Director with term of office expiring on 06/02/2024

Denísio Augusto Liberato Delfino holds a degree in Economics from the Federal University of Viçosa (MG) and a Master's and PhD in Economics from Fundação Getúlio Vargas (FGV). He joined the Bank in 2000 and, from 2017 to 2020, he served as Executive Manager in the Capital Markets and Infrastructure Division (Dimec). He was Executive Manager of the Corporate Governance Board (2015-2017), and worked as an economist and strategist (2008-2012) at Banco do Brasil's Private Bank, in São Paulo. Between 2002 and 2007, he also worked at the International Board in São Paulo and at the Finance Board in Brasília. From 2013 to 2015 he was assigned to the Federal Government to work at the Economic Policy Department of the Ministry of Finance. He is a professor at IDP and FGV, teaching for the executive courses in Brasília and São Paulo.

Paula Regina Goto - Planning Director with term of office ending on 05/31/2022

Paula Goto has a postgraduate degree in Business Management, an MBA in Finance, a specialization in Agribusiness Management, a Master's in Social Sciences and is currently a PhD student in Project Management. She has both the ICSS and Anbima (CPA 20) investment certifications. Manager at BB, she worked in the branch network and at the tactical and strategic levels in the states of Paraná, São Paulo, Tocantins, Pará, Ceará and the Federal District. She was Head of the Supervisory Board of ANABBPREV. She is the first woman to hold the office of Director at Previ after 1998.

Wagner de Souza Nascimento - Security Director with term of office ending on 06/02/2024

Wagner holds a graduate degree in Business Administration from Universidade Federal de Viçosa and a postgraduate degree in Social Security Management, Auditing and Controllership. He has a wide experience in accounting, administration and public management and is certified by the ICSS as a Pension Fund Administrator. A BB employee since 2002, Wagner was elected to hold office as Advising Counselor at Previ Futuro and was responsible for heading the collegiate body. He has also been an Executive Counselor at Previ for the past four years and coordinated the BB Employees Committee between June 2014 and July 2019. Director of the Bank Workers Union for the Belo Horizonte & surroundings area, he left office at that entity to take over at Previ.

Where are we?

 

Previ's headquarters are located in the city of Rio de Janeiro, Brazil. Our address is Praia de Botafogo, 501, 3rd and 4th floors, Botafogo, Rio de Janeiro (RJ). Zip Code 22250-040

Documents in English

 

Do you want to know more about Previ? Check out these documents about us:

		Annual Report 2019 In 2019, our 115th year since inception, we redefined our Corporate Vision to make it more aspirational, comprehensive, and aligned with the challenges and opportunities facing the Organization over the coming years. Our newly articulated Corporate Vision is to: “Set the standard for efficiency, sustainability and governance in managing private pension solutions”. This Annual Report summarizes the progress we have made across all departments at Previ towards our new Vision, which was formalized in 2020.
		RI Transparency Report 2019 The PRI Reporting Framework is a key step in the journey towards building a common language and industry standard for reporting responsible investment (RI) activities.This RI Transparency Report is one of the key outputs of this Framework. Its primary objective is to enable signatory transparency on RI activities and facilitate dialogue between investors and their clients, beneficiaries and other stakeholders.
		Annual Report 2018 Our Annual Report 2018 — which provides participants with an overview of Previ’s key achievements and performance in the year — puts the Core Values “Member focus” and “Transparency” at Previ into practice. This report provides a summary of Previ’s market position and results of operations in 2018; the funded position and financial health of our benefit plans; the strategy that informed our investment decisions for and profitability across each asset category; and improvements to our approach to people management and participant relations.
		Annual Report 2017 This summary version of the Previ Annual Report 2017 reviews our most significant facts and figures and reports on the performance of our benefit plans in the year. Addressed primarily to our most important stakeholders—the more than 200,000 participants in our benefit plans— the Report reviews Previ’s performance in the private pension market, addresses the strategies we implemented in the year, explains our most significant investment decisions, and provides an overview of Plano 1, Previ Futuro and the Death & Disability Benefits Plan (CAPEC) in 2017.
		Annual Report 2016 This is a summary version of our Annual Report 2016, in which we provide a brief and transparent overview of key information about the performance of our benefit plans and investments in the year. The report describes our key achievements and strategic decisions in 2016, and our relations with members and other stakeholders. We hope you find this report informative.
		Annual Report 2015 Transparency is a core value at Previ. As a case in point, we were the first pension fund in Brazil to publish a Social Report in addition to our Annual Report, in 1998. Since 2011, we have compiled financial and sustainability information into a single document that reports on our performance and the performance of the companies and real estate developments in which we invest.
		PREVI Code of Corporate Governance Developed by Corporate Governance Division of PRE
		PREVI Guide Model for Participation in Shareholder's Meetings Developed by Corporate Governance Division of PREVI