Corporate Governance

We have an efficient structure that ensures synergy between our management and the interests of Fibra’s entire ecosystem.

Corporate Governance

Our management is comprised of several committees, instituted by our internal policies, which helps us to maintain a robust environment of operational, regulatory and governance controls and provide agility and transparency among the different interests of our processes and the management of the Bank.

Executive

Officers

Board of

Directors

Committees

Our management is comprised of several committees, instituted by our internal policies, which helps us to maintain a robust environment of operational, regulatory and governance controls and provide agility and transparency among the different interests of our processes and the management of the Bank.

The Board of Directors establishes the general and strategic policies and is responsible for guiding businesses, directing, supervising, electing and managing the executive officers’ duties.

Benjamin Steinbruch | Chairman of the Board of Directors

Graduated in Business by the Escola de Administração de Empresas da Fundação Getúlio Vargas – SP and post-graduated in Marketing and Finance by the same institution.

He has been a member of the Board of Directors of Companhia Siderúrgica Nacional (CSN) since April 23, 1993 and has acted as President of the board since April 28, 1995. He is also the Chief Executive Officer of CSN since April 30, 2002. Since 2017, he has also been the President of the Board of Directors of São Paulo’s Jockey Club and a member of the Economic and Social Development Council since 2014

Arno Schwarz | Board Member

Arno joined Banco Fibra in 2013 and became a Chief Executive Officer in February 2016. He is graduated in Economy, Social Politics and Latin American Studies from Brandeis University in Waltham, MA.

He also has an Executive MBA in Finance by IBMEC SP/Insper and a Master’s Degree in Business Administration focused in Finance by the Columbia Business School of New York. Arno has been Certified board member by the Brazilian Institute of Corporate Governance (IBGC) since August 2021.

He is a member of the Board of Directors of Banco Fibra S.A., Transnordestina Logística S.A., FTL – Ferrovia Transnordestina Logística S.A., Elizabeth S.A. Indústria Têxtil, Textília S.A. and Vicunha Aços S.A. He is also the Chief Executive Officer of Taquari Asset Ltda and a board member of the Associação Brasileira de Bancos - ABBC (Brazilian Banking Association). In his career, he has worked in companies such as Bradesco BBI and Companhia Siderúrgica Nacional (CSN).

Elisabeth Steinbruch Schwarz | Board Member

Graduated in Production Engineering by Escola Politécnica da Universidade de São Paulo (USP).

Born in October 1954, she has been an executive officer and a member of the Board od Directors on several companies of the Vicunha Group. She is an executive officer for Elizabeth S/A Indústria Têxtil, Rio Purus Participações S.A. and of Taquari Participações Ltda. She is also a part of the Board of Directors of Fibra Companhia Securitizadora de Créditos Imobiliários (a company controlled by Banco Fibra)

Anna Maria Marzorati Kuntz | Board Member

Anna Maria is gratuated in Pedagogy and post-graduated in Business Administration in Faculdade de Filosofia, Ciências e Letras da Universidade de São Paulo. She holds a postgraduate degree in Business Administration from Fundação Getúlio Vargas in São Paulo. She also has an MBA in Management Development and a Counselor Development Course from Fundação Dom Cabral de Minas Gerais.

She has been a Board Member of Vicunha Têxtil S/A since 2019, where she was previously Commercial and Marketing Director. She also works as a director at Textilia S.A. and Taquari Participações S.A., and as supervisory board member at Transnordestina Logística S.A.

The Executive Officers are responsible, among other things, for the daily management of the business and the implementation of our policies and framework.

Arno Schwarz | CEO

Arno joined Banco Fibra in 2013 and became a Chief Executive Officer in February 2016. He is graduated in Economy, Social Politics and Latin American Studies from Brandeis University in Waltham, MA. He also has an Executive MBA in Finance by IBMEC SP/Insper and a Master’s Degree in Business Administration focused in Finance by the Columbia Business School of New York. Arno has been Certified board member by the Brazilian Institute of Corporate Governance (IBGC) since August 2021.

He is a member of the Board of Directors of Banco Fibra S.A., Transnordestina Logística S.A., FTL – Ferrovia Transnordestina Logística S.A., Elizabeth S.A. Indústria Têxtil, Textília S.A. and Vicunha Aços S.A. He is also the Chief Executive Officer of Taquari Asset Ltda and a board member of the Associação Brasileira de Bancos - ABBC (Brazilian Banking Association). In his career, he has worked in companies such as Bradesco BBI and Companhia Siderúrgica Nacional (CSN).

Fernando Barrichelo | Director of Operations and Technology

Fernando joined Banco Fibra in March 2024 as the Director of Operations and Technology. With over 25 years of professional experience in Operations, Technology, and Customer Service, he has held senior leadership positions at companies such as Itaú-Unibanco, Whirlpool, Cielo, and more recently, AON. He holds a degree in Electronic Engineering from the University of São Paulo (USP), a postgraduate degree from Fundação Getúlio Vargas (FGV), an MBA from Carnegie Mellon University, and a PhD in Business Administration from FGV. He is also the author of three books on Strategic Thinking using Game Theory, Intelligence and Critical Thinking, and Corporate Chronicles.

Kumagae Hinki Jr. | Chief Risk Officer, Chief Operations Officer, head of Internal Controls and Information Security

Kumagae joined Banco Fibra in December 2013. He has an MBA from Massachusetts Institute of Technology, specialization in financial management by Fundação Getúlio Vargas (FGV), and is graduated in technology by FATEC/SP. With over 30 years of experience in risks, technology, and products, he worked on both national and Latin American markets. He also worked in companies such as Itaú Unibanco and Banco Francês e Brasileiro and has contributed as director on entities such as Febraban and ABBC.

Maria Inês Vicente F. Pastori | Director of People and Culture

Maria Inês has been Director of People and Culture at Banco Fibra since April 2024. With more than 20 years of professional experience in the Human Resources area, she has been at Banco Fibra in leadership positions since 2012, having previously worked in companies such as Itaú-Unibanco and Banco Sudameris. She has a degree in Business Administration from Mackenzie, a Specialization in Human Resources Management from Fundação Getúlio Vargas (FGV), a Specialization in Internal Consulting – Consultoria Lumo Liderança Cultura e Mobilização and an MBA in Administration from the University of São Paulo (USP / ESALQ). She is a mentor in the “Nos por Elas” Mentoring Program for women, which aims to contribute to the personal and professional development of women who seek support in building their career or business. Co-author of the book ‘Internal Human Resources Consulting’.

Gustavo Deamo | Head of Products

Gustavo joined Banco Fibra on July 11, 2023. He holds a degree in Business Administration from ESPM (Escola Superior de Propaganda e Marketing) and an MBA in Banking from FIA (Fundação Instituto de Administração). He has more than 22 years of professional experience, having worked in the areas of Products, Design, Digital Channels, Strategic Planning, Business Management and Partnerships in companies such as Itaú Unibanco, Pic Pay and Liber.

Flavia Zahr | Head of Corporate Governance, Legal and Compliance

Flavia joined Banco Fibra in January 2014, leading the Legal and Compliance Team. In 2021, she also became head of the Corporate Governance area for Banco Fibra. She graduated from Law School from the Universidade Presbiteriana Mackenzie with a specialization in Corporate Law by FGV and another Specialization in Securities and Capital Markets by USP. With over 20 years of experience in the financial segment, she worked in ABN Amro Real Bank, Santander, Redecard and Itaú-Unibanco

Patricia Villas Boas Amaro | Financial Director

Patricia joined Banco Fibra in January 2023. She holds an MBA in Finance from INSPER, Innovation Counselor Certification from Gonew.co, specialization in Tax Law and a Law degree. With over 22 years of experience in the financial sector, she has worked for the French group BNP Paribas at Cetelem Bank and at American Express acquired by Bradesco, as well as other large companies such as Deloitte, Marsh McLennan and went through the fintech startup Pagaleve. Patricia also acts as a member of W-CFO Brazil and as a mentor in the “Nós por Elas” program.

Integrity Program

The Integrity Program, alongside our Code of Ethics and Conduct, provides guidance to our employees and service providers to identify conducts and situations which are unaligned with our ethical principles and might configure acts of corruption. Its goal is to prevent, detect and correct unlawful practices and is constituted by principles that guide its implementation and monitoring. Click here and watch the video that presents the guidelines of our Integrity Program.

Integrity Program Policy

Committed to the national and international initiatives preventing and combating corruption, especially Law n. 12.846/2013, known as the “Anti-corruption Brazilian Law”, Banco Fibra has an Integrity Program which stimulates an environment of ethical and responsible behavior. Click here and access the Integrity Program Policy.

Code of Ethics and Conduct

Banco Fibra’s Code of Ethics and Conduct defines the directives that must be followed by the professionals and service providers involved with the institution, seeking ever higher standards of conduct on our businesses and activities. It reflects the cultural identity and our practices in the markets that Banco Fibra acts. Its purpose is to orientate the conduct and decisions of managers, collaborators, and service providers whilst fulfilling their attributions. The Bank discloses its Code of Ethics and Conduct to all professionals acting on its behalf and the document is available both on the institutional web page and the Intranet.

Click here to read the complete version of our Code of Ethics and Conduct

Institutional Policies

Our institutional policies define the directives for the implementation of procedures and integrated and complementary controls that support our operational activities and businesses, so that we can achieve the best corporate management practices and risk mitigation. We highlight some of our main policies below:

Compliance

We have a Compliance Program that aims to ensure the adequacy, strengthening and operation of the institution’s control system, seeking comply with laws and regulations, as well as manage, together with the high administration, compliance risks.’

Our Compliance area is structured with three main fronts: (i) Regulatory Compliance, which aims to ensure compliance with all laws, norms, applicable regulations to this institution, as well as meeting the requests from Regulatory Bodies, centralizing all demands, in addition to be responsible for the progress of the Integrity Program; (ii) Compliance Prevention of Money Laundering and Combating Terrorism and the Proliferation of Weapons of Mass Destruction, which aims to prevent the practice of money laundering money, terrorist financing and weapons proliferation of mass destruction financing in carrying out our business in Brazil and abroad, in accordance with national legislation, as well as with the legislation in force in the countries where it operates; and (iii) Environmental, Social and Governance Compliance, which aims to manage the set of actions taken on the environment, society and corporate governance, whose principles guide the strategies defined by the Institution.

Click here to learn about the guidelines of our Compliance Policy.

Prevention of Money Laundering, Financing of Terrorism and Financing the Proliferation of Weapons of Mass Destruction

In accordance with the legislation and regulations in force, with regard to the Prevention of Money Laundering, Financing of Terrorism and Financing the Proliferation of Weapons of Mass Destruction and, in line with the best market practices, we have rigorous control mechanisms for the effective detection of the identity and activity of our customers, in addition to the identification of financial resources, origin and constitution of our patrimony.

We maintain a specific area, responsible for the management of that process, which carries out control actions and constant monitoring of operations and financial transactions.

Click here to learn about the guidelines of our Anti-Laundering Policy Funding, Terrorism Financing prevention and Proliferation Financing of Weapons of Mass Destruction prevention.

Internal controls

The Internal Controls area works to continuously improve the quality of organization’s control environment, helping the various areas in the mapping of its processes, identification and assessment of risks and controls. It also obtains and monitors action plans for process evolution and correction of identified operational failures. These sets of actions increase the predictability of processes and contribute to risk reduction operating conditions to which the institution is exposed.

Click here to learn about the guidelines of our Management Policy Operational Risk and Internal Controls.

Internal Audit

Reporting directly to the Board of Directors and supervised by the Audit Committee on their monthly meetings, the Internal Audit helps the institution reach its goals, adopting a systematic approach to evaluating and improving risk management, controls and the efficiency of corporate governance processes. Its three-year auditory cycle encompasses the auditing of products, processes, systems, areas and projects. Click here to access the Internal Auditing Policy.

Cybersecurity

In accordance with the applicable regulation and aiming to implement the best practices in the market, Banco Fibra has a Cybersecurity Policy. Click here to know its directives, which orientate the acceptable use of the institution’s information and/or technological assets, based on the principles of confidentiality, integrity, and availability.

Succession Planning

Supported on our Corporate Governance pillar, Banco Fibra has a Succession Planning Policy which defines the criteria for the identification of successors for high management posts, ensuring the quality of the process and the observance of the requirements of the Brazilian Central Bank. Click here to know this Policy’s directives.

Credit Transactions with Related-Party

In consonance with the best practices in the market and our commitment to transparency, Banco Fibra has a policy for Related-Party Credit Transactions, which has the primary goal of establishing and consolidating rules and procedures that must be followed on transactions involving Related Parties, in accordance with the applicable rules and regulations. Click here to know this Policy’s directives.

Privacy Policy

One of Banco Fibra's pillars is to ensure privacy and security while treating our clients’ personal data. Aligned with the precepts on the Brazilian General Data Protection Law (Lei Geral de Proteção de Dados - LGPD n. 13.709/2018) and other applicable regulations, we disclose how these personal data is treated, shared and stored in our Privacy Policy, that encompasses the governance and applicable directives of such treatment. Click here and know our Privacy Policy. Also, access here our Privacy Warning.

Corporate Governance Documents

Click here and access our Consolidated Bylaws.

Election of current Board members

Election of the current members of the Board of Directors

Complementary Documents

In this section, we disclose information related to the securities transactions in the Regulated Securities Markets.

Securities intermediary performance rules

Rules for selecting, hiring, monitoring and terminating investment advisers

Hired investment adviser list and compensation rules

Rules and procedures for transparency in the distributor’s compensation

Loss refund mechanism

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