Financial services
Brazil has experienced sustained growth in recent years, bolstered by a strong export-led economy, healthy external accounts, moderate inflation, decreasing unemployment and reductions in the debt-to-GDP ratio. The financial sector is secure and provides local firms a wide range of products, despite some of the highest interest rates anywhere in the world.
The largest financial firms are Brazilian (the two largest banks are state-owned), but US and other foreign firms have an important share of the market. Having gone through the difficult years of the 1970s and 1980s, Brazilian professionals have developed an unmatched agility and innovative capacity. The Brazilian Payment System (SPB) is among the most sophisticated, efficient and reliable in the world. Electronic payments have been made in the country for over 50 years and Brazil is one of the few countries in which inter-banking fund transfers can be made electronically in real time. The country provides technological solutions that are benchmarks in banking automation, internet banking, operations via mobile phone, ATMs, serving Brazilian giants as well as over 100 international banks.
The most recent far-reaching project involving banking operations is an authorized direct debit (DDA), a system that allows all payments to be received electronically by the banks that serve individuals and corporations. Besides saving paper and postage, DDA offer benefits in terms of speed and security. The implementation of the system once again confirms Brazil’s position as a pioneer and a global reference point in business-related technology solutions for the financial services sector. Brazil’s Stock Market and Commodities Exchange (BM&F Bovespa) is a leader in Latin American equity and derivatives, and an international financial centre trading shares, commodities and other financial instruments.
The financial market is highly demanding and needs solid expertise. Hays Executive’s Financial Services recruitment expertise spans the entire banking and financial services sector. Our knowledge of these specialised industries allows us to consistently match the right candidates with the best top jobs. Whether you are looking to take your next career step, or you are looking for talented banking and financial services executives, our worldwide network of offices will provide you with the best recruitment experience. We recruit senior and top management in Asset Management, Consumer and Commercial Banking, Financial Services, Global Markets, Hedge Funds, Insurance, Investment Banking, Capital Markets and Alternative Investments, Private Equity, Real Estate and Wealth Management.
