With Luiz Fukunaga, Previ has a unionist president again after 13 years

Unionist João Luiz Fukunaga, 39, took over the leadership of the largest pension fund in Latin America, Previ, on the last 24th.

Fukunaga is the first trade unionist to head the fund since 2010, when Sergio Rosa left office, and his management succeeds that of a series of technical names at the head of Previ (see below).

According to the fund, which manages the resources of Banco do Brasil employees, Fukunaga had his name approved by the National Supplementary Pension Superintendence (Previc), after being nominated by BB.

His term runs until May 31, 2026.

The fund is responsible for managing approximately R$200 billion and has nearly 200,000 participants.

An employee of the institution and a member of Previ Futuro since 2008, Fukunaga holds a degree in History and a master’s degree in Social History from PUC-SP. He began his career as a high school teacher and also worked as a researcher, having carried out several academic productions in the field of education.

In January 2022, he was chosen by the National Confederation of Financial Workers (Contraf), an entity that brings together the largest unions in the country, for the position of Union Auditor, acting in negotiations between employees and the bank’s management, highlights Previ.

In 2012, the trade unionist had assumed the leadership of the São Paulo Bank Workers Union, and was national coordinator of the BB Employee Negotiation Commission. During this period, he accumulated experience in the entity’s main management functions, says Previ.

When contacted, Previ informed that Fukunaga complies with all the requirements to run for a management position in the company. One is being associated with her for over ten years; another, having experience in the finance area — both ensured by working at BB.

According to the press office, the requirements are:

1) have proven professional experience of at least three years in the exercise of activities in the financial, administrative, accounting, legal, inspection, actuarial, social security or audit areas;
2) not having suffered an administrative penalty for violating social security legislation, including supplementary social security, or as a public servant;
3) not having suffered a final criminal conviction;
4) have an unblemished reputation;
5) obtain certification issued by an autonomous entity, within the deadlines established in the Instruction;
6) have a fixed residence in Brazil, for members of the Executive Board.

Past presidents:

– Daniel Stieler (2021 to 2023)

When he took over, he had been a BB employee since the 1980s. He was an executive manager in the Accounting Department and director of Controlling at BB. Before assuming the leadership of Previ, he held the position of superintendent director of Economus, the pension fund of Nossa Caixa, which was acquired by BB in 2009.

He holds a degree in Accounting from the Federal University of Santa Maria (RS) and post-graduate degrees in Financial Administration and Auditing, both from Fundação Getúlio Vargas (FGV), in addition to an MBA in Accounting from the University of São Paulo (USP).

– José Maurício Coelho (2018 to 2021)

Also with a long career at Banco do Brasil, he helped to structure the capital markets area in the late 1990s and, more recently, in the creation of BB Seguridade. He was seen by the president of BB at the time, Paulo Caffarelli, as a technical professional with experience in complex negotiations.

– Gueitiro Matsuo Genso (2015 to 2018)

When he took over the fund, he was Director of Individual Customers at Banco do Brasil, where he had worked since 1985. He specialized in financial administration with an emphasis on finance for management at FGV.

– Marco Geovanne Tobias da Silva (interim from December 2014 to March 2015)

He assumed the presidency of the fund, of which he was director of investments, on an interim basis after the retirement of Dan Conrado. He has in his curriculum courses like Alternative Investment Management for Pension Funds at Wharton University of Pennsylvania. At Banco do Brasil, he worked in the areas of Finance, Technical Consulting, Investment Banking and Strategy, Marketing. He was a member of the Board of Directors of IBRI, Chairman of the Supervisory Board of Coelba, Director of IBEF-DF.

– Dan Conrado (2012 to 2014)

Bachelor in direct, he had been a career employee at BB since 1980, where he held the position of branch administrator, superintendent and was responsible for the integration of BB with Nossa Caixa, purchased from the São Paulo government in 2008. In addition, he served as a director for companies such as Weg, Celesc and Brasilprev.

– Ricardo Flores (2010 to 2012)

Before taking over the fund, in 2010, he held the position of vice-president of credit at Banco do Brasil. Considered a technical name for the function, he had a recognized role in increasing BB’s credit during the international crisis.

He accumulates experience as a member and also chairman of the board of directors of several companies, such as Nossa Caixa, Vale and others.

He also held the presidency of the National Federation of Capitalization Companies (FENACAP) and the vice-presidency of the Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies (CNSEG). Flores is an economist, with an MBA in Controllership and in Training for Senior Executives, both from the University of São Paulo, and has a specialization in Project Analysis and Elaboration.

– Sergio Rosa – (2003 to 2010)

A former union leader, Rosa remained in office for eight years, with a strong connection to the PT and direct dialogue with the Planalto Palace. She was president of Brasilprev after a spell at Previ, chairman of the board of directors of Vale