Armínio Fraga Neto (born 20 July 1957, in Rio de Janeiro) is a Brazilian economist who was president of the Central Bank of Brazil from 1999 to 2003.[1] From 1993 until his appointment to the Central Bank, he was Managing Director of Soros Fund Management in New York. Since 2001, he has been a member of the influential Washington-based financial advisory body, the Group of Thirty.[2]
Fraga received his PhD in economics from Princeton University in 1985.
In 2003, he founded the Rio de Janeiro based investment company, Gávea Investimentos.
Fraga has been called the Alan Greenspan of Latin America for his skillful handling of Brazilian monetary policy during his tenure as CBB president.[3]
Fraga worked for both Fernando Henrique Cardoso governments.
In 2009, Fraga served on the High Level Commission on the Modernization of World Bank Group Governance, which – under the leadership of Ernesto Zedillo – conducted an external review of the World Bank Group's governance.[4]
In October 2010, Gávea Investimentos was acquired by Highbridge Capital Management, a subsidiary of J.P. Morgan Asset Management.
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