Pedro Malan
Pedro Malan | |
|---|---|
| Born | 1943 Petrópolis, Rio de Janeiro, Brazil |
| Occupation(s) | Economist, politician |
| Years active | 1973–present |
| Known for | Minister of Finance of Brazil (1995–2002), President of the Central Bank of Brazil (1993–1994) |
Pedro Sampaio Malan (born 1943 in Rio de Janeiro) is a distinguished Brazilian economist who formerly held the position of Minister of Finance. He is also the father of journalist Cecília Malan.
Early life
Malan was born in 1943 in Petropolis, close to Rio de Janeiro. He pursued electrical engineering studies at the Pontifícia Universidade Católica do Rio de Janeiro. During his tenure at Rio’s Institute of Applied Economic Research, he encountered U.S. economist Albert Fishlow, who supervised his 1973 doctoral thesis in economics at the University of California, Berkeley. His dissertation focused on Brazil's Place in the International Economy. Following this, Malan spent several years working with various international organizations based in the United States until 1993.
Brazilian Central Bank
In 1993, upon the invitation of then-Finance Minister Fernando Henrique Cardoso, Malan returned to Brazil to assume leadership of the Central Bank. He held the office of President from September 9, 1993, through December 31, 1994.
Minister of Finance
From January 1, 1995, to December 31, 2002, Malan acted as Brazil’s Minister of Finance during President Fernando Henrique Cardoso’s administration. Prior to this role, he collaborated with Marcílio Marques Moreira under the Collor government to negotiate Brazil’s foreign debt with the International Monetary Fund. He is recognized for overhauling Brazil’s banking system and for protecting the national economy amid the 1997 Asian financial crisis. Additionally, Malan played a pivotal role in designing the effective economic stabilization strategy known as the Plano Real.
Member of Boards
Pedro Malan served as chairman of Unibanco’s Board from 2004 until 2008 and currently leads the International Advisory Board at Itaú Unibanco. He holds board memberships at EDP - Energias do Brasil (since 2006), a utility company, and Mills Estruturas e Serviços de Engenharia S/A (since 2010), a construction enterprise. Furthermore, he is a Trustee for the Thomson Reuters Trust Principles and participates as a member of the Temasek International Panel.
Previously, he was part of Souza Cruz S.A.’s Board, a subsidiary of British American Tobacco. In February 2015, he joined British American Tobacco p.l.c.’s Board as a Non-Executive Director and contributes to its Corporate Social Responsibility and Nominations Committees.