Ricardo Guimaraes Awarded for Contributions to the Brazilian Economy and Athletics

Ricardo Guimaraes received the award of the grand collar of legislative merit for his commitment to promoting the local Brazilian economy. The award was also an appreciation of his efforts and the support that he has extended to the Brazilian sports through personal involvement and funding by his BMG bank. Most importantly, he was recognized as one of the Brazilian investors that have continually stood with the Brazilian economy by investing heavily in the economy not just with his bank but also with several other personal investments.
Ricardo is the current president of the BMG bank, a family owned bank started by his grandfather in the 1930s. He joined the bank in 1980 and rose through the ranks learning and gaining experience to become its president. During his reign, he has initiated transformative innovations that have seen the bank rapidly raise its profitability levels and book a position among the leading banks in Brazil.
Contribution to Sports
Between 2001 and 2006, Ricardo served as the president of AtleticoMineiro, a club he has remained loyal to long after leaving active football management. It is during this time that he developed interests in football and athletics in general. Additionally, during this period that he founded the Ricardo Soccer BR1, a football inclined investment fund. As the president of BMG bank, Ricardo has led the bank to be the principal sponsor of several football clubs as well as other athletics and sports such as volleyball without bias. Currently, the bank is the leading financier to sporting activities in Brazil.
Economic contributions
Economically, Ricardo is constantly championing developments in the country through innovative strategies that he has instituted in his bank whose ripples are felt across the nation. For instance, he introduced payroll loans that have been the leading revenue contributors for his bank. This new bank product has been quickly picked up by other banks in the country that use BMG as their benchmark.
On entrepreneurship, Ricardo recently partnered with the British Institute of Research to fund a worldwide research carried out by Endeavour that compiled the entrepreneurial developments in different countries of the world. He released the research findings in Brazil stating that although the country managed an above average score, there remained so much to learn for the Brazilian youth. He observed that the country had a lot of visionary and creative entrepreneurs; they had to improve on pro-activeness. This kind of involvement and investment in Brazil is what earned him the award.

Reasons Behing the Success of BMG’s Marcio Alaor

 

Brazil has been developing rapidly in terms of economic advancement making it among the most top performing nations in the world. This has led to the development of many banking institutions in Brazil offering affordable banking services to the larger population. In a recent development strategy, the BMG Bank president announced the joint venture initiative with Itaú Unibanco in provision of new payroll loans to individuals. This is geared towards ensuring many people and customers of the bank are able to access financing through using payrolls as collateral. This was agreed upon after three days of discussion between the BMG Executive Márcio Alaor and Roberto Setubal the Chief Executive Officer of Itaú Unibanco. The newly formed company has not yet developed the operational framework but it is in the process of resuming operation soon. The company being a joint venture is to start operating with an initial capital of 1billion dollars and the Itaú Unibanco is said to benefit a lot by getting 70 % of the shares and BMG Bank retaining the remaining 30%.

Márcio Alaor is optimistic that the company will succeed in the provision of the services. This is after the Itaú Unibanco in conjunction with BMG Bank partnered in bringing together over three million people on board. The BMG president is optimistic that as the new commercial director of the joint venture will deliver the organization into a successful entity. The two companies are geared towards making the company the most successful through BMG Bank contributing 300 million dollars while Itaú Unibanco contributing the remaining 700 million dollars respectively.

The two entities have a rich profile when it comes to the capital and financial portfolio. Itaú Unibanco has over R $ 10 billion while BMG has accumulated over 29billion dollars. This will act as the best capital base towards the development of the joint venture. This was originally reported on the Otempo Economia. This is according to the information on Otempo.com.br.

Márcio Alaor has developed interest in other fields like the transport sector and he recently outlined the best performing airlines in the world. He acknowledges that plains are the fastest and safest mode of transport across the world.

As a result, he outlined 15 companies that have performed well in 2015. Qatar Airline emerged the best due to the good and comfort conditions of the airlines. The company has over 158 aircraft and operates in many parts of the world. They also offer transport services in Brazil and the surrounding cities.

Celebrating The Success And Position Of BMG In The Banking Sector

With the current soaring rate of competition, getting through the market has remained a challenge to many investors, especially those who are just beginning. Business is an area that calls for focus and dedication and this is something that many people have not been able to display. It is not difficult to succeed if one gets the right information about running a business. Knowledge is necessary for one to run a successful business and this is what many people have not been able to display. If some tasks prove difficult, it is necessary to hire professional assistance as this can offer great relief to most problems in business. BMG has been a big example of those businesses that have been able to master the market and to adjust accordingly with changes. They have influenced the banking sector in Brazil and beyond in many ways.

Getting modern technology into play is one of the things that can offer business stability. BMG has been able to offer some of the best systems for the execution of different tasks. They have installed a whole new system that allows customers to access their banking information from mobile devices. In this, they have been able to also offer online access, something that has also eased the execution of duties within their premises. BMG is also preferred by many for maintaining honesty and hiring professionals with the right experience to easily handle customer needs and deliver in time. They have the best staff and they are always considerate to ensuring customers receive the best service possible.

Leadership is also one of the things that have allowed BMG to emerge successful. They have great minds in the leadership positions, professionals who have been in the banking sector for years hence understand how to handle different issues. Marcio Alaor is one of the most celebrated persons in the history of the bank and his leadership has been key to offering solutions to different problems. Marcio Alaor has worked with the hiring department to ensure BMG only accepts dedicated professionals who are able to offer reliable services to customers.

On matters concerning taking care of the welfare of the society, Marcio Alaor has ensured the company offers programs for cleanings and supporting sporting activities. In this bid, many young people have been able to nurture their talents through the programs BMG has put in place with the help of Marcio Alaor.