Safra Names Brazil Exchange Vet Castro CIO
Castro has more than 25 years of experience in systems development, markets infrastructure technology and exchange market data.
Brazilian banking group Safra has hired Marcio Castro as CIO, responsible for systems development across all its business functions, including brokerage, investment banking, treasury and asset management, as well as retail banking channels.
Castro was previously IT director at Brazilian exchange B3 (formerly BM&F Bovespa), prior to which he held CIO roles at Brazilian clearinghouse Cetip, XP Investments, and electronic payments platform Redecard, and was director of operations at Interactive Brokers in Brazil.
Before that, he spent nine years at BM&F Bovespa in various roles, including CTO and IT officer for trading and market data systems. During this period, he also served as co-chair of the Latin America sub-committee of standards body FIX Protocol Ltd (now FIX Trading Community).
Before joining the exchange—where he also worked as a project manager between 1999 and 2000—he was a treasury systems consultant at BankBoston, was professional services director at SunGard Treasury Systems, head of strategic development at the short-lived Australian Derivatives Exchange, and spent six years at IBM as a senior services specialist.
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