The Brazil Securities Commission (CVM) announced that its President, João Pedro Nascimento, has resigned for personal reasons, ending his three-year term leading the authority. Nascimento took office on 18 July 2022, and the CVM noted that his tenure was marked by actions aimed at democratising and modernising Brazil’s capital markets. Under Article 6 of Law 6,385/76, the Presidency of the Republic will indicate a new nominee to lead the CVM. In the interim, the most senior director, currently Otto Lobo, will assume the president’s responsibilities, with further information to be released if needed.
Brazil Securities Commission (CVM) 2025-07-18
Brazil Securities Commission announces resignation of President João Pedro Nascimento and names Otto Lobo as interim head
João Pedro Nascimento has resigned as President of the Brazil Securities Commission (CVM) for personal reasons, concluding his three-year term. His tenure focused on democratizing and modernizing Brazil’s capital markets. Otto Lobo, the most senior director, will assume interim responsibilities until a new nominee is appointed by the Presidency of the Republic.