Brazilian cb monetary policy head resigns

Brazilian central bank director Rodrigo Azevedo resigned as chief of monetary policy, citing an interest to work outside of government, Bloomberg reported Wednesday 11 April, citing a statement.

Central bank president Henrique Meirelles named Mario Gomes Toros, a fund manager and a former vice president at Banco Santander Brasil SA, a unit of Santander Central Hispano SA, as Azevedo's replacement, according to the bank.

Azevedo was appointed to his post in July 2004.

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