Pedro Malan

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Pedro Malan
Min Pedro Malan.jpg
Minister of Finance
In office
1 January 1995 – 1 January 2003
President Fernando Henrique Cardoso
Preceded by Ciro Gomes
Succeeded by Antonio Palocci
President of the Central Bank of Brazil
In office
9 September 1993 – 31 December 1994
Nominated by Itamar Franco
Preceded by Paulo César Ximenes
Succeeded by Gustavo Franco
Personal details
Born (1943-02-19) 19 February 1943 (age 74)
Petropolis, Rio de Janeiro, Brazil[1]
Alma mater Pontifical Catholic University of Rio de Janeiro[1]
University of California, Berkeley

Pedro Sampaio Malan (born 1943 in Rio de Janeiro) is a Brazilian economist and former Minister of Finance for Brazil. He is father of journalist and correspondent Cecília Malan, currently standing at Rede Globo.

Early life

Pedro Sampaio Malan was born in 1943 in Petropolis, a town named in honor of Dom Pedro II to the north of Rio de Janeiro. Malan was educated in a Jesuit school before studying electrical engineering at the Pontifícia Universidade Católica do Rio de Janeiro.

While working as a research associate at Rio's Institute of Applied Economic Research he first met the U.S. economics teacher Albert Fishlow, who would in 1973 be his adviser for his doctorate in economics from the University of California, Berkeley. His thesis was Brazil's Place in the International Economy.

Malan continued to live in the USA working for various multilateral agencies until 1993.[2]

Brazilian Central Bank

Malan returned to Brazil in 1993 at the request of the then finance minister Fernando Henrique Cardoso, who asked him to head the Central Bank. Malan was President of the Brazilian Central Bank, from September 9, 1993 to December 31, 1994.

Minister of Finance

Malan was the Minister of Finance for Brazil, from January 1, 1995 to December 31, 2002, during the presidency of Fernando Henrique Cardoso. Along with Marcílio Marques Moreira, Malan worked for the Fernando Collor de Mello administration as an official negotiator of the foreign debt of Brazil with the International Monetary Fund.[3] He is credited with successfully reforming the nation's banking system, saving Brazil from the negative effects of 1997's Asian market crisis.[2]

He was also one of the architects of the Plano Real.

Member of Boards

Pedro Malan is a former Chairman of the Board of the Unibanco bank (2004 – 2008) and continues to sit as Chairman of the International Advisory Board of Itaú Unibanco.

Pedro is currently a member of the Boards of utility company EDP - Energias do Brasil (since 2006) and construction and industrial maintenance company Mills Estruturas e Serviços de Engenharia S/A (since 2010). He is a Trustee of the Thomson Reuters Trust Principles and a member of the Temasek International Panel.

Pedro also served on the Board of Souza Cruz S.A, a subsidiary company of British American Tobacco, until his appointment to the Board of British American Tobacco p.l.c.

Dr. Pedro Malan was appointed to the Board of British American Tobacco p.l.c. as a Non-Executive Director in February 2015. He is a member of the Corporate Social Responsibility and Nominations Committees.


  1. ^ a b Ministry of Finance Website. (in Portuguese) Retrieved November 18, 2012.
  2. ^ a b Pedro Malan | Latin Trade | Find Articles at
  3. ^ A guerra eleitoral e o mercado na Internet

External links

  • Official biography from the Brazilian Ministry of Finance (Ministério da Fazenda).
Preceded by
Fernando Henrique Cardoso
Minister of Finance of Brazil
Succeeded by
Antonio Palocci
Preceded by
Paulo César Ximenes
President of Central Bank of Brazil
Succeeded by
Gustavo Franco
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