Career
Francisco da Costa e Silva started his career as an in-house counsel at the Brazilian Development Bank (BNDES), in 1974. During his career at BNDES, he held various positions, including being the Head of the Legal Department at BNDESPAR, superintendent of several areas (financial, capital markets, administrative, and international) and Executive Officer at BNDESPAR and BNDES. He was also a member of the Boards of Directors at BNDES Pension Fund (FAPES) and of the Rio de Janeiro Stock Exchange. Later, he served as Commissioner and Chairman at the Brazilian Securities and Exchange Commission (CVM).
He was also a member of the Comissão da Moeda e do Crédito (COMOC), an advisory body of the National Monetary Council. He also presided the Council of Securities Regulators of the Americas (COSRA) and was a member of the Executive Committee of the International Organization of Securities Commissions (IOSCO) and a member of the Boards of Directors at various companies, including Banco do Brasil, Vale and Cielo.
Personal
He holds a Bachelor of Laws from the Universidade do Estado do Rio de Janeiro (UERJ) and an Executive MBA from the Universidade Federal do Rio de Janeiro (UFRJ). He has been a professor of Commercial Law at UERJ, and at the Institute of Public Law and Political Science at Fundação Getulio Vargas (FGV). He has also been a lecturer at various other bodies, including the Universidade de São Paulo (USP), PUC-Rio, Universidade Mackenzie, the States of Rio de Janeiro and São Paulo Judge’s Schools, IBMEC and Instituto Brasileiro de Governança Corporativa
(IBGC). He is currently a member of the Câmara de Arbitragem do Mercado (CAM), which is associated to B3, of IBGC, as well as of the Supervision Council of the National Association of Securities Analysts (APIMEC). He has also been acting as president of all Petrobras shareholders’ meetings for the past six years.
