HOW TO BUILD GROW BMG WITH RICARDO GUIMARES

Ricardo Guimares is a man born to a business family and seeking to continue that reality. He has achieved a high level of success in a crowded field of banking.Guimares has grown his grandfather’s bank from a small bank to one of the largest in the country. It has increased 17 fold in less than a decade and today has a market capitalisation of $ 3 billion with an asset base worth R $ 29 billion.

 

Antonio Guimaraes founded Banco BMG in 1930.It was meant to serve primarily as a miner’s bank and served as a payroll processor for many decades. When Guimares took over in 2004, he expanded into the Personal credit sector. It was an area with low default rates. It is this that prompted him to start provisions for the cheapest form of consigned credit for Brazilians.

 

Today, Banco BMG has merged with Itau to create BMG ITAU PAYROLL. The new bank is expected to leverage the strengths of BMG with those of ITAU.BMG has an extensive distribution network and pioneered the use of USSD mobile banking in Brazil.Itau has this year posted impressive results with 36% increase in profits and its stock price up by 28%.

 

Ricardo Guimares is a big sports fan. He supported Clube Atletico Mineiro and served as its president for five years. During that time, he did his best and today is a club legend. Ricardo has also started a hedge fund that targets future players. It builds their brand and creates it to enable them to monetize the effort. It currently has R$ 20 million in funding and is growing fast.

 

Banco BMG is the leading sponsor of sports in Brazil.It sponsors over 100 teams in various divisions of the Brazilian league. It has posted the highest returns on a per dollar invested. More than any other brand. It recently announced Marcio Melo as the newest signing.Melo is expected to fly the banks colours high as he seeks more glory at the Olympics.

 

Soccer is big in Brazil, and over 70 million watch matches each weekend. It is a huge market that BMG gets access to every weekend.

 

Guimares is a Business Administration graduate. He has achieved a great deal of success thanks to his hardworking nature and relentless pursuit of perfection. He advises any brand that seeks a piece of the Brazilian market to hire the brightest and work hard. Visit wiki to know more.

From Shoeshiner To Food Court Namesake

When the town of San Antonio do Mount wanted to honor the great entrepreneur who helped it and its residents and workers to rise from the ashes like a Phoenix, it knew exactly whom to name. It chose to honor the great entrepreneur and BMG bank manager, Marcio Alaor. Not only did the city put Alaor’s name on the town square and a plaque in his honor, but in August of 2014, they dedicated a food court in his honor. A tribute to the man who helped his hometown, the San Antonio do Mount community, not only through financial direction but through the friendship and esteem from himself to the town, has positively impacted all who know him and who have been positively affected by his acts of service.

His work has benefited the city’s growth while addressing the local problems without selling out to political corruption. The chosen food court location was previously a grain warehouse, which a former mayor of the city has said is an appropriate metaphor for what Alaor has done to “feed” the hopes and dreams for the locale. Starting as a shoeshine boy, Alaor worked his way up to the position of Vice President of BMG Bank, and he is said to recognize the people who helped him throughout his life to get where he is today.

One of the biggest executives to come from Brazil, Alaor has not forgotten his roots, and his position has opened many doors for those in the city, including helping the city to become the largest milk producer in the Central West of Minas Gerais, in spite of the hardships inherent in the city. Alaor has also helped farmers through a union, and Alaor says that he values great friendships and not just the purchasing power. While he is glad to be alive to see the town grow and to be honored for his contributions in his lifetime, it is likely that he is even more gratified by the city’s achievements and the potential which will be realized in the years to come.