Marcio Alaor sits at the helm of Brazil’s biggest consigned credit provider. Looking at him now, it’s hard to believe that this man once shined shoes and is now a seasoned and successful banker, being the Vice President of Banco BMG.
Marcio has very highly regarded Administration skills and management talent. It seems inborn given how well he interacts with employees and investors of the bank. Thanks to his exceptional skills, Marcio has led the bank to a growth path that has seen it expand 17 times in the last decade.
Under his hawk eye, the bank has built an efficient and well-oiled team that has excellent qualifications and has established a reputation for hard work. The group has developed an extensive distribution network with 3000 branches and 50 000 workers across every municipality in Brazil.
In his tenure, Marcio Alaor has led the bank to partner with Banco Itau to create a new Payroll outfit called BMG ITAU PAYROLL. It is a bank expected to fill the demand for private credit in Brazil. The new partnership will not affect consigned credit provisions, and the series will grow. It will provide payroll loans and consigned credit will remain.
The new outfit has leveraged the best of BMG and Itau to create a $ 1 billion bank. The bank is leveraged 11 times and already has 8 million customers. The country has been graced with an unfortunate economic crisis that has seen it slide into recession.
Marcio regularly posts on a column in a leading newspaper in Brazil. He recently published an article on Australia where he said it is a country Brazil should look up to. It is a state that depends on commodities and has leveraged that to grow very fast. It has does this by working closely with changes in the international market and enacting relevant measures to stay relevant.
Australia regularly reviews its interest rates and controls inflation to cushion its local market. During the international crisis, it doesn’t tax small businesses. It has allowed it to post average annual growths of 2% since 2008 despite the worldwide crisis. The Brazilian economy is expected to shrink by 4.5% this year thanks to a corruption fuelled recession.
Marcio also describes General Motors as an example of a good IPO company. It had been on the stock exchange since 1915 when it got into the NYSE.Ford Motors launched its 1st IPO in 1956 and was oversubscribed. Marcio reveals nearly half of Americans have shares in the stock market.
Marcio is a fan of Tag Hueler watches. He loves the passion its CEO has for his brand. It is a brand that he has grown for many years, and Marcio says it’s how a business should grow.
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