Finance
Inter Taps Alexandre Riccio to Lead Brazil Operations
- Joao Vitor Menin to retain global CEO role from Miami
- Lender has ramped up advertising spending in Florida market
Inter & Co. named Alexandre Riccio the digital bank’s Brazil head with current Chief Executive Officer Joao Vitor Menin focusing on the group’s global expansion.
Riccio, who has been at the Brazilian bank for more than 10 years and was most recently senior vice president based in Belo Horizonte, will formally take over the local operations, according to a regulatory filing. Menin will continue to hold the global CEO role to oversee Inter’s operations abroad from his base in Miami.