Draft:Daniel Vorcaro
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Daniel Vorcaro | |
|---|---|
 Daniel Bueno Vorcaro | |
| Born | Belo Horizonte, Brazil |
| Alma mater | Instituto Brasileiro de Mercado de Capitais (IBMEC) |
| Occupation(s) | Businessperson and investment banker |
| Known for | CEO of Banco Master |
Daniel Bueno Vorcaro is a Brazilian investment banker and businessman born in Belo Horizonte.[1] He is known for investments in companies in Brazil, particularly in the healthcare, retail, and technology sectors and involvement in Brazilian football.[2][3]
Early life and education
[edit]Daniel Vorcaro was born in Belo Horizonte, Brazil. He holds an MBA from the Brazilian Institute of Capital Markets (IBMEC), completed in 2007. His education also included attending the Fundação Torino, an elite school in Belo Horizonte, which encouraged entrepreneurship. [4]
Career
[edit]Banco Master
[edit]In 2018, Daniel Vorcaro assumed the presidency of Banco Master. Under his leadership, the bank changed its name from Banco Máxima to Banco Master and expanded its operations, including the creation of an investment brokerage. Additionally, Vorcaro founded Banco Master of Investment and holds a stake in Kovr Seguradora.[5]
The bank expanded its operations, occupying four floors in the Pátio Victor Malzoni building on Avenida Faria Lima in São Paulo. Later, Vorcaro announced the relocation of operations to a larger building, aiming to centralize all activities in one place.[4]
Investments in Biomm
[edit]Vorcaro is the largest shareholder of Biomm, a pharmaceutical company from Minas Gerais that saw its shares rise 67% on the stock exchange after announcing an agreement to bring a similar to the medication Ozempic to Brazil starting in 2026. Additionally, Vorcaro will have a seat on Biomm's board and has nominated Pedro Mesquita, former head of XP's investment bank, to join the board.[6]
Restructuring of Veste S.A. Estilo
[edit]In 2022, Vorcaro acquired a stake in Restoque, now renamed Veste S.A. Estilo. Through WNT Capital, he supported the conversion of R$ 1.6 billion of debt into equity and approved a capital increase of R$ 100 million to finance store renovations.[7][8]
Other interests
[edit]In 2023, Vorcaro became an investor in Brazilian football club Atlético-MG, [3] with an initial investment of R$ 100 million in the club's Football Anonymous Society (SAF). [9] In 2024, he increased his investment to R$ 200 million, raising his stake to 20.2% of the shares. [10] Consequently, he joined the club's football committee. [2]
Banco Master began operating outside Brazil, with the opening of an office on Brickell Avenue, in Miami. Vorcaro's strategy included issuing CDBs at rates higher than those practiced in the market, a strategy that generated debate and criticism in the financial sector due to the high risk involved in the operations.[4]
References
[edit]- ^ "No Master, um 'outsider' começa a fazer barulho". Brazil Journal (in Brazilian Portuguese). 23 December 2021. Retrieved 3 July 2024.
- ^ a b "Investidor do Atlético, Daniel Vorcaro se torna conselheiro grande-benemérito". Rádio Itatiaia (in Brazilian Portuguese). 1 May 2024. Retrieved 3 July 2024.
- ^ a b "Saiba quem é o banqueiro que será investidor da SAF do Galo, além dos 4Rs". www.otempo.com.br (in Brazilian Portuguese). Retrieved 3 July 2024.
- ^ a b c "Os negócios de alta tensão de um banco - revista piauí". revista piauí - _pra quem tem um clique a mais. 23 October 2024. Retrieved 24 October 2024.
- ^ "Banco Máxima revê foco e passa a se chamar Master". Valor Investe (in Brazilian Portuguese). 29 July 2021. Retrieved 31 July 2024.
- ^ "Banqueiro acionista da Biomm terá assento no conselho da farmacêutica". pipelinevalor (in Brazilian Portuguese). 21 April 2024. Retrieved 3 July 2024.
- ^ Vitória, Folha (19 December 2022). "Restoque aumenta capital com aporte de R$ 100 mi e muda o nome para Veste". Folha Vitória (in Brazilian Portuguese). Retrieved 3 July 2024.
- ^ "Restoque aumenta capital, muda de nome e agrupa ações para crescer mais rápido". Brazil Journal (in Brazilian Portuguese). 14 December 2022. Retrieved 3 July 2024.
- ^ "SAF do Atlético-MG: fundo que aportará R$ 100 milhões será formado pelo Banco Master; veja detalhes". ge (in Brazilian Portuguese). 24 July 2023. Retrieved 3 July 2024.
- ^ "SAF do Atlético-MG ainda aguarda R$ 200 milhões do Fundo Galo Forte cair na conta; entenda". ge (in Brazilian Portuguese). 11 March 2024. Retrieved 31 July 2024.