Category Archives: Lawyer/Educator

Banco BMG under Ricardo Guimaraes

The article “BMG makes changes in the bank’s direction”, discusses the new management takeover in the Banco BMG. The bank entered into a new collaborative venture with the Itau Unibanco to take the bank towards a new direction. The new venture would remove the Pentagna Guimaraes family from the management to the shareholder’s council. The Pentegna Guimaraes family will concentrate with the shareholder’s council and let the professionals take over the management of the company. The new venture would also see the bank double its payroll portfolio while also eliminating the products that are of no value to the institution’s business operations.

Among the new changes, including the removal of the owner, Flavio Pentegna Guimaraes as the board chairperson. The former trade minister and Brazilian Federation of Banks Mr. Alcides Lopes Tapias would occupy the position of the board chair. Ricardo Annes would pass the position of the executive presidency to Antonio Hermann. Mr. Antonio served as the president of The Brazilian Association of Banks, director of Febraban and Acrefi. With these new changes, the BMG is in the right direction towards maintaining its leadership position in payroll lending.

The new management in place has made it their priority to ensure that they maintain the BMG’s top position and even improve the institution’s position in the region. What remains before the implementation of these changes is the approval of both Mr. Antonio Herman and Mr. Alcides Lopes Tapia by the shareholder’s council.The new management would seek new strategies for attaining bigger payroll loan portfolio.

About Ricardo Guimaraes

Many people would only know Ricardo Guimaraes as the Banco BMG’s president and heir. What most would not know is that Ricardo also has a big interest in mining where he continues to make fortunes like other mining businesspersons. Ricardo Guimaraes is Flavio Pentegna Guimaraes’ son and has worked in the Banco BMG since 1998. Since 1930 when his grandfather established the Banco De Credito Predial, the family has maintained links with the financial sector.

Under Ricardo Guimaraes, the bank moved from an average family business to a market leader in payroll loans and personal loans in Brazil. Ricardo Guimaraes utilizes the lean structure in his business dealings when closing important business deals. He also aims to minimize the interest loans while also ensuring low delinquency. His business insight has ensured that Banco BMG remains on top and the current management takeover is Ricardo’s strategy of ensuring his dream for the institution lives on even after his demise.

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Constitutional law has always been preserved for the chosen few. However, the constitutional lawyer, Sujit Choudhry is changing this by making it available online.

About the center for constitutional transitions

The Founder Director of The Center for Constitutional Transitions is Sujit Choudhry.This body ensures that any constitution which is drafted and adopted globally is transparent. The organization does this by making sure that the transition of enacting the constitution is successful and it can be accessible to any expert for research.In essence,it can assemble NGO’s, think tanks, multilateral organizations and universities to research constitutions to come up with results that will enlighten practitioners.

The idea of forming this body came from the premise that whenever a constitution is enacted,there is always a loophole on where the research was generated.Most practical experts never know how governments come out with some salient points that form areas of various laws.

Thus the role of this organization is to ensure that there is enough information regarding the transition of the constitutions. They do this by coming up with a team of international experts who produce open and transparent practical data on the constitutions.

Constitution work is an ongoing project which never ends. It’s fascinating to know that since 185 new constitutions have been laid down worldwide since 1978. There are always some laws being drafted, enacted or even amended and this keeps Sujit Choudhry busy throughout the year.  Head over to this.

In addition to ensuring that information about various laws is available to experts, the visionary leader also makes sure that it is available online in different languages.

Although Sujit Choudhry’s research begun in Canada, he now aims to change the history of constitutionalism. He has done this by ensuring that he communicates effectively to the people you work with. Being cost effective, opportunistic, entrepreneurial and dexterous has helped him in expanding his organization.   Read this interesting article on here.

About Sujit Choudhry

Sujit Choudhry is a world renowned authority on comparative constitutional law and politics.He has advised various governments about the constitution building process.  Read Choudhry’s blogs, visit

Currently, the professor is the I. Michael Heyman Professor of Law at the University of California, Berkeley-School of Law, where he also worked as a Dean. He has also been the Scholl Chair at the University of Toronto and the Cecilia Goetz Professor of Law at New York University. More on