Arminio Fraga

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Arminio Fraga
Occupation Economist
Occupation Founding Partner / CIO
Employer Gávea Investimentos
Location Rio de Janeiro

Arminio Fraga is a Brazilian economist.


Fraga serves as CIO of Gávea Investimentos, a Rio de Janeiro-based investment company he founded in August 2003. In October 2010, Gávea sold a majority interest in its capital to J.P. Morgan Asset Management, but remains independently run.[1]

Fraga served as chairman of the BM&FBOVESPA‏‎ board of directors from April 2009 to April 2013.[2][3]

He was the president of the Central Bank of Brazil from 1999 to 2002.

From 1993 until 1999, Fraga was managing director of Soros Fund Management. He is also a member of the influential Washington based advisory body, the Group of Thirty.[4]


Mr. Fraga has Ph.D. in Economics from Princeton University and a BA/MA in Economics from the Catholic University of Rio de Janeiro.[5]


  1. Profile. Gávea Investimentos.
  2. Brazil Exchange Names Ex-Central Bank Chief Fraga Chairman. Wall Street Journal.
  3. BM&FBOVESPA S.A. Announces New Board Of Directors. Mondo Visione.
  4. Arminio Fraga. Group of Thirty.
  5. Arminio Fraga Neto. World Economic Forum.