Banker eyed for economic team

By our correspondents
April 17, 2016

BRASILIA: Brazil's Vice President Michel Temer is considering a senior executive at Goldman Sachs Group Inc and an experienced money manager as candidates to join his economic team should he take over the presidency in coming weeks, two people familiar with the matter told Reuters on Friday.

Paulo Leme, the chairman of Goldman Sachs in Brazil, may be picked to serve as finance minister or central bank chief, said the sources, who asked to remain anonymous because the selections are still under consideration.

The sources added that Luiz Fernando Figueiredo, a former central bank official and founder of asset manager Mauá Capital, could be tapped as Treasury secretary or for the central bank.  "They are two economists whose names have been brought up in discussions but that does not mean they will be part of the team," said one of the sources. "It's still being decided whether to tap a team of prominent people or technocrats to run the economic team."

The sources declined to say whether Leme or Figueiredo had been directly contacted by Temer.

Leme, who for years was Goldman's chief Latin America economist, did not respond immediately to calls and messages seeking comment. Figueiredo did not respond to an email or calls to his Sao Paulo office.

Temer, the head of the Brazilian Democratic Movement Party (PMDB), could become Brazil's next leader in coming weeks. The lower house of Congress will vote on Sunday on whether President Dilma Rousseff should be impeached for breaking budget laws, a vote that the leftist leader is widely expected to lose.