🪙 Assets Under Management

The largest asset manager in Brazil is a 1808-founded state affiliate.

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Latinometrics
June 16, 2025 • Reading Time: 2 minutes

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In 1808, King João VI founded Brazil’s first bank, the aptly-named Banco do Brasil. Thirteen years later, it went bankrupt when the monarch returned to his native Portugal, taking with him some of the bank’s assets.

Luckily, two centuries later the bank is in much better shape. Today, this state-controlled bank is the second-largest banking institution in all of Latin America—as well as the largest asset manager in Brazil.

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