CVM appoints Otto Lobo as president with a term until July 2027

Traders Union
All News
Regulators News
Otto Lobo as president of the CVM

Highlights

The President of the Republic appoints Otto Lobo to head the CVM with an interim mandate until July 18, 2027, following approval by the Senate.
Otto Lobo, PhD in Corporate Law from USP and current director of CVM, has a distinguished career in corporate law and the capital markets.
The appointment brings leadership with regulatory experience, academic involvement, and a tenure at the National Financial System Appeals Council (2015-2018).

This article was translated from the original. Read the original version by our correspondent here.

Official appointment and career in the market

As reported by the Securities and Exchange Commission, the President of the Republic appoints Otto Lobo to head the regulatory body for the Brazilian capital market. The decision comes after approval by the Federal Senate and sets an interim term ending on July 18, 2027.

Graduated in Law from the Pontifical Catholic University of Rio de Janeiro, Otto Lobo also holds an LL.M from the University of Miami in the U.S., and a doctorate in Business Law from the University of São Paulo. At the CVM itself, he has served as a director from January 2022 to December 2025.

Regulatory impact and institutional experience

The appointment places at the head of the agency a professional with a background in corporate law, capital markets, and insolvency. Previously, Otto Lobo also served as a full member of the Board of Appeals of the National Financial System from 2015 to 2018.

In addition to his regulatory experience, he teaches Corporate Law and Capital Markets at FGV Direito Rio, the School of Magistracy of the State of Rio de Janeiro, and the Pontifical Catholic University of Rio de Janeiro. His work also includes roles as a lawyer, arbitrator, and legal opinion writer, as well as authoring books and articles and participating as a speaker at conferences in Brazil and abroad.

In our previous publication on the CJEU decision regarding IMT in corporate restructurings, we explained that the European court concluded that certain internal reorganizations of business groups — including transactions involving stakes in companies holding real estate — should not be subject to this tax. The text highlighted the potential impact in Portugal, by limiting the Tax Authority’s ability to demand IMT and by influencing ongoing litigation and arbitration over additional assessments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.