PhD in Economics from the University of Chicago, MSc in Economics from the Fundação Getulio Vargas and holds a degree in Naval Engineering from the Universidade Federal do Rio de Janeiro. He began his career in 1984, in the Engineering Department and in the Operations Board from Flumar S.A. Navegação.
He was a professor of Master's degree of the Fundação Getulio Vargas, before integrating the staff of the International Monetary Fund, where, from 1992 to 1999, he held positions in the departments of the Western Hemisphere, European I and of Research.
From 1999 to 2000, he worked as a guest economist at the European Central Bank. In 2000, he was appointed assistant secretary of Economic Policy of the Ministry of Finance of Brazil, and, in 2001, chief economist of the Ministry of Planning, Budget and Management.
In January 2003, he was appointed secretary of the National Treasury, where he worked until 2006, when he assumed the vice presidency of Finance and Administration of the Inter-American Development Bank (IDB) in Washington D.C.
He was Treasury secretary of the state of Rio de Janeiro from 2007 to 2010, after the achievement of the investment grade by the State.
Between 2010 and the end of 2014, he was chief strategist and CEO of the asset manager of Banco Bradesco, BRAM, leaving the company after being invited to be Finance Minister, a position he held during 2015.
He became a Chief Finance Officer (CFO) of the World Bank in February 2016. In the period in Washington D.C., he supervised the Bank's financing in the market (US$ 50 billion per year), the program for renewal of resources of US$ 75 billion for IDA (the bank’s fund for lower-income members) and the capital increase of US$ 7.5 billion of the IBRD, dedicated to middle-income countries. In such position, he also strengthened the bank’s risk area and accounting, and continued to devote himself to financial innovation, mainly in the area of infrastructure, and corporate responsibility regarding the environment, social action and governance (ESG), raising the profile of the bank as an issuer engaged with these themes. He still represented the bank in the G20 ("sherpa" in the group of heads of State), in the Financial Stability Board (FSB), encompassing central bankers and other G20 regulators, and in the Development Forum, encompassing the international insurance industry.