Central Bank orders liquidation of managers linked to Master case

The Central Bank determined on Thursday the extrajudicial liquidation of Trustee Distribuidora de Títulos e Valores Mobiliários, which managed funds linked to the Banco Master scandal, and of Banvox Distribuidora de Títulos e Valores Mobiliários, also linked to Daniel Vorcaro's bank. The decision was made based on the existence of serious violations of the legal norms that govern the activities of financial institutions. The Central Bank stated in a communiqué that the declaration of extrajudicial liquidation was motivated by these irregularities. The two managers have low market presence, together representing less than 0.001% of the total adjusted assets of the National Financial System and 0.76% of the third-party resource management volume.