The story of how BMG grew into a financial powerhouse is really quite astonishing. Founded in 1930, the bank seemed like any other South American bank during its early years. However, it had one advantage which many of its competitors did not have. BMG was able to cultivate an amazing amount of loyalty from its regular customers. It was very rare for a person to close their account at BMG and go to a competing bank. It hardly ever happened. This meant that the bank only continued to grow in size as the decades went by. Customers have remained incredibly loyal despite all of the other banking options that are currently available to them in Brazil.
The management of BMG has always known that the one certain way to stay one step ahead of the competition is to always hire the best and brightest minds. This means grabbing them soon after they graduate college and preparing them for important positions in the company. BMG has also been known to steal away key executives from other banks around the world by offering them more attractive salary and benefits packages. This strategy has worked out beautifully for the bank during the many decades of its existence.
Marcio Alaor is one of those bright minds that was previously alluded to. He has done a great job of guiding BMG to unprecedented heights during his tenure as Vice President and Director of the bank. His wisdom and leadership have enabled the bank to achieve a level of profitability that would have never been thought possible a decade ago. The leadership style of Marcio Alaor is much different than many of his contemporaries in the banking industry. It is common for banks to leave things alone if they are working and making money. However, Marcio takes the opposite approach. He always strives to make bigger and bolder moves to increase profitability. He is willing to do this even if the current business model being used by the bank is not showing any problems. Thinking towards the future has made him a visionary in the banking world.