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ROBERTO EGYDIO SETÚBAL is an engineer by training. Like his father, Olavo Egydio Setúbal, he attended the Escola Politécnica, the most prestigious engineering university in Brazil, before following his footsteps into the family bank. In the 1970s, when engineers were qualifying into the bleak job market of Brazil’s contracting industrial base, Setúbal senior hired engineers to his small but growing bank in droves. Engineers spread throughout all the bank’s departments: the treasury, its control functions and the back offices.
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