Fernando Haddad has appointed former investment banker Gabriel Galipolo to the role, according to Reuters.
Galipolo was chief executive of Banco Fator and since leaving that organization he has advised a number of schemes through his own consultancy company.
Meanwhile, president-elect Luiz Inacio Lula da Silva (Lula) has appointed Aloizio Mercadante to run development bank BNDES.
Mercadante was Lula’s chief of staff between 2014 and 2015, when Lula was last president, and was also a founder of the Workers’ Party.
Earlier this week, former Sao Paulo Mayor Fernando Haddad was appointed to become Lula’s finance minister, having helped draft P3 regulations as an advisor to the premier during his previous time in office.