Death Announcement – Carlos Langoni, director of FGV CEM

It is with extreme sadness that the Fundação Getulio Vargas (FGV) announces the death of Professor Carlos Langoni, director of the FGV’s World Economic Center (FGV CEM). He died on 13/06/2021, as a result of complications from Covid-19.

Born on July 24, 1944, Langoni was involved with Fundação Getulio Vargas since childhood, having been a student at Colégio Nova Friburgo, joining the institution at the age of nine. He graduated in Economics from the Federal University of Rio de Janeiro (UFRJ) and in 1970 he became the first Brazilian to obtain a doctorate in economics from the University of Chicago,

In the 1970s, he began teaching at the Graduate School of Economics at the Brazilian School of Economics and Finance (FGV EPGE) and in 1973, at the age of 29, became director of the school. During his tenure, in 1975, he started the first doctoral program in Economics in the country, creating the conditions that made it possible for FGV to have, for the first time, a group of full-time professors.

In August 1979, Langoni took over as Director of the Banking Area of the Central Bank. During this period, he created the Special System for Settlement and Custody (Selic), one of the first systems in the world to ensure the virtual settlement of transactions involving government bonds. In January 1980, he became president of the Central Bank of Brazil, remaining in the post until September 1983.

In 1985, he was appointed as Director of the Center for International Economic Studies at the Graduate School of Economics. In a private capacity, he was Chief Executive Officer (CEO) of the NM Rothschild group in Brazil between 1989 and 1997. Throughout his life as a public figure, despite some interruptions, when he was serving the nation, Carlos Langoni has always been connected to FGV, becoming one of the institution's great figures.

FGV offers its most sincere condolences and solidarity to family and friends.