Overview
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Previ (Caixa de Previdência dos Funcionários do Banco do Brasil)'s pension assets support retirement benefit obligations for plan participants.2
Investment program
- Estimated AUM
- $45B as of Dec 31, 20253
- Capital pool
- Closed complementary pension fund2
- Investment model
- PREVI manages exclusive funds internally, with BB Asset co-management for Previ Futuro and Previ Família. Its investment policies are updated annually and portfolios are adapted to economic scenarios.3
- Investment approach
- PREVI describes a long-term, participant-focused approach that adapts portfolios to economic scenarios while reconciling profitability, sustainability, and social responsibility. Its lifecycle profiles reduce risk as participants approach retirement.3
- Spending support
- Not listed yet
- Spending policy
- Not listed yet
- Asset allocation
- For 2025, Plano 1 allocated 69.27% to fixed income, 22.35% to variable income, 0.65% to foreign investments, 5.37% to real estate, 2.67% to participant operations, and -0.31% to derivatives. Previ Futuro allocated 68.74%, 12.97%, 2.43%, 3.99%, and 10.19% respectively across fixed income, variable income, foreign investments, real estate, and participant operations.4
- Performance
- Not listed yet
- Governance
- Aqui estão resumidos os principais destaques do Relatório Anual, produzido de acordo com as normas da Global Reporting Initiative (GRI) e do Sustainability Accounting Standards Board (SASB).3
- Investment team
- Paul O'Brien (USA) Trustee Wyoming RS ex-Deputy CIO, ADIA ex-PM, Morgan Stanley PhD Minnesota, SB MIT Stephan Schubert (Abu Dhabi) P.2
- Unfunded commitments
- Not listed yet
- Source freshness
- Last verified Jul 21, 2026 · Needs review
Sources
Last verified Jul 21, 2026 from public career and organization materials.
Fact notes
- Website (globalswf.com)Parent organization overview · checked Jul 25, 2026
- Website (previ.com.br)Pool purpose, Capital pool, Investment team · checked Jul 25, 2026
- Website (relatorio.previ.com.br)Estimated AUM, Investment model, Investment approach, Governance, Investment office page · checked Jul 25, 2026
- Financial statements (relatorio.previ.com.br)Asset allocation · checked Aug 6, 2026
Reports and filings
- For 2025, Plano 1 allocated 69.27% to fixed income, 22.35% to variable income, 0.65% to foreign investments, 5.37% to real estate, 2.67% to participant operations, and -0.31% to derivatives. Previ Futuro allocated 68.74%, 12.97%, 2.43%, 3.99%, and 10.19% respectively across fixed income, variable income, foreign investments, real estate, and participant operations.Financial statements · checked Aug 6, 2026
Profile and job sources
- Website (previ.com.br)Website · checked Jul 25, 2026
- Website (previ.com.br)Website · checked Jul 25, 2026
- Website (relatorio.previ.com.br)Website · checked Jul 25, 2026
- Website (globalswf.com)Website · checked Jul 25, 2026
- Primary job/profile sourceJob posting · checked Jul 21, 2026