Low pay for private banking market and high employee turnover that management doesn't seem to care about at all. Low diversity with all employees being basically Brazilian with temporary US visas and some even with US passports and most others are Spanish speaking Hispanic Americans. Basically nobody is Anglo American with US upbringing or even US work experience. This is a typical government company with a foreign management team made up of only Brazilian expats who are unresponsive to US market conditions and even they own high net worth clients. All they care about is what the upper management measures down in Brazil. Management also doesn't seem to know some key values of American corporate environment or even some of its basic labor regulations. For instance, employees are not welcomed to give improvement ideas which are usually considered "criticism" by the Brazilian management who don't seem to think that lower level staff can actually "think" of anything useful. There is also signs of possible cronyism with various key roles in the company being occupied by friends or family relations of other Brazilian members of the main company's management team. US-based employees can never be transferred to or be employed by Banco do Brasil in Brazil because they must be hired locally in Brazil as public servants via national examinations. Lastly, only Brazil-based staff seem to be able to become general managers even in foreign operations outside of Brazil.
