Early life and career beginnings Daniel Vorcaro was born in
Belo Horizonte,
Minas Gerais, the son of Henrique Vorcaro, a real estate broker, and grandson of Serafim Vorcaro, an Italian immigrant and
Protestant pastor. The family is associated with the
Lagoinha Baptist Church. The business was subsequently sold following reports of management conflicts. In partnership with the Conte brothers, he obtained regulatory approval for the transfer of control in 2019, and in 2021, the institution was rebranded as Banco Master. In 2023, he invested in the
Football Corporation (SAF) of
Clube Atlético Mineiro.
Operational strategy and Banco Master expansion During Vorcaro's management, Banco Master saw significant growth: between 2019 and 2024, its net worth increased from R$200 million to R$4.7 billion, and its credit portfolio grew from R$1.4 billion to R$40 billion. The capital raised was often allocated to funds managed by the bank, which included assets from companies undergoing financial restructuring, such as
Oi,
Gafisa,
Light S.A.,
CVC Brasil and Ambipar. Vorcaro initially stated that these credits came from civil servant associations in Bahia. In December 2024, the then-President of the
Central Bank of Brazil,
Roberto Campos Neto, called Vorcaro to an emergency meeting, requesting a capital injection to address
liquidity concerns. Following this decision, BRB President Paulo Henrique Costa was removed from his position. On November 28, 2025, the
Regional Federal Court ordered Vorcaro's release subject to precautionary measures. On December 2, 2025,
Supreme Federal Court Minister
Dias Toffoli imposed maximum secrecy on Vorcaro's defense request. On 4 March 2026, the Supreme Federal Court ordered Vorcaro's arrest. == Personal life and wealth ==