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Raphael Carvalho brings his financial services leadership expertise to Spencer Stuart

August 2025
Raphael Carvalho
Raphael Carvalho

SÃO PAULO, BRAZIL, May 1, 2025 — Spencer Stuart is excited to announce that Raphael Carvalho has joined the firm as a core member of the Financial Services Practice, building on a 30-plus year career in financial services as an executive and management consultant.

Focused on the Latin American financial and professional services industries, Carvalho’s areas of expertise include insurance, retail banking, payments and consumer finance. Throughout his career, he has gained extensive experience working with boards of directors, both as a member and as an executive officer. He joins Spencer Stuart on the heels of leading IRB-Re, a leading Latin American reinsurer and, prior to that, MetLife in Brazil and Colombia. Carvalho has led successful turnaround, transformation and capital-raise programs and developed business units from scratch. Earlier in his career, he was a member of the financial services practice of another leading executive search firm as well as a partner at Accenture in the financial services sector.

“I am excited to welcome Raphael Carvalho to Spencer Stuart,” said Karin Karay, leader of Spencer Stuart’s São Paulo office. “He has joined our Financial Services Practice in São Paulo, and has more than 30 years of experience in the financial services landscape as an executive and management consultant focused on the Latin American financial and professional services industries.”

View Raphael's bio

About Spencer Stuart

At Spencer Stuart, we know that leadership has never mattered more. We are trusted by organizations around the world to help them make the senior-level leadership decisions that have a lasting impact on their enterprises, on their stakeholders and the world around them. Through our executive search, board and leadership advisory services, we help build and enhance high-performing teams for select clients ranging from major multinationals to emerging companies to nonprofit institutions.

Privately held since 1956, we focus on delivering knowledge, insight and results through the collaborative efforts of a team of experts — now spanning more than 60 offices, over 30 countries and more than 50 practice specialties. Boards and leaders consistently turn to Spencer Stuart to help address their evolving leadership needs in areas such as senior-level executive search, board recruitment, board effectiveness, succession planning, in-depth senior management assessment, employee engagement and many other facets of culture and organizational effectiveness, particularly in the context of the changing stakeholder expectations of business today. For more information on Spencer Stuart, please visit www.spencerstuart.com.

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