Daniel Vorcaro (born 1983) is a Brazilian former banker and businessman who gained prominence as the majority shareholder and president of Banco Master, formerly Banco Máxima. His career spanned banking, pharmaceuticals, retail, football investment and real estate. In November 2025 he was taken into custody by Brazilian federal authorities in connection with an investigation into a large financial scheme, which followed the liquidation of Banco Master and a reported loss of R$41 billion to the Credit Guarantee Fund.
Early life and career
Vorcaro was born in Belo Horizonte, Minas Gerais, into a family associated with the Lagoinha Baptist Church and with real estate activities. He holds a degree in administration and an MBA from the Brazilian Institute of Capital Markets. His first business venture involved managing an educational course and a textbook publisher, which were later sold after reports of management conflicts. From 2004 he worked in the real estate sector through family companies.
Banco Master and investigations
In 2018 Vorcaro agreed to acquire Banco Máxima, which was rebranded as Banco Master in 2021. Between 2019 and 2024 the bank's net worth and credit portfolio grew substantially, supported by deposit certificates offering high returns. Investigations by the Public Prosecutor's Office allege the bank used fictitious credits, and the Central Bank later blocked a proposed sale to Banco de Brasília. Vorcaro's arrest was ordered by the Supreme Federal Court in March 2026.