The Formula 1 team, Aston Martin Aramco Cognizant has signed a partnership with the Brazilian commercial financial institution, Banco Master.
Following the partnership, Banco Master has been named the official Brazilian banking partner of the British F1 racing team.
As per the deal, this will help the F1 team to strengthen its base and its relationship with Brazil. It has connections with two Brazilian financial organisations and is running a thorough Formula One test schedule for Felipe Drugovich, the current F2 Champion, who is a member of the team’s Driver Development Programme.
This deal also includes the placement of the bank’s branding on the rear wing endplates of the AMR23 at this weekend’s Miami Grand Prix.
Ana Matos, Communication & Marketing Director of Banco Master, said, “Brazil has an historical relationship with Formula One® and a vast audience of sports enthusiasts. It is an honour for Banco Master to add to XP Inc.’s investment efforts in the Aston Martin F1 Team, one which truly captures the intensity and excitement of the category’s racing.”
Jefferson Slack, AMF1 Team Managing Director, Commercial & Marketing, said, “It’s incredibly exciting to welcome Banco Master – another ambitious and innovative Brazilian brand – into our partnership portfolio. We are thrilled to be able to help and support the future of Brazil’s motorsports legacy – we are undertaking a significant development programme with Felipe as he learns more about the science and engineering of Grand Prix racing – and we are keen to help further the growth of Formula One® across Brazil.”
Banco Master is a Brazilian commercial bank that was founded in 2018, and it is currently headquartered in Sao Paulo, Brazil. The bank helps its clients by offering personal and payroll loans, financial services, insurance, and investment banking to companies and individuals.