Thomaz Favaro

Associate Director

São Paulo

Thomaz Favaro is the Brazil, Argentina, Uruguay and Paraguay Analyst for Global Risk Analysis, Control Risks’ market-leading political, operational and security risk analysis and forecasting team. Thomaz provides daily updates for Control Risks’ online services, and writes detailed reports on political, operational and security risks across the Southern Cone. 

  • Americas
  • Corruption Risk Assessment & Analysis
  • Country Profiling & Benchmarking
  • Government Affairs Advisory


Thomaz Favaro is the Brazil, Argentina, Uruguay and Paraguay Analyst for Global Risk Analysis, Control Risks’ market-leading political, operational and security risk analysis and forecasting team. Thomaz provides daily updates for Control Risks’ online services, and writes detailed reports on political, operational and security risks across the Southern Cone. 


Highlights of Thomaz’s recent projects include:
  • An in-depth analysis of security threats in Brazil and Paraguay, focusing on crime, terrorism and political instability, for a major Western government.
  • A comprehensive market overview for a major oil and gas company examining potential entry in Argentina and Brazil. The project included an assessment of geopolitical, political, social, economic policy, fiscal and environmental issues, as well as detailed mitigation recommendations on market entry viability. It also included recommendations for the client’s internal decision-making process.
  • A pre-entry threat assessment for a farming company interested in investing near the Amazon rainforest, focusing on social, operational and integrity risks. This included an analysis of the threats posed by environmental NGOs, indigenous groups, landless movements and other social groups. The report included background checks and discreet enquires into potential project partners.


Prior to joining Control Risks, Thomaz worked as Assistant Editor at Veja, Brazil’s largest weekly news magazine. In his role, Thomaz travelled around South America and conducted interviews with major international figures, including heads of state. He also worked as a freelance correspondent for several Brazilian media outlets in Buenos Aires and London.

Thomaz holds an MSc in Comparative Politics of Latin America from the London School of Economics and a BA in Journalism from the University of São Paulo. His postgraduate academic work focused on trade policymaking in Brazil and Argentina during the global financial crisis. Thomaz is a native Portuguese speaker, and is fluent in Spanish, English and French.

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