Itaú Private Bank International

The primary activity of Itaú Private Bank is wealth management and private banking. The company offers personalized wealth management services, investment advisory, estate planning, as well as credit and financing solutions. It also provides financial products such as investment portfolios, funds, wealth structuring solutions and exclusive banking services. Itaú Private Bank primarily serves an affluent clientele, composed of high-income individuals, families and entrepreneurs seeking sophisticated management of their wealth on an international scale.

Itaú Private Bank is the wealth management division of the Itaú Unibanco group, one of the largest financial institutions in Latin America. The company’s history began with the founding of Banco Itaú in 1945 in Brazil. Over the decades, Itaú experienced rapid growth through a strategy of national and international expansion, innovations in banking services, and a series of major mergers and acquisitions.

The key milestones in its development include:

• 1945: Creation of Banco Itaú in São Paulo, Brazil.
• 1970s-1980s: National expansion and diversification of financial services.
• 2008: Merger with Unibanco, giving rise to Itaú Unibanco, the largest financial group in Latin America.
• Launch of Itaú Private Bank: Development of a dedicated wealth management offering for high-end clients, with an international presence (notably in Miami, Zurich, Luxembourg, and other global financial centers).
• Strategic partnerships: Collaboration with global financial institutions to offer personalized and innovative investment solutions.
• Acquisitions and international growth: Acquisition of portfolios and wealth management activities abroad, strengthening the brand’s global presence.
• Digital transformation: Adoption of advanced technologies to enhance client experience and operational efficiency.

Today, Itaú Private Bank is recognized for its expertise in wealth management, its personalized approach, and its financial strength, supported by the Itaú Unibanco group.

The founder of Itaú Private Bank International is connected to the Itaú Unibanco group, founded by Alfredo Egydio de Souza Aranha. Today, the bank is part of the Itaú Unibanco group, one of the largest financial institutions in Latin America.

The main members of the management team of Itaú Private Bank International include:

• Daniel de Paula – CEO of Itaú Private Bank International
• André Goulart – Head of International Private Banking
• Ricardo Villela Marino – Chairman of the Board of Directors of Itaú Unibanco
• Milton Maluhy Filho – CEO of Itaú Unibanco

These executives oversee the international operations and overall strategy of the private bank within the Itaú group.