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We have sound, meritocratic governance, where decisions are made conjointly and with a focus on performance. Our team is diverse, highly qualified, gathering unique specialties and experiences in multiple sectors.
Get to know the composition of the members of the Committees and their respective CVs.
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Pedro Luiz Bodin de Moraes
Position and Term of Office
He has been an independent member of our board of directors since 2008.
Experiences, Skills and Abilities
Financial sector and capital markets
He was a member of the board of directors of Unibanco – União de Bancos Brasileiros S.A. from 2003 to 2008. He has been a partner at Cambuhy Investimentos Ltda. since 2011 and at Ventor Investimentos Ltda. since 2009. He was a partner at Icatu Holding S.A. from 2005 to 2014, and a partner and officer at Banco Icatu S.A. from 1993 to 2002. He was vice president of National Association of Investment Banks (“ANBID”) from 1994 to 2001, and a professor in the Department of Economics at the Pontifical Catholic University of Rio de Janeiro (“PUC-RJ”) from 1985 to 1990.
Risk Management
He is currently the chairman of our Risk and Capital Management Committee, and his prior experience in risk management has well-qualified him for this role. His responsibilities include supporting the board of directors in defining the institution’s risk appetite and overseeing the management and control of risk and capital, to ensure they are adequate for the risk levels assumed and the complexity of operations. He served as director of monetary policy at the Central Bank of Brazil from 1991 to 1992. In that capacity, his duties included managing and executing monetary and foreign exchange policy, setting technical guidelines for managing Brazil’s international reserves, and formulating policies for payment arrangements, clearinghouses, settlement systems, and other financial market infrastructures.
ESG
He was an Officer at National Bank for Economic and Social Development (“BNDES”) from 1990 to 1991, which is the Federal Government’s main investment promotion instrument, with a mission to foster the sustainable and competitive development of the Brazilian economy through job creation and the reduction of social and regional inequalities.
Academic Background
He holds a bachelor’s degree and a postgraduate diploma in economics from Pontificia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil, and a Ph.D. in economics from the Massachusetts Institute of Technology (“MIT”), Massachusetts, United States.
Candido Botelho Bracher (Independent Member)
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Roberto Egydio Setubal (Non-Executive Co-Chairman)
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year,after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
Ricardo Villela Marino
Position and Term of Office
He has been a vice chairman of our board of directors since 2020.
Experiences, Skills and Abilities
Financial sector and capital markets
He has been the chairman of the Latin America Strategic Council since 2018, leading the innovation and exploration of growth opportunities across the region. He is also the Chairman of the board of directors of Itaú Chile. He has held several positions at Itaú Unibanco Group since 2002, including serving as a vice president from 2010 to 2018 and as CEO of Itaú’s Latin America operations (Argentina, Chile, Paraguay and Uruguay). He started his career at Banque Credit Commercial de France (“CCF”) and worked in fixed income and equities at Banco Garantia/CSFB and at Goldman Sachs Asset Management in New York and London, where he was a portfolio manager for emerging markets. He served as chairman of the Latin American Bank Federation (“FELABAN”) and was named a Young Global Leader by the World Economic Forum (“WEF”). He has been an alternate member of our board of directors since 2011.
Financial Inclusion and Entrepreneurship
He is currently vice chairman of Humanitas 360, a non-profit organization focused on catalyzing social and civic entrepreneurship among young people. He is the chairman of Instituto PDR, an organization aimed at investing in and preparing new entrepreneurs with a focus on social academic transformation.
Academic Background
He holds a bachelor’s degree in mechanical engineering from the University of São Paulo (“USP”), São Paulo, Brazil. He hold´s a master’s degree in business administration from the Massachusetts Institute of Technology (“MIT”) Sloan School of Management, Massachusetts, United States.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year, after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
Milton Maluhy Filho
Position and Term of Office
Member of the Partners Program, serving as Chief Executive Officer (CEO) since 2021.
Experience, Competencies, and Skills
Financial sector, capital markets, and other industries
Held several positions at Itaú Unibanco, including vice president executive of finance and risks from 2019 to 2020 and CEO of Itaú CorpBanca (Chile) from 2016 to 2018, where he was responsible for the merger of two banks: CorpBanca and Banco Itaú Chile. Joined Itaú Unibanco Group in 2002 and was elected as an officer in 2007.
Education
He holds a bachelor’s degree in business administration.
André Gailey has worked at Itaú for more than 20 years and has been a statutory director and partner at Itaú BBA and Itaú Unibanco since 2010. He was CEO of Itaú Paraguay from July 2019 until December 2020, and is currently Regional CEO of Argentina, Paraguay and Uruguay and CEO of Itaú Uruguay. He was responsible for the Corporate Commercial Board since 2017. Previously, he was Director of Wholesale Products, Client Desk and Wholesale Planning.
He has a law degree from the University of São Paulo, a Master’s in Corporate Law and Finance from Stanford University and an MBA in Finance from INSPER -São Paulo.
Cesar Nivaldo Gon
Position and Term of Office
He has been an independent member of our board of directors since 2022.
Experiences, Skills and Abilities
Financial sector and capital markets
He is a member of the board of directors of the Lean Enterprise Institute (“LEI”) and was a member of the board of directors of Raia Drogasil S.A. from 2021 to 2023. An active venture capital and startup investor, Mr. Gon led the IPO of CI&T Inc. on the New York Stock Exchange (“NYSE”) and has been a member of the board of directors of the Lumina Unicamp Endowment Fund since 2020. He was recognized as Entrepreneur of the Year in Brazil by EY (EY Entrepreneur of The Year™) in 2019.
Technology and Information Security
He is the founder and CEO of CI&T (NYSE: CINT), a global company specialized in software engineering solutions – including AI and hyper-digital platforms, modernization, cloud services, data analytics, cybersecurity, and digital product design – since 1995. He is the Chairman of the Board of Sensedia, a leading company in the API Management market. He has a long-standing career as an important voice in leadership development, digital transformation, and artificial intelligence. He also served as a Technology Advisor on the Board of Grupo Boticário from 2020 to 2023.
Academic Background
He holds a bachelor’s degree in computer engineering and a master’s degree in computer science, both from the University of Campinas (“UNICAMP”), São Paulo, Brazil. He is the co-author of the book “Faster, Faster: The Dawn of Lean Digital” (2020) and a columnist for the MIT Sloan Management Review.
Fabricio Bloisi Rocha
Position and Term of Office
He has been an independent member of our board of directors since 2024.
Experiences, Skills and Abilities
Financial sector, capital markets, and other industries
He is the CEO of Prosus, Chairman of the board of directors at iFood, CEO of Naspers, and founder of Movile Group. He is also a member of the XPrize Innovation Board.
ESG
He promotes educational projects through his 1Bi Foundation, an institution focused on supporting education through technology. He also supports initiatives such as “Meu Diploma do Ensino Médio” and “Movimento Tech”, which foster high school and technology education in Brazil through iFood. In 2023, he was appointed as the UN spokesperson for education on SDG 4 in Brazil and joined the economic and Sustainable Development Council of the Presidency of the Republic.
Academic Background
He holds a bachelor’ s degree in computer engineering from the State University of Campinas (“UNICAMP”), Campinas, São Paulo, Brazil, and a Master’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. In 2013, he attended the Executive Program for Growing Companies – Strategy, Finance, and Leadership for companies in the growth-stage at the Stanford Graduate School of Business, California, USA. In 2022, he completed the Owner/President Management Program at Harvard University, Massachusetts, USA.
Milton Maluhy Filho
Position and Term of Office
Member of the Partners Program, serving as Chief Executive Officer (CEO) since 2021.
Experience, Competencies, and Skills
Financial sector, capital markets, and other industries
Held several positions at Itaú Unibanco, including vice president executive of finance and risks from 2019 to 2020 and CEO of Itaú CorpBanca (Chile) from 2016 to 2018, where he was responsible for the merger of two banks: CorpBanca and Banco Itaú Chile. Joined Itaú Unibanco Group in 2002 and was elected as an officer in 2007.
Education
He holds a bachelor’s degree in business administration.
Paulo Antunes Veras
Position and Term of Office
He has been an independent member of board of directors since 2024 and president of the Personnel Committee since 2026, he was a member of the Personnel Committee from 2024 to 2026.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is a startup investor, an independent member of the board of directors of Localiza, and a member of the Advisory Board of Grupo Boticário. He was the founder and CEO of 99, the first Brazilian “unicorn” startup, prior to the sale of the company in 2018. He was Managing Director and a board member at Endeavor, a high-impact entrepreneurship NGO.
Academic Background
He holds a bachelor’s degree in mechatronics engineering from the University of São Paulo (“USP”), São Paulo, Brazil, and an MBA from INSEAD.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year,after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
Milton Maluhy Filho
Position and Term of Office
Member of the Partners Program, serving as Chief Executive Officer (CEO) since 2021.
Experience, Competencies, and Skills
Financial sector, capital markets, and other industries
Held several positions at Itaú Unibanco, including vice president executive of finance and risks from 2019 to 2020 and
CEO of Itaú CorpBanca (Chile) from 2016 to 2018, where he was responsible for the merger of two banks: CorpBanca and
Banco Itaú Chile. Joined Itaú Unibanco Group in 2002 and was elected as an officer in 2007.
Education
He holds a bachelor’s degree in business administration.
André Luís Teixeira Rodrigues
Position and Term of Office
Officer since 2005, member of the Partners Program since 2010, and member of the Executive Committee of Itaú Unibanco Group since 2021.
He is currently responsible for the entire Personal Banking (Retail) business for individual clients (Full Bank and monoline services) across all segments (low-income, middle-income, and high-income – Itaú Branches, Uniclass, and Itaú Personnalité – as well as Public Sector clients). This includes all distribution and service channels (physical branches, call centers, digital branches, and digital channels) and the main Personal Banking products such as Payment Methods (Cards), Loans including Mortgage Loans, Personal Loans, Payroll Loans, and Vehicle Financing, company´s payroll and Insurance, in addition to the Credit & Collections, Strategic Planning, and Retail CRM/Customer Engagement areas for Personal Banking.
Previously, he was responsible for the entire Retail Business for Small and Medium Enterprises (SMEs), including cash management products and services, the merchant acquiring business (Rede), and Itaú Empresas (Itaú’s fully digital, end-to-end banking operation for SMEs in Brazil), as well as the Credit & Collections, Strategic Planning, CRM/Customer Engagement, and Digital Channels areas for the SME segment.
From 2019 to 2022, Mr. Rodrigues led the Retail Banking segment (Individuals and Companies), which covered all internal full-bank client segments in Branch Banking (individual and business clients, government and payroll clients), as well as the Insurance, Products and Strategic Planning, CRM, Digital Channels and UX departments.
Between 2003 and 2018, he held several leadership positions in Wholesale Banking at Itaú BBA: until 2013 in the Corporate and Large Corporate segments (as Senior Officer, Regional Director and Executive Director); in 2014 he led the creation of the Middle Market segment in Wholesale; and from 2016 he headed the new Commercial Banking structure (Middle Market, Corporate and Large Corporate, including sector-specific niches like Agribusiness, Real Estate, Multinationals, and Financial Sponsors), also creating the Wholesale Credit Recovery & Restructuring area and taking charge of the Products & Services and Strategic Planning areas of Itaú BBA.
He joined Itaú Unibanco Group in 2000, became a Superintendent between 2001 and 2003, and has been an Officer since 2005. He served as Executive Director from 2008 to 2018, Coordinating Executive Director in 2019 and 2020, and was a member of both the Wholesale and Retail Executive Committees during those periods. He has been a member of Itaú Unibanco’s Executive Committee since 2021. He has been a member of the Partners Program of the bank since 2010. He also serves as a member of the board of directors of Porto Seguro S.A.
Academic Background
He holds a bachelor’s degree in mechanical engineering with specialization in automation and systems (“mechatronics”) from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil
Carlos Fernando Rossi Constantini
Position and Term of Office
Member of the Partners Program, officer and member of the Executive Committee of Itaú Unibanco Group since 2021.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is currently responsible for the Wealth Management & Services division, which covers the clients’ investment journey from product offering and customer experience to distribution and asset management. He served as an executive officer from 2019 to 2021. In 2017, Mr. Constantini became CEO of Itaú Unibanco in the United States and head of international private banking in Miami from 2017 and 2018. He was vice president of Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (“ANBIMA”) from 2019 to 2022. He has held several roles at Itaú Unibanco Group, including officer from 2009 to 2017 and deputy officer from 2007 to 2009.
Academic Background
He holds a bachelor’s degree in production engineering from the University of São Paulo (“USP”), São Paulo, Brazil.
Carlos Orestes Vanzo
Position and Term of Office
Member of the Partners Program and officer, member of the Executive Committee of Itaú Unibanco
Group.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is currently responsible for the Small and Medium Enterprises segment within Retail Banking, as well as for the Merchant Acquiring business (Rede), and the Products, Credit, Recovery, CRM, Channels & Digital Branches, and Business Banking Strategy departments for Itaú Unibanco Group. Previously, he was responsible for the Retail Business – Individuals, encompassing the Physical and Digital Branch segments (mass market, middle and high-income – Itaú Branch, Uniclass, and Personnalité), the Insurance division, and the Personal Banking Strategy division (including CRM, Planning, Projects, Payroll, Government, and Credit & Recovery). He served as an Executive Officer from 2019 to 2022, leading the Retail Business – Individuals, Business (SME) segment, and Business Banking Credit. From 2004 to 2018, Mr. Vanzo held several leadership positions at Banco Itaú and Itaú BBA, most notably in the Corporate and Middle Market segments. He began his career at Itaú Unibanco Group in 1997 and has been a member of the Executive Committee since 2023.
Academic Background
He holds a bachelor’s degree in law from Universidade Paulista (“UNIP”), São Paulo, Brazil; a postgraduate degree in business administration from the University of São Paulo (“USP”), São Paulo, Brazil; and an Executive MBA from the Massachusetts Institute of Technology (“MIT”), Cambridge, Massachusetts, United States.
Flávio Augusto Aguiar de Souza
Position and Term of Office
Member of the Partners Program; officer, member of the Executive Committee of the Itaú Unibanco Group and CEO of Banco Itaú BBA since 2021.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is responsible for the Corporate & Investment Banking, Commercial Banking, Distribution and Research areas, as well as for the credit analysis, origination, collection and restructuring activities of the Wholesale Banking segment. He joined the Itaú Unibanco Group in 2009 and has held leadership positions across several areas of the conglomerate, having served as executive commercial banking officer; global head of wealth management & services; global head of private banking; and CEO of Banco Itaú International in Miami, USA. Mr. Souza was vice president of Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (“ANBIMA”) from 2015 to 2019 and chairman of the board of directors of Itaú International (Miami, USA) and Itaú Suisse (Zurich, Switzerland) from 2015 to 2018.
ESG
Since early 2023, he has also assumed responsibility for the Climate Finance department of the entire conglomerate as part of the ESG agenda.
Academic Background
He holds a bachelor’s degree in business administration from the Federal University of Minas Gerais, Minas Gerais, Brazil, and a postgraduate degree in Finance from Fundação Dom Cabral, São Paulo, Brazil.
Gabriel Amado de Moura
Position and Term of Office
Member of the Partners Program and member of the Executive Committee, Chief Financial Officer (“CFO”) of Itaú Unibanco Group since October 2024.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He was appointed CEO of Banco Itaú Chile in January 2020, after serving as the bank’s CFO from 2016. He joined Itaú Unibanco in 2000 and became a member of the Partners Program in 2011. He has over 25 years of experience in investment management, financial management, risk management, and mergers and acquisitions. He previously served as Risk and Finance Director for the Wealth Management & Services division and was responsible for investment management for the Insurance & Pensions and Foundation & Endowment businesses of Itaú Unibanco. He also worked in proprietary mergers and acquisitions and serves as a member of the Boards of Directors of several companies within the Itaú Unibanco conglomerate in Brazil and abroad.
Academic Background
He holds an MBA from The Wharton School, University of Pennsylvania, United States.
José Virgilio Vita Neto
Position and Term of Office
Member of the Partners Program; Officer, member of the Executive Committee of Itaú Unibanco Group since 2023, leading the Legal, Ombudsman’s Office, Government Relations and Sustainability departments.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He began his career at Itaú Unibanco Group in 2000 as an attorney and was elected Officer in 2011. He also serves as an Executive Officer at Brazilian Banking Federation (“FEBRABAN”).
Academic Background
He holds a bachelor’s degree in law from the University of São Paulo (“USP”), São Paulo, Brazil; a master’s degree in contract law from the University of Salamanca,Castilla y León, Spain; a Ph.D. in contract law from University of São Paulo (“USP”), São Paulo, Brazil; and has completed the authentic leadership development program at Harvard Business School, Massachusetts, United States.
Matias Granata
Position and Term of Office
Member of the Partners Program; Chief Risk Officer (“CRO”) and Officer, member of the Executive Committee of Itaú Unibanco Group since 2021.
Experiences, Skills and Abilities
Risk management
He has held several positions at Itaú Unibanco Group, including serving as an Officer from 2014 to 2021, responsible for Credit Risk, Modeling, and Market and Liquidity Risks. As the executive responsible for the risk structure, Mr. Granata also leads the unit that works on integrating climate risk into the institution’s global risk management.
Academic Background
He holds a bachelor’s degree in economics from the University of Buenos Aires (“UBA”), Buenos Aires, Argentina; a postgraduate degree in economics from Universidad Torcuato Di Tella (“UTDT”), Buenos Aires, Argentina; and a master’s degree in international economic Policy from the University of Warwick (as a British Chevening Scholar), United Kingdom.
Pedro Paulo Giubbina Lorenzini
Position and Term of Office
Member of the Partners Program; Officer, member of the Executive Committee of Itaú Unibanco Group since 2021.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is currently responsible for the Treasury, Client and Product Desks, Macroeconomic Research, and for operations in the rest of Latin America (Argentina, Paraguay, Uruguay, Chile and Colombia). He has been a member of the board of directors and of the Risk and Finance Committee of B3 S.A. – Brasil, Bolsa, Balcão since 2021. Mr. Lorenzini served as a member of the Executive Committee responsible for Global Markets and Securities Services at Citibank Brasil from 2008 to 2021, after beginning his career at Citibank in 1989 and gaining experience in Structuring, Asset Liability Management (“ALM”), Trading, Sales, Product Management, and Controllership. He was chairman of the Treasury Committee from 2010 to 2013, Citibank’s representative on FEBRABAN’s executive officers from 2013 to 2021, chairman of the Treasury Committee from 2010 to 2012, and vice president of Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (“ANBIMA”) from 2010 to 2021.
Academic Background
He holds a bachelor’s degree in economics and business administration from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil.
Ricardo Ribeiro Mandacaru Guerra
Position and Term of Office
Member of the Partners Program; Officer, member of the Executive Committee of Itaú Unibanco Group since 2021.
Experiences, Skills and Abilities
Financial sector
He has held several positions at Itaú Unibanco Group, including Executive Officer from 2014 to 2021; Channels Officer from 2008 to 2014; Superintendent of Personal Lending Products from 2007 to 2008; Superintendent of Credit Policy from 2006 to 2007; Superintendent of Electronic Channel Management from 2002 to 2006; and Internet Project Leader from 1996 to 2000. He joined Itaú Unibanco Group in 1993 as a systems analyst.
Technology, Operations and Information Security
He is responsible for the Technology, Operations, Services, Data and Customer Experience (CX) departments and has been a Chief Information Officer (CIO) since 2015. Since September 2024, he has also overseen the Operations, IGA (Access Governance), and Services departments. He has extensive experience in digital transformation and large-scale platform management, encompassing management and governance processes as well as technical expertise in engineering and cybersecurity. He leads a large technology team focused on deep technical excellence, talent development, and diversity.
Academic Background
He holds bachelor’s degrees in civil engineering and in business administration from the University of São Paulo (“USP”), São Paulo, Brazil, and an MBA from the Kellogg School of Management at Northwestern University, Illinois, United States.
Sergio Guillinet Fajerman
Position and Term of Office
Member of the Partners Program; Officer, member of the Executive Committee of Itaú Unibanco Group since 2021.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is currently responsible for the Human Resources (People Area), Marketing, and Communications departments. He has held several positions at Itaú Unibanco Group, including Executive Officer from 2017 to 2021, and Corporate People Management Officer and HR Officer for Wholesale Banking from 2010 to 2017.
Academic Background
He holds a bachelor’s degree in economics from the Federal University of Rio de Janeiro (“UFRJ”), Rio de Janeiro, Brazil; an MBA in corporate finance from the Brazilian Institute of Capital Markets (“IBMEC”), Brazil; an MBA from INSEAD, Fontainebleau, France; and completed the Advanced HR Executive Program at the University of Michigan, Michigan, United States.
Alfredo Egydio Setubal
Position and Term of Office
He has been a non-executive member of our board of directors since 2007.
Experiences, Skills and Abilities
Financial sector and capital markets
At Itaúsa S.A., he has been serving as CEO and investor relations officer since 2015 and has been a member of the board of directors since 2008. He also has been the chairman of the board of directors of Dexco S.A. since 2021 and board member since 2015; a member of the board of directors of Alpargatas S.A. since 2017 and of Copa Energia since 2020. He was chairman of the National Association of Investment Banks (“ANBID”) from 2003 to 2008; and he has been a member of the Superior Guidance, Nomination and Ethics Committee of the Brazilian Institute of Investor Relations (“IBRI”) since 2010, having chaired IBRI’s board of directors from 2000 to 2003. He was also a member of the board of directors of the Brazilian Association of Publicly-Held Companies (“ABRASCA”) from 1999 to 2017. He is currently the chairman of the Environmental, Social and Climate Responsibility Committee and a member of the Disclosure and Trading Committee, the Nomination and Corporate Governance Committee, and the Personnel Committee of Itaú Unibanco.
ESG
He has been the chairman of the Board of Trustees of the Fundação Itaú, an institution responsible for social initiatives focused on education (in partnership with UNICEF and other NGOs) and the democratization and promotion of Brazilian culture, and the Chairman of the Decision-Making Council of the São Paulo Museum of Art (“MASP”) since 2015. He has been a member of the board of directors of the São Paulo Biennial Foundation since 2009. He is also a member of the Boards of the Museum of Modern Art of São Paulo (“MAM”) and the Institute of Contemporary Art (“IAC”).
Academic Background
He holds both bachelor’s and postgraduate degrees in business administration from Fundação Getúlio Vargas (“FGV”), São Paulo, Brazil.
Ana Lúcia de Mattos Barretto Villela
Position and Term of Office
She has been a non-executive member of our board of directors since 2018.
Experiences, Skills and Abilities
Financial sector, capital markets, and other Industries
She has held several positions at the Itaú Unibanco Group, including serving as a member of our board of directors from 1996 to 2001. She is co-founder of MFF&CO, a global impact entertainment studio operating in São Paulo (Brazil), Los Angeles (United States), and London (United Kingdom) since May 2024; co-founder of the Alana Down Syndrome Center at MIT since 2019; alternate member of the board of directors of IUPAR – Itaú Unibanco Participações S.A. since 2018; member of Itaú’s Personnel Committee since 2018; member of Itaú’s Nomination and Corporate Governance Committee since 2018; vice-chair of the board of directors (Non-Executive Member) of Itaúsa S.A. since 2017; member of the Advisory Board of Itaú Social since 2017; co-founder of AlanaLab since 2014; co-founder of Maria Farinha Filmes since 2009; founding chairwoman of the Alana Foundation since 2012; CEO of Instituto Alana since 2002; and Ashoka Fellow since 2010.
ESG
She has been a member of the Social, Environmental, and Climate Responsibility Committee since 2019 (formerly the Social Responsibility Committee); member of Itaúsa’s Sustainability and Risk Committee since 2021. Also serves on the Advisory Board of the Stanford Down Syndrome Research Center since January 2022. Previously served on the board of Participant, a media and entertainment organization founded by social entrepreneur Jeff Skoll, from March 2022 to July 2024; member of the Advisory Board of UCLA Lab School from May 2022 to July 2024; member of the Advisory Board of Instituto Akatu from 2013 to 2017; member of the Advisory Board of Fairplay Organization from 2015 to 2017; member of the Advisory Board of Conectas from 2003 to 2018; member of Dexco’s Sustainability Committee from 2015 to 2018; and alternate member of Dexco’s board of directors from 2018 to 2020.
Technology and Information Security
Since 2018, she has been the first Latin American representative on the XPRIZE Innovation Board, a nonprofit organization founded by Peter Diamandis that designs and manages global competitions to foster the development of breakthrough technologies addressing humanity’s greatest challenges. From 2019 to 2024, Alana Foundation, co-founded by Villela, supported the XPRIZE Rainforest competition, aimed at accelerating the creation of technologies capable of mapping tropical forest biodiversity.
Academic Background
Holds a bachelor’s degree in education with a specialization in school administration and a master’s degree in educational psychology, both from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil. Studied business administration at Fundação Armando Álvares Penteado (“FAAP”), São Paulo, Brazil (incomplete), and attended a postgraduate program in third sector management at Fundação Getulio Vargas (“FGV”), São Paulo, Brazil (incomplete).
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Paulo Antunes Veras
Position and Term of Office
He has been an independent member of board of directors since 2024 and president of the Personnel Committee since 2026, he was a member of the Personnel Committee from 2024 to 2026.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is a startup investor, an independent member of the board of directors of Localiza, and a member of the Advisory Board of Grupo Boticário. He was the founder and CEO of 99, the first Brazilian “unicorn” startup, prior to the sale of the company in 2018. He was Managing Director and a board member at Endeavor, a high-impact entrepreneurship NGO.
Academic Background
He holds a bachelor’s degree in mechatronics engineering from the University of São Paulo (“USP”), São Paulo, Brazil, and an MBA from INSEAD.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year,after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Managemental
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
| Candido Botelho Bracher
Position and Term of Office He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021. Experiences, Skills and Abilities Financial sector and capital markets He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988. Risk Management He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies. ESG He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo. Academic Background He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. |
Geraldo José Carbone, he has been a member of the Compensation Committee since 2019. He has held several positions within Itaú Unibanco Group, including Executive Vice President from 2008 to 2011 and member of the board of directors from 2006 to 2008 and from 2017 to 2018.
He has been a managing partner at G/xtrat Consultoria Econômica Ltda. and GC/Capital Empreendimentos e Participações Ltda. since 2011.
Previously, he served as president from 1997 to 2006 at Bank Boston; vice president of the Asset Management Division from 1994 to 1997; and head of the economics Department and Investment Research Unit in Brazil from 1991 to 1994. He also worked as chief economist at Bunge y Born from 1982 to 1987.
He holds a Bachelor’s degree in Economics from the University of São Paulo (“USP”), São Paulo, Brazil
João Moreira Salles
Position and Term of Office
He has been a non-executive member of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He currently holds the following positions: (i) CEO of Itaú Unibanco Participações S.A. (“IUPAR”) since 2026, and he has been director since 2023; (ii) member of the board of directors of IUPAR since 2015; (iii) member of the board of directors and CEO of E. Johnston Participações since 2024; (iv) director of Brasil Warrant Administração de Bens e Empresas S.A. (“BWSA”) since 2017; (v) CEO of BW Gestão de Investimentos Ltda. (“BWGI”) since 2022; (vi) board member, since 2019, of Verallia, a glass packaging company with shares on the French Stock Exchange; (vii) chairman of the board of directors of Alpargatas since 2026, and member of the board of directors since 2022; (viii) member of the Strategy and People Committees of Alpargatas since 2022. Furthermore, before joining BWSA, he worked as an investment banker at J. P. Morgan Chase, New York, USA.
Academic Background
He holds a bachelor’s degree in economics from the Institute of Education and Research (“INSPER”), São Paulo, Brazil; Master’s degree in economics from Columbia University GSAS, New York, USA; Master’s degree in finance from Columbia University GSB, New York, USA; and PhD in economic theory from the University of São Paulo (“USP”), São Paulo, Brazil.
Paulo Antunes Veras
Position and Term of Office
He has been an independent member of board of directors since 2024 and president of the Personnel Committee since 2026, he was a member of the Personnel Committee from 2024 to 2026.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is a startup investor, an independent member of the board of directors of Localiza, and a member of the Advisory Board of Grupo Boticário. He was the founder and CEO of 99, the first Brazilian “unicorn” startup, prior to the sale of the company in 2018. He was Managing Director and a board member at Endeavor, a high-impact entrepreneurship NGO.
Academic Background
He holds a bachelor’s degree in mechatronics engineering from the University of São Paulo (“USP”), São Paulo, Brazil, and an MBA from INSEAD.
Alfredo Egydio Setubal
Position and Term of Office
He has been a non-executive member of our board of directors since 2007.
Experiences, Skills and Abilities
Financial sector and capital markets
At Itaúsa S.A., he has been serving as CEO and investor relations officer since 2015 and has been a member of the board of directors since 2008. He also has been the chairman of the board of directors of Dexco S.A. since 2021 and board member since 2015; a member of the board of directors of Alpargatas S.A. since 2017 and of Copa Energia since 2020. He was chairman of the National Association of Investment Banks (“ANBID”) from 2003 to 2008; and he has been a member of the Superior Guidance, Nomination and Ethics Committee of the Brazilian Institute of Investor Relations (“IBRI”) since 2010, having chaired IBRI’s board of directors from 2000 to 2003. He was also a member of the board of directors of the Brazilian Association of Publicly-Held Companies (“ABRASCA”) from 1999 to 2017. He is currently the chairman of the Environmental, Social and Climate Responsibility Committee and a member of the Disclosure and Trading Committee, the Nomination and Corporate Governance Committee, and the Personnel Committee of Itaú Unibanco.
ESG
He has been the chairman of the Board of Trustees of the Fundação Itaú, an institution responsible for social initiatives focused on education (in partnership with UNICEF and other NGOs) and the democratization and promotion of Brazilian culture, and the Chairman of the Decision-Making Council of the São Paulo Museum of Art (“MASP”) since 2015. He has been a member of the board of directors of the São Paulo Biennial Foundation since 2009. He is also a member of the Boards of the Museum of Modern Art of São Paulo (“MAM”) and the Institute of Contemporary Art (“IAC”).
Academic Background
He holds both bachelor’s and postgraduate degrees in business administration from Fundação Getúlio Vargas (“FGV”), São Paulo, Brazil.
Ana Lúcia de Mattos Barretto Villela
Position and Term of Office
She has been a non-executive member of our board of directors since 2018.
Experiences, Skills and Abilities
Financial sector, capital markets, and other Industries
She has held several positions at the Itaú Unibanco Group, including serving as a member of our board of directors from 1996 to 2001. She is co-founder of MFF&CO, a global impact entertainment studio operating in São Paulo (Brazil), Los Angeles (United States), and London (United Kingdom) since May 2024; co-founder of the Alana Down Syndrome Center at MIT since 2019; alternate member of the board of directors of IUPAR – Itaú Unibanco Participações S.A. since 2018; member of Itaú’s Personnel Committee since 2018; member of Itaú’s Nomination and Corporate Governance Committee since 2018; vice-chair of the board of directors (Non-Executive Member) of Itaúsa S.A. since 2017; member of the Advisory Board of Itaú Social since 2017; co-founder of AlanaLab since 2014; co-founder of Maria Farinha Filmes since 2009; founding chairwoman of the Alana Foundation since 2012; CEO of Instituto Alana since 2002; and Ashoka Fellow since 2010.
ESG
She has been a member of the Social, Environmental, and Climate Responsibility Committee since 2019 (formerly the Social Responsibility Committee); member of Itaúsa’s Sustainability and Risk Committee since 2021. Also serves on the Advisory Board of the Stanford Down Syndrome Research Center since January 2022. Previously served on the board of Participant, a media and entertainment organization founded by social entrepreneur Jeff Skoll, from March 2022 to July 2024; member of the Advisory Board of UCLA Lab School from May 2022 to July 2024; member of the Advisory Board of Instituto Akatu from 2013 to 2017; member of the Advisory Board of Fairplay Organization from 2015 to 2017; member of the Advisory Board of Conectas from 2003 to 2018; member of Dexco’s Sustainability Committee from 2015 to 2018; and alternate member of Dexco’s board of directors from 2018 to 2020.
Technology and Information Security
Since 2018, she has been the first Latin American representative on the XPRIZE Innovation Board, a nonprofit organization founded by Peter Diamandis that designs and manages global competitions to foster the development of breakthrough technologies addressing humanity’s greatest challenges. From 2019 to 2024, Alana Foundation, co-founded by Villela, supported the XPRIZE Rainforest competition, aimed at accelerating the creation of technologies capable of mapping tropical forest biodiversity.
Academic Background
Holds a bachelor’s degree in education with a specialization in school administration and a master’s degree in educational psychology, both from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil. Studied business administration at Fundação Armando Álvares Penteado (“FAAP”), São Paulo, Brazil (incomplete), and attended a postgraduate program in third sector management at Fundação Getulio Vargas (“FGV”), São Paulo, Brazil (incomplete).
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Cesar Nivaldo Gon
Position and Term of Office
He has been an independent member of our board of directors since 2022.
Experiences, Skills and Abilities
Financial sector and capital markets
He is a member of the board of directors of the Lean Enterprise Institute (“LEI”) and was a member of the board of directors of Raia Drogasil S.A. from 2021 to 2023. An active venture capital and startup investor, Mr. Gon led the IPO of CI&T Inc. on the New York Stock Exchange (“NYSE”) and has been a member of the board of directors of the Lumina Unicamp Endowment Fund since 2020. He was recognized as Entrepreneur of the Year in Brazil by EY (EY Entrepreneur of The Year™) in 2019.
Technology and Information Security
He is the founder and CEO of CI&T (NYSE: CINT), a global company specialized in software engineering solutions – including AI and hyper-digital platforms, modernization, cloud services, data analytics, cybersecurity, and digital product design – since 1995. He is the Chairman of the Board of Sensedia, a leading company in the API Management market. He has a long-standing career as an important voice in leadership development, digital transformation, and artificial intelligence. He also served as a Technology Advisor on the Board of Grupo Boticário from 2020 to 2023.
Academic Background
He holds a bachelor’s degree in computer engineering and a master’s degree in computer science, both from the University of Campinas (“UNICAMP”), São Paulo, Brazil. He is the co-author of the book “Faster, Faster: The Dawn of Lean Digital” (2020) and a columnist for the MIT Sloan Management Review.
Maria Helena dos Santos Fernandes de Santana
Position and Term of Office
She has been an independent member of our board of directors since 2021 and Chair of the Audit Committee since 2023.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
She has been an independent member of our board of directors since 2021 and an independent member of the Audit Committee since 2022, serving as its Chair since April 2023. She also served as a member of the Audit Committee of Itaú Unibanco Holding from 2014 to 2020. She is a member of the board of directors and Chairwoman of the Audit Committee of CI&T Inc., and a member of the board of directors of Fortbras S.A. She served as a member of the board of directors and Chairwoman of the Audit Committee of XP Inc. from 2019 to 2021; Chairwoman of the Audit Committee of XP Investimentos S.A. from 2018 to 2019; a member of the board of directors of Bolsas y Mercados Españoles (“BME”) from 2016 to 2020; a Trustee of the IFRS Foundation from 2014 to 2019; a member of the board of directors and Coordinator of the Audit Committee of Totvs S.A. from 2013 to 2017; and a member of the board of directors of CPFL Energia S.A. from 2013 to 2015. She was also Chair of the Brazilian Securities and Exchange Commission (“CVM”) from 2007 to 2012 (having been a Commissioner from 2006 to 2007), representing CVM on the Financial Stability Board (FSB) from 2009 to 2012, and served as Chair of the Executive Committee of the International Organization of Securities Commissions (“IOSCO”) from 2011 to 2012.
ESG
Between 2011 and 2012, she was a member of the International Integrated Reporting Council (“IIRC”), where she later served on the Governance and Nominating Committee until the creation of the Value Reporting Foundation. She worked at the São Paulo Stock Exchange (now B3 S.A.) from 1994 to 2006, where she was involved in the creation and was responsible for the implementation of the Novo Mercado and other corporate governance segments. She was vice president of the Brazilian Institute of Corporate Governance (“IBGC”) from 2004 to 2006, having been a member of its board of directors from 2001 to 2006. She has also been a member of the Latin American Corporate Governance Roundtable (“OECD”) since 2000. She was a member of the board of directors and Coordinator of the People, Appointments and Governance Committee at Oi S.A. from 2018 to 2023. She served as a member of the board of directors and Chairwoman of the Corporate Governance Committee of Companhia Brasileira de Distribuição S.A. from 2013 to 2017. She was honored with the Excellence in Corporate Governance Award by the International Corporate Governance Network (“ICGN”) in 2012.
Academic Background
She holds a bachelor’s degree in economics from the University of São Paulo (“USP”), São Paulo, Brazil.
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Pedro Luiz Bodin de Moraes
Position and Term of Office
He has been an independent member of our board of directors since 2008.
Experiences, Skills and Abilities
Financial sector and capital markets
He was a member of the board of directors of Unibanco – União de Bancos Brasileiros S.A. from 2003 to 2008. He has been a partner at Cambuhy Investimentos Ltda. since 2011 and at Ventor Investimentos Ltda. since 2009. He was a partner at Icatu Holding S.A. from 2005 to 2014, and a partner and officer at Banco Icatu S.A. from 1993 to 2002. He was vice president of National Association of Investment Banks (“ANBID”) from 1994 to 2001, and a professor in the Department of Economics at the Pontifical Catholic University of Rio de Janeiro (“PUC-RJ”) from 1985 to 1990.
Risk Management
He is currently the chairman of our Risk and Capital Management Committee, and his prior experience in risk management has well-qualified him for this role. His responsibilities include supporting the board of directors in defining the institution’s risk appetite and overseeing the management and control of risk and capital, to ensure they are adequate for the risk levels assumed and the complexity of operations. He served as director of monetary policy at the Central Bank of Brazil from 1991 to 1992. In that capacity, his duties included managing and executing monetary and foreign exchange policy, setting technical guidelines for managing Brazil’s international reserves, and formulating policies for payment arrangements, clearinghouses, settlement systems, and other financial market infrastructures.
ESG
He was an Officer at National Bank for Economic and Social Development (“BNDES”) from 1990 to 1991, which is the Federal Government’s main investment promotion instrument, with a mission to foster the sustainable and competitive development of the Brazilian economy through job creation and the reduction of social and regional inequalities.
Academic Background
He holds a bachelor’s degree and a postgraduate diploma in economics from Pontificia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil, and a Ph.D. in economics from the Massachusetts Institute of Technology (“MIT”), Massachusetts, United States.
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Alfredo Egydio Setubal
Position and Term of Office
He has been a non-executive member of our board of directors since 2007.
Experiences, Skills and Abilities
Financial sector and capital markets
At Itaúsa S.A., he has been serving as CEO and investor relations officer since 2015 and has been a member of the board of directors since 2008. He also has been the chairman of the board of directors of Dexco S.A. since 2021 and board member since 2015; a member of the board of directors of Alpargatas S.A. since 2017 and of Copa Energia since 2020. He was chairman of the National Association of Investment Banks (“ANBID”) from 2003 to 2008; and he has been a member of the Superior Guidance, Nomination and Ethics Committee of the Brazilian Institute of Investor Relations (“IBRI”) since 2010, having chaired IBRI’s board of directors from 2000 to 2003. He was also a member of the board of directors of the Brazilian Association of Publicly-Held Companies (“ABRASCA”) from 1999 to 2017. He is currently the chairman of the Environmental, Social and Climate Responsibility Committee and a member of the Disclosure and Trading Committee, the Nomination and Corporate Governance Committee, and the Personnel Committee of Itaú Unibanco.
ESG
He has been the chairman of the Board of Trustees of the Fundação Itaú, an institution responsible for social initiatives focused on education (in partnership with UNICEF and other NGOs) and the democratization and promotion of Brazilian culture, and the Chairman of the Decision-Making Council of the São Paulo Museum of Art (“MASP”) since 2015. He has been a member of the board of directors of the São Paulo Biennial Foundation since 2009. He is also a member of the Boards of the Museum of Modern Art of São Paulo (“MAM”) and the Institute of Contemporary Art (“IAC”).
Academic Background
He holds both bachelor’s and postgraduate degrees in business administration from Fundação Getúlio Vargas (“FGV”), São Paulo, Brazil.
Ana Lúcia de Mattos Barretto Villela
Position and Term of Office
She has been a non-executive member of our board of directors since 2018.
Experiences, Skills and Abilities
Financial sector, capital markets, and other Industries
She has held several positions at the Itaú Unibanco Group, including serving as a member of our board of directors from 1996 to 2001. She is co-founder of MFF&CO, a global impact entertainment studio operating in São Paulo (Brazil), Los Angeles (United States), and London (United Kingdom) since May 2024; co-founder of the Alana Down Syndrome Center at MIT since 2019; alternate member of the board of directors of IUPAR – Itaú Unibanco Participações S.A. since 2018; member of Itaú’s Personnel Committee since 2018; member of Itaú’s Nomination and Corporate Governance Committee since 2018; vice-chair of the board of directors (Non-Executive Member) of Itaúsa S.A. since 2017; member of the Advisory Board of Itaú Social since 2017; co-founder of AlanaLab since 2014; co-founder of Maria Farinha Filmes since 2009; founding chairwoman of the Alana Foundation since 2012; CEO of Instituto Alana since 2002; and Ashoka Fellow since 2010.
ESG
She has been a member of the Social, Environmental, and Climate Responsibility Committee since 2019 (formerly the Social Responsibility Committee); member of Itaúsa’s Sustainability and Risk Committee since 2021. Also serves on the Advisory Board of the Stanford Down Syndrome Research Center since January 2022. Previously served on the board of Participant, a media and entertainment organization founded by social entrepreneur Jeff Skoll, from March 2022 to July 2024; member of the Advisory Board of UCLA Lab School from May 2022 to July 2024; member of the Advisory Board of Instituto Akatu from 2013 to 2017; member of the Advisory Board of Fairplay Organization from 2015 to 2017; member of the Advisory Board of Conectas from 2003 to 2018; member of Dexco’s Sustainability Committee from 2015 to 2018; and alternate member of Dexco’s board of directors from 2018 to 2020.
Technology and Information Security
Since 2018, she has been the first Latin American representative on the XPRIZE Innovation Board, a nonprofit organization founded by Peter Diamandis that designs and manages global competitions to foster the development of breakthrough technologies addressing humanity’s greatest challenges. From 2019 to 2024, Alana Foundation, co-founded by Villela, supported the XPRIZE Rainforest competition, aimed at accelerating the creation of technologies capable of mapping tropical forest biodiversity.
Academic Background
Holds a bachelor’s degree in education with a specialization in school administration and a master’s degree in educational psychology, both from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil. Studied business administration at Fundação Armando Álvares Penteado (“FAAP”), São Paulo, Brazil (incomplete), and attended a postgraduate program in third sector management at Fundação Getulio Vargas (“FGV”), São Paulo, Brazil (incomplete).
João Moreira Salles
Position and Term of Office
He has been a non-executive member of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He currently holds the following positions: (i) CEO of Itaú Unibanco Participações S.A. (“IUPAR”) since 2026, and he has been director since 2023; (ii) member of the board of directors of IUPAR since 2015; (iii) member of the board of directors and CEO of E. Johnston Participações since 2024; (iv) director of Brasil Warrant Administração de Bens e Empresas S.A. (“BWSA”) since 2017; (v) CEO of BW Gestão de Investimentos Ltda. (“BWGI”) since 2022; (vi) board member, since 2019, of Verallia, a glass packaging company with shares on the French Stock Exchange; (vii) chairman of the board of directors of Alpargatas since 2026, and member of the board of directors since 2022; (viii) member of the Strategy and People Committees of Alpargatas since 2022. Furthermore, before joining BWSA, he worked as an investment banker at J. P. Morgan Chase, New York, USA.
Academic Background
He holds a bachelor’s degree in economics from the Institute of Education and Research (“INSPER”), São Paulo, Brazil; Master’s degree in economics from Columbia University GSAS, New York, USA; Master’s degree in finance from Columbia University GSB, New York, USA; and PhD in economic theory from the University of São Paulo (“USP”), São Paulo, Brazil.
Pedro Luiz Bodin de Moraes
Position and Term of Office
He has been an independent member of our board of directors since 2008.
Experiences, Skills and Abilities
Financial sector and capital markets
He was a member of the board of directors of Unibanco – União de Bancos Brasileiros S.A. from 2003 to 2008. He has been a partner at Cambuhy Investimentos Ltda. since 2011 and at Ventor Investimentos Ltda. since 2009. He was a partner at Icatu Holding S.A. from 2005 to 2014, and a partner and officer at Banco Icatu S.A. from 1993 to 2002. He was vice president of National Association of Investment Banks (“ANBID”) from 1994 to 2001, and a professor in the Department of Economics at the Pontifical Catholic University of Rio de Janeiro (“PUC-RJ”) from 1985 to 1990.
Risk Management
He is currently the chairman of our Risk and Capital Management Committee, and his prior experience in risk management has well-qualified him for this role. His responsibilities include supporting the board of directors in defining the institution’s risk appetite and overseeing the management and control of risk and capital, to ensure they are adequate for the risk levels assumed and the complexity of operations. He served as director of monetary policy at the Central Bank of Brazil from 1991 to 1992. In that capacity, his duties included managing and executing monetary and foreign exchange policy, setting technical guidelines for managing Brazil’s international reserves, and formulating policies for payment arrangements, clearinghouses, settlement systems, and other financial market infrastructures.
ESG
He was an Officer at National Bank for Economic and Social Development (“BNDES”) from 1990 to 1991, which is the Federal Government’s main investment promotion instrument, with a mission to foster the sustainable and competitive development of the Brazilian economy through job creation and the reduction of social and regional inequalities.
Academic Background
He holds a bachelor’s degree and a postgraduate diploma in economics from Pontificia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil, and a Ph.D. in economics from the Massachusetts Institute of Technology (“MIT”), Massachusetts, United States.
Pedro Luiz Bodin de Moraes
Position and Term of Office
He has been an independent member of our board of directors since 2008.
Experiences, Skills and Abilities
Financial sector and capital markets
He was a member of the board of directors of Unibanco – União de Bancos Brasileiros S.A. from 2003 to 2008. He has been a partner at Cambuhy Investimentos Ltda. since 2011 and at Ventor Investimentos Ltda. since 2009. He was a partner at Icatu Holding S.A. from 2005 to 2014, and a partner and officer at Banco Icatu S.A. from 1993 to 2002. He was vice president of National Association of Investment Banks (“ANBID”) from 1994 to 2001, and a professor in the Department of Economics at the Pontifical Catholic University of Rio de Janeiro (“PUC-RJ”) from 1985 to 1990.
Risk Management
He is currently the chairman of our Risk and Capital Management Committee, and his prior experience in risk management has well-qualified him for this role. His responsibilities include supporting the board of directors in defining the institution’s risk appetite and overseeing the management and control of risk and capital, to ensure they are adequate for the risk levels assumed and the complexity of operations. He served as director of monetary policy at the Central Bank of Brazil from 1991 to 1992. In that capacity, his duties included managing and executing monetary and foreign exchange policy, setting technical guidelines for managing Brazil’s international reserves, and formulating policies for payment arrangements, clearinghouses, settlement systems, and other financial market infrastructures.
ESG
He was an Officer at National Bank for Economic and Social Development (“BNDES”) from 1990 to 1991, which is the Federal Government’s main investment promotion instrument, with a mission to foster the sustainable and competitive development of the Brazilian economy through job creation and the reduction of social and regional inequalities.
Academic Background
He holds a bachelor’s degree and a postgraduate diploma in economics from Pontificia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil, and a Ph.D. in economics from the Massachusetts Institute of Technology (“MIT”), Massachusetts, United States.
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year, after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year, after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
João Moreira Salles
Position and Term of Office
He has been a non-executive member of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He currently holds the following positions: (i) CEO of Itaú Unibanco Participações S.A. (“IUPAR”) since 2026, and he has been director since 2023; (ii) member of the board of directors of IUPAR since 2015; (iii) member of the board of directors and CEO of E. Johnston Participações since 2024; (iv) director of Brasil Warrant Administração de Bens e Empresas S.A. (“BWSA”) since 2017; (v) CEO of BW Gestão de Investimentos Ltda. (“BWGI”) since 2022; (vi) board member, since 2019, of Verallia, a glass packaging company with shares on the French Stock Exchange; (vii) chairman of the board of directors of Alpargatas since 2026, and member of the board of directors since 2022; (viii) member of the Strategy and People Committees of Alpargatas since 2022. Furthermore, before joining BWSA, he worked as an investment banker at J. P. Morgan Chase, New York, USA.
Academic Background
He holds a bachelor’s degree in economics from the Institute of Education and Research (“INSPER”), São Paulo, Brazil; Master’s degree in economics from Columbia University GSAS, New York, USA; Master’s degree in finance from Columbia University GSB, New York, USA; and PhD in economic theory from the University of São Paulo (“USP”), São Paulo, Brazil.
Marcos Marinho Lutz
Position and Term of Office
He has been an independent member of our board of directors since 2025.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He has been serving as the Chairman of the board of directors of Ultracargo Logística S.A., Ultrapar Participações S.A., Companhia Ultragaz S.A., and Ultrapar Mobilidade S.A. since 2025, and of Hidrovias do Brasil S.A. since 2024. He has been a member of the board of directors of Corteva Agriscience since 2019. He has been the CEO of Ultrapar Participações S.A. since 2022 and a member of the People and Sustainability Committee and an officer of Ultra S.A. Participações since 2021. Mr. Lutz was Chairman of the Infrastructure Council of the São Paulo State Industry Federation (“FIESP”) from 2015 to 2021; a member of the board of directors of Rumo Logística S.A. from 2008 to 2020 and its Chairman from July to December 2020; CEO of Cosan S.A. – Indústria e Comércio from 2009 to 2020; a board member of Raízen S.A. from 2013 to 2020, Comgás S.A. from 2008 to 2020 and Moove S.A. from 2008 to 2020; and a member of the board of directors of Monsanto S.A. from 2014 to 2018.
Academic Background
He holds a bachelor’s degree in naval engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil, and a master’s degree in business administration from the Kellogg School of Management at Northwestern University, Illinois, United States.
Ricardo Villela Marino
Date of birth: January 28, 1974
Position and Term of Office
He has been a vice chairman of our board of directors since 2020.
Experiences, Skills and Abilities
Financial sector and capital markets
He has been the chairman of the Latin America Strategic Council since 2018, leading the innovation and exploration of growth opportunities across the region. He is also the Chairman of the board of directors of Itaú Chile. He has held several positions at Itaú Unibanco Group since 2002, including serving as a vice president from 2010 to 2018 and as CEO of Itaú’s Latin America operations (Argentina, Chile, Paraguay and Uruguay). He started his career at Banque Credit Commercial de France (“CCF”) and worked in fixed income and equities at Banco Garantia/CSFB and at Goldman Sachs Asset Management in New York and London, where he was a portfolio manager for emerging markets. He served as chairman of the Latin American Bank Federation (“FELABAN”) and was named a Young Global Leader by the World Economic Forum (“WEF”). He has been an alternate member of our board of directors since 2011.
Financial Inclusion and Entrepreneurship
He is currently vice chairman of Humanitas 360, a non-profit organization focused on catalyzing social and civic entrepreneurship among young people. He is the chairman of Instituto PDR, an organization aimed at investing in and preparing new entrepreneurs with a focus on social academic transformation.
Academic Background
He holds a bachelor’s degree in mechanical engineering from the University of São Paulo (“USP”), São Paulo, Brazil. He hold´s a master’s degree in business administration from the Massachusetts Institute of Technology (“MIT”) Sloan School of Management, Massachusetts, United States.
Gustavo Lopes Rodrigues
Position and term of office
Gustavo Lopes Rodrigues has been a partner since 2021, Investor Relations Officer and Chairman of the Disclosure and Trading Committee since August 2024 at the Itaú Unibanco Holding S.A. and has also served as Investor Relations Officer at Investimentos Bemge S.A. since June 2024 and at Dibens Leasing S.A. since August 2024.
Experiences, skills and abilities
Financial sector, capital markets and other sectors
He has more than 20 years of experience, has built his career in various areas within Finance and served as Superintendent of Investor Relations between 2017 and 2024.
Academic background
Bachelor’s degree in Business Administration.
Alfredo Egydio Setubal
Position and term of office
Non-executive Member of the Board of Directors since 2007.
Experiences, skills and abilities
Financial sector and capital markets
At Itaúsa S.A., he has been CEO and Investor Relations Officer since 2015 and a Member of the Board of Directors since 2008. He has also been the Chairman of the Board of Directors of Dexco S.A. since 2021 and a Member of their Board since 2015. He has also been a Member of the Board of Directors of Alpargatas S.A. since 2017 and of Copa Energia since 2020. He served as Chairman of the National Association of Investment Banks (ANBID) between 2003 and 2008. He has been a Member of the Superior Committee for Guidance, Nomination and Ethics of the Brazilian Institute of Investor Relations (IBRI) since 2010, having been the Chairman of its Board of Directors between 2000 and 2003. He was also a Member of the Board of Directors of the Brazilian Association of Listed Companies (ABRASCA) between 1999 and 2017. He is currently the Chairman of the Environmental, Social and Climate Responsibility Committee and a Member of the Disclosure and Trading Committee, the Nomination and Corporate Governance Committee and the Personnel Committee of Itaú Unibanco.
ESG
He has been the Chairman of the Board of Trustees of the Itaú Foundation, institution responsible for social initiatives aimed at education (in partnership with UNICEF and other NGOs) and the democratization and appreciation of Brazilian culture and Chairman of the Decision-Making Council of the São Paulo Museum of Art (MASP) since 2015. He has been a Member of the Board of Directors of the São Paulo Biennial Foundation since 2009. He is also a Member of the Board of Directors of the São Paulo Museum of Modern Art (MAM) and of the Institute of Contemporary Art (IAC).
Academic background
He holds Bachelor’s and Postgraduate degrees in Business Administration from Fundação Getulio Vargas (FGV), São Paulo, Brazil.
Álvaro Felipe Rizzi Rodrigues, a Member of the Partners Program, has been an Officer at the Itaú Unibanco Group since 2014. He is currently responsible for the following Legal Departments: Wholesale Banking and Companies Banking (responsible for legal issues related to investment banking, brokerage services, treasury, wealth management services – asset management, private banking, banking products for companies, allocated funds and onlending, international loans and foreign exchange), Civil Litigation, Proprietary M&A, National and International Corporate Affairs, Corporate Governance, Anti-Trust, as well as for the Ombudsman’s Office and Government Relations Department of Itaú Unibanco. Mr. Rodrigues had been previously responsible for the Legal Retail Banking Department (responsible for legal issues related to products and services for the individual customers’ segment – checking account, payment account, cards, acquiring services, payroll loans, real estate loans, vehicle financing, consortia, insurance, pension plans, capitalization operations, etc.). He has also been an Officer at the Fundação Itaú since 2019. He joined the Itaú Unibanco Group in 2005, serving as Legal Manager and, after that, he served as Legal Superintendent (2005 to 2014). He also worked in the Corporate Law and Contract Law departments (1998 to 2005), at Tozzini Freire Advogados.
He holds a Bachelor’s degree in Law from the Faculdade de Direito da Universidade de São Paulo (USP), São Paulo, Brazil. Mr. Rodrigues has also attended a specialization course in Corporate Law from the Pontifícia Universidade Católica de São Paulo (PUC-SP), São Paulo, Brazil. He holds a Master of Laws (L.L.M.) from the Columbia University Law School, New York, U.S.
Andre Balestrin Cestare, a member of the Partners Program, has been our officer since 2017. He is currently responsible for the Retail Banking financial planning department and the Technology and Operations department. He has held several positions at the Itaú Unibanco Group, including Wholesale Banking financial planning officer from 2019 to 2022, Retail Banking financial planning officer from 2017 to 2019 and finance superintendent from 2010 to 2017.
He holds a Bachelor’s degree in Mechanical Engineering from Escola Politécnica da Universidade de São Paulo (USP), São Paulo, Brazil; a postgraduate degree in business administration and a professional master’s degree in finance and economics, both from Fundação Getulio Vargas (FGV), São Paulo, Brazil. He also attended the Executive Qualification Program from the Fundação Dom Cabral, São Paulo, Brazil.
Gabriel Amado de Moura
Position and term of office
Member of the Partners Program since 2011, has been an Officer of the Executive Committee and CFO at the Itaú Unibanco Group since September 2024.
Experiences, skills and abilities
Financial sector, capital markets and other sectors
He was appointed CEO of Banco Itaú Chile in January 2020, and has served as CFO at Itaú CorpBanca since April 2016. He joined Itaú Unibanco in 2000 and became a partner in 2017. He has over 24 years of experience in asset management, risk management and mergers and acquisitions. Mr. Moura held the position of investment manager for the pension fund, endowment and insurance business lines. He was also a risk manager in the Wealth Management department and has been a member of the board of directors of a number of companies of the Itaú Unibanco Conglomerate in Brazil and abroad. Before joining the bank, he worked at BBVA Asset Management and Itaú Bankers Trust.
He has been the CEO since July 2024 and Chairman of the Board of Directors of Investimentos Bemge S.A. since September 2024. He has been the Chairman of the Board of Directors since September 2024 and an Officer of Dibens Leasing S.A. since October 2024.
Academic background
He holds an MBA degree from Wharton School, University of Pennsylvania, U.S.
José Virgilio Vita Neto
Position and term of office
He is a member of the Partners Program, has been an Officer of the Executive Committee at the Itaú Unibanco Group since 2023, leading the Legal, Ombudsman’s, Governmental Relations and Sustainability departments.
Experiences, skills and abilities
Financial sector, capital markets and other sectors
He started his career at the Itaú Unibanco Group in 2000 as a lawyer and was elected as Officer in 2011.
He is also an Executive Officer at the Brazilian Federation of Banks (FEBRABAN).
Academic background
He holds a Bachelor’s degree in Law from Universidade de São Paulo (USP), São Paulo, Brazil; a Master’s degree in Contract Law from Universidad de Salamanca, Salamanca, Spain; a Ph.D. in Contract Law from Universidade de São Paulo (USP) São Paulo, Brazil, and has attended the Authentic Leadership Development Program from Harvard Business School, Boston, U.S.
Renato Lulia Jacob has been a partner and an Officer at the Itaú Unibanco Group where he has been responsible since April 2024 for the Corporate Strategy, Investor Relations and Corporate Development and has been a member of the Disclosure and Trading Committee since 2019. He served as Group Head of Investor Relations and Market Intelligence and Chairman of the Disclosure and Trading Committee (2020 to 2024). Mr. Jacob has been at the Itaú Unibanco Group for 23 years, having held several positions, including CEO and Member of the Board of Directors at Itau BBA International plc, in the United Kingdom, and Member of the Boards of Directors at Itau International, in the U.S., and Itau Suisse, in Switzerland from 2016 to 2020, a Managing Director of Banco Itau Argentina S.A. from 2006 to 2010 and a Managing Director, Head of CIB Europe from 2011 to 2015.
He has been an Independent Member of the Board of the Royal Institution of Great Britain, in the United Kingdom.
He was an Independent Member of the Board of the Fight for Peace International from 2017 to 2022 and fellow of the Institute of Directors from 2015 to 2017.
He holds a Bachelor’s degree in Civil Engineering from Universidade de São Paulo (USP), São Paulo, Brazil, and has attended the Advanced Management Program and taken part in the CEO Academy, both from the Wharton School of the University of Pennsylvania, Philadelphia, U.S.
Maria Helena dos Santos Fernandes de Santana
Position and Term of Office
She has been an independent member of our board of directors since 2021 and Chair of the Audit Committee since 2023.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
She has been an independent member of our board of directors since 2021 and an independent member of the Audit Committee since 2022, serving as its Chair since April 2023. She also served as a member of the Audit Committee of Itaú Unibanco Holding from 2014 to 2020. She is a member of the board of directors and Chairwoman of the Audit Committee of CI&T Inc., and a member of the board of directors of Fortbras S.A. She served as a member of the board of directors and Chairwoman of the Audit Committee of XP Inc. from 2019 to 2021; Chairwoman of the Audit Committee of XP Investimentos S.A. from 2018 to 2019; a member of the board of directors of Bolsas y Mercados Españoles (“BME”) from 2016 to 2020; a Trustee of the IFRS Foundation from 2014 to 2019; a member of the board of directors and Coordinator of the Audit Committee of Totvs S.A. from 2013 to 2017; and a member of the board of directors of CPFL Energia S.A. from 2013 to 2015. She was also Chair of the Brazilian Securities and Exchange Commission (“CVM”) from 2007 to 2012 (having been a Commissioner from 2006 to 2007), representing CVM on the Financial Stability Board (FSB) from 2009 to 2012, and served as Chair of the Executive Committee of the International Organization of Securities Commissions (“IOSCO”) from 2011 to 2012.
ESG
Between 2011 and 2012, she was a member of the International Integrated Reporting Council (“IIRC”), where she later served on the Governance and Nominating Committee until the creation of the Value Reporting Foundation. She worked at the São Paulo Stock Exchange (now B3 S.A.) from 1994 to 2006, where she was involved in the creation and was responsible for the implementation of the Novo Mercado and other corporate governance segments. She was vice president of the Brazilian Institute of Corporate Governance (“IBGC”) from 2004 to 2006, having been a member of its board of directors from 2001 to 2006. She has also been a member of the Latin American Corporate Governance Roundtable (“OECD”) since 2000. She was a member of the board of directors and Coordinator of the People, Appointments and Governance Committee at Oi S.A. from 2018 to 2023. She served as a member of the board of directors and Chairwoman of the Corporate Governance Committee of Companhia Brasileira de Distribuição S.A. from 2013 to 2017. She was honored with the Excellence in Corporate Governance Award by the International Corporate Governance Network (“ICGN”) in 2012.
Academic Background
She holds a bachelor’s degree in economics from the University of São Paulo (“USP”), São Paulo, Brazil.
Alexandre de Barros, has been a member of the Audit Committee of Itaú Unibanco Group since 2021. He held several positions at Itaú Unibanco Group, including Executive Vice President of Technology from 2011 to 2015; Executive Officer from 2005 to 2010; Senior Managing Officer from 2004 to 2005; and Managing Officer from 1994 to 2004.
He served as a member of the board of directors of Serasa S.A. from 2003 to 2007, acting as its Chairman from 2006 to 2007, and as a member of the board of directors of Diagnósticos da América S.A. (“DASA”) from 2015 to 2023. He was also a member of the board of directors of Dexco S.A. from 2020 to 2024 and of its IT and Digital Innovation Committee from 2017 to 2024.
He holds a bachelor’s degree in Aeronautical Infrastructure Engineering from Instituto Tecnológico de Aeronáutica (“ITA”), São Paulo, Brazil; a specialization in Risk Management from INSEAD, Fontainebleau, France; and an MBA from New York University (“NYU”), New York, United States.
Fernando Barçante Tostes Malta, has been a member of the Audit Committee of Itaú Unibanco Group and of Itaú Chile since 2023. He held several positions at Itaú Unibanco Group, including Executive Officer from 2015 to 2021. He also served in the Internal Controls and Compliance Office from 2016 to 2021, where he oversaw the Group’s non-financial risks, the Environmental & Social Risk department, operational risks and compliance from 2017 to 2021, information security, anti-money laundering and fraud prevention, as well as coordination of operational risk control for international units.
He served as Officer of Card Operations, Redecard, Real Estate Loans, Vehicle Financing, Consortia, Collections, Legal Operations, and all active client services from 2015 to 2016.
He was also an Officer overseeing Customer Service, Card Operations and Services, Real Estate Loans, Vehicle Financing, Consortia, and Insurance & Capitalization Operations from 2013 to 2015. He served as Customer Service and Operations Officer for Consumer Credit (cards and finance companies) from 2011 to 2013; Customer Service Officer for Consumer Credit (cards and finance companies) from 2009 to 2011; and Channels and CRM Officer at Unibanco (prior to the merger) from 2004 to 2009.
He began his career in 1988, holding a variety of roles. He worked in the management of Channels, Branches and the Institutional Portfolio, and participated in several projects and initiatives from 1995 to 2008.
He also held positions as alternate member of the board of directors of Tecnologia Bancária S.A.; deputy member of the board of directors of Luizacred S.A. – Crédito, Financiamento e Investimento; alternate member of the board of directors of Financeira Itaú CBD Crédito, Financiamento e Investimento and of Banco Carrefour S.A.; and member of the Boards of Directors of Itaú BBA International PLC and Itaú BBA USA Securities Inc.
Mr. Malta was the Director of FEBRABAN’s Anti-Money Laundering Commission in 2021.
He holds a bachelor’s degree in Information Technology from Pontifícia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil; an MBA from Fundação Dom Cabral, São Paulo, Brazil; an extension in Strategy from the Kellogg School of Management at Northwestern University, Illinois, United States; and an extension in Bank Management from the Swiss Finance Institute (“SFI”), Zurich, Switzerland.
Luciana Pires Dias, has been a member of the Audit Committee of Itaú Unibanco Group since 2020. She has been a partner at L. Dias Advogados since 2016, where she works as a consultant, arbitrator, and legal opinion writer on financial and capital markets matters. She has been a professor at Fundação Getulio Vargas (“FGV”) since 2008, and she been a member of the board of directors of AMBEV S.A. since 2023.
She was an Officer of the Brazilian Securities Commission (“CVM”) from 2011 to 2015 and Head of Market Development at CVM from 2007 to 2010. Ms. Dias was CVM’s representative on the OECD Corporate Governance Committee from 2011 to 2015 and at the Latin American Corporate Governance Roundtable organized by OECD from 2009 to 2015. She worked at law firms in São Paulo, Rio de Janeiro (Brazil), and New York (USA) from 1998 to 2006.
She holds bachelor’s, master’s, and doctoral degrees in commercial law from the University of São Paulo (“USP”), São Paulo, Brazil, and a Master of the Science of Law (J.S.M.) from Stanford Law School, California, United States.
Rogério Carvalho Braga, has been a member of the Audit Committee of Itaú Unibanco Group since 2021 and a member of the board of directors of Banco Itaú Chile (formerly Itaú CorpBanca). He held several positions at Itaú Unibanco Group, including Officer in 2020 and Corporate Managing Director of Marketing, Franchise and Products at Itaú CorpBanca from 2016 to 2018. He joined Itaú Unibanco Group in 1999 and was elected Officer in 2000.
He holds a bachelor’s degree in law from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil, and an MBA from Pepperdine University, California, United States.
Maria Elena Cardoso Figueira, she has been a Member of the Audit Committee at Itaú Unibanco Group since October 2025.
She has been a partner and owner of Figueira Consultoria Econômica Eireli – EPP since December 2014. She has been a Fiscal Council Member at Camil Alimentos S.A. since May 2020, and served as President from May 2022 to July 2025; a Member of the Audit and Risk Committee at Hospital Sírio Libanês since July 2021 and its Coordinator since April 2024; a Fiscal Council Member at the Brazilian Business Council for Sustainable Development – CEBDS since June 2023; an Independent Member of the Audit Committee at HOB Eventos, Treinamento e Publicações Ltda. since August 2024; and an Alternate Member of the Fiscal Council at Enercan – Campos Novos Energia S.A. (Votorantim Group) since May 2025.
She also served as an Independent Member of the Audit Committee from 2018 to 2025 and Financial Specialist at Banco Santander (Brasil) S.A. from 2021 to 2025; an Independent Member of the Audit Committee at BR Properties S.A. from 2022 to 2023; a Fiscal Council Member from 2022 to 2023 and Alternate Member of the Fiscal Council from 2021 to 2022 at B3 S.A.; an Independent Member of the Audit Committee at Lojas Americanas S.A. from 2020 to 2021; an Alternate Member of the Fiscal Council at CCR S.A. from 2019 to 2020; an Independent Member and President of the Advisory Committee at HSBC Brasil S.A. – Banco de Investimento from 2017 to 2018; President and Independent Member of the Advisory Board and Audit and Risk Committee at HSBC Bank Brasil S.A. – Banco Múltiplo from 2014 to 2016; Project Director at Banco Santander, S.A. – Spain from 2012 to 2014; Coordinator and Independent Member of the Audit Committee from 2004 to 2012 and Financial Specialist from 2011 to 2012 at Banco Santander (Brasil) S.A.; Director of Tax Consulting for Financial Institutions and International Taxation at KPMG Corporate Finance from 2003 to 2004; Director of Accounting and Financial Control at Banco Bilbao Vizcaya Argentaria Brasil S.A. from 2001 to 2002; Deputy Director of Tax Planning at Banco Santander Brasil S.A. from 1999 to 2001; Tax Manager at Arthur Andersen Consultoria Fiscal-Financeira S/C Ltda. from 1991 to 1999.
She holds a bachelor’s degree in economics from PUC-RJ, Rio de Janeiro, Brazil. She completed the Senior Executive Management Program (“SEMP”) at IESE/University of Navarra, Spain, and MBA in Luxury Management from (“FAAP”), São Paulo, Brazil.
Adriano Cabral Volpini, a member of the Partners Program, he has been served as Corporate Security Director and Chief Security Officer (“CSO”) at Itaú Unibanco Group since 2012, with over 30 years of experience in the financial sector, 25 of which focused on risk and security activities. He has held several positions within Itaú Unibanco Group, including Superintendent of Illicit Acts Prevention from 2005 to 2012; Illicit Acts Prevention Manager from 2004 to 2005; Inspection Manager in 2003; Inspector from 1998 to 2003; and Auditor from 1996 to 1997, in addition to serving as an executive in several Itaú Unibanco Group companies.
He currently serves as a Board Member of the Cybersecurity Commission as a cybersecurity specialist and as a full member of FEBRABAN’s Fraud Prevention Commission. He participated as a panelist at the 33rd Edition of FEBRABAN TECH 2023 – Technological Innovations and Cyber Resilience at the Service of Society.
He is also a member of Banco Carrefour’s Risk Committee and serves as an Executive Officer specializing in operational and security risks. Additionally, he is a statutory member of ToTvs Techfin, where he holds a position on the Audit Committee, overseeing operational and security risks for the company.
He holds a bachelor’s degree in accounting and financial administration from Fundação Armando Álvares Penteado (“FAAP”), São Paulo, Brazil, and an MBA in finance from Brazilian Institute of Capital Markets (“IBMEC”), Brazil. He has also completed courses in innovation at Stanford University and strategy and finance at Harvard University, both in the United States. He has been a certified professional by the Association of Certified Fraud Examiners since December 2003.
Albano Manoel Almeida, a member of the Partner Program, he has been an Officer at Itaú Unibanco Holding since October 2025. He is currently responsible for CRM, Engagement, and Data. He has held several positions at Itaú Unibanco Group, including Superintendent of CRM and Individual Engagement from 2019 to 2025; Superintendent of Credit Products for Individuals from 2015 to 2019; Superintendent of Individual Checking Accounts and Projects from 2014 to 2015; Customer Profitability Manager from 2012 to 2014; Individual Tariffs and Checking Accounts Manager from 2011 to 2012; Integrated Credit Offer Manager from 2010 to 2011; Personnalité Studies and Models Manager from 2009 to 2010; Individual Products Coordinator in the Customer Management Department from 2008 to 2009; Coordinator of Special Studies for Individual Products from 2007 to 2008; Analyst of Special Studies for Individual Products from 2006 to 2007; and Trainee in Special Studies for Individual Products from 2005 to 2006. He represents Itaú Unibanco in the Executive Commissions of Individual Products, with emphasis on topics such as overdraft self-regulation, Fundo de Financiamento ao Estudante do Ensino Superior (“FIES Revision”), and the New IN for Payroll Loans at FEBRABAN.
He worked as a Treasury Controller Trainee from 2004 to 2005 at Banco Fibra.
He holds a bachelor’s degree in engineering from University of São Paulo (“USP”), São Paulo, Brazil, a CFM – Certificate in Financial Management from Insper Institute of Education and Research, São Paulo, Brazil, and completed the Program for Management Development at ISE Business School, São Paulo, Brazil.
Álvaro Felipe Rizzi Rodrigues, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2014. He is currently responsible for the following legal departments: Wholesale Banking and Corporate Banking (covering legal matters related to investment banking, brokerage, treasury, asset management and other wealth management services, private banking, banking products for large, medium and small companies, directed credit and on-lending, international loans and foreign exchange); Civil Litigation; Proprietary M&A; National and International Corporate Affairs; Corporate Governance (Legal); Antitrust; as well as the Ombudsman’s Office and Government Relations departments of Itaú Unibanco. He previously led the Retail Banking Legal department (handling legal issues related to products and services for individual customers – checking accounts, payment accounts, credit cards, merchant acquiring, payroll loans, mortgage loans, vehicle financing, consortia, insurance, private pension plans, capitalization products, etc.). He has also served as a Director of Fundação Itaú (Itaú Foundation) since 2019. He joined Itaú Unibanco Group in 2005, serving as Legal Manager and later as Legal Superintendent from 2005 to 2014. He also worked in the Corporate Law and Contract Law departments at Tozzini Freire Advogados from 1998 to 2005.
He holds a bachelor’s degree in law from the University of São Paulo (“USP”), São Paulo, Brazil, and completed a specialization course in corporate law at Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil. He holds a Master of Laws (LL.M.) from Columbia Law School, New York, United States.
Andre Balestrin Cestare, member of the Partners Program, has been an Officer since 2017. He is currently responsible for Retail Banking Financial Planning and for Technology and Operations. He has held several positions at Itaú Unibanco Group, including Wholesale Banking Financial Planning Officer from 2019 to 2022, Retail Banking Financial Planning Officer from 2017 to 2019, and Finance Superintendent from 2010 to 2017.
He holds a bachelor’s degree in mechanical engineering from the University of São Paulo (“USP”), São Paulo, Brazil; a postgraduate degree in business administration and a professional master’s degree in finance and economics, both from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. He also attended the Executive Management Training Program at Fundação Dom Cabral, São Paulo, Brazil.
André Mauricio Geraldes Martins, member of the Partners Program, has been an Officer at Itaú Unibanco Group since January 2021. He is currently responsible for the Credit Risk and Retail Risk Modeling departments. Mr. Martins has held several positions at Itaú Unibanco Group, including Risk Superintendent from 2017 to 2020 and Credit & Collections Superintendent from 2006 to 2013. He also served as Executive Finance Superintendent at Banco Pan (BTG) from 2013 to 2016. He started his career in the telecommunications industry at Vivo Telefônica S.A., where he worked from 2002 to 2005.
He holds an MBA in corporate management from Fundação Dom Cabral, São Paulo, Brazil, a post-MBA certificate from the Kellogg School of Management at Northwestern University, Illinois, United States, and completed executive education in risk management at The Wharton School, University of Pennsylvania, United States.
c He is currently globally responsible for the Corporate & Investment Banking division, which includes Fixed Income structuring and distribution (local and international DCM, project finance, and structured transactions), Equity structuring and distribution (ECM), and Mergers & Acquisitions (M&A). He is also the chairman of Itaú BBA International, our bank in Europe. He has held several positions at Itaú Unibanco Group, serving as head of CIB (corporate and investment banking divisions), head and managing director of investment banking in Brazil, and officer of the corporate banking department between 2008 and 2020. Mr. Duarte was an investment banking officer at Banco UBS Pactual from 2007 to 2008, and previously a managing partner at KPMG, where he began his career.
He holds a bachelor’s degree in business administration from Pontifícia Universidade Católica de Minas Gerais (“PUC-MG”), Minas Gerais, Brazil.
Daniel Menezes Santana, a member of the Partners Program, he has been an Officer at Itaú Unibanco Holding and Chief Information Security Officer (CISO) since April 2025. He is currently responsible for Information Security and Cybersecurity. He has held several positions, including Information Security Superintendent from 2018 to 2025 and Information Security Manager from 2014 to 2018 at Itaú Unibanco. He also worked as Information Security Coordinator from 2013 to 2014 at Santander Brazil; Information Security Specialist from 2010 to 2013 at R7.com (Record network); Information Security Consultant in 2010 at Cipher; Information Security Specialist/Project Manager from 2007 to 2010 and Senior Information Security Analyst from 2005 to 2007 at Proteus Information Security Services; and IT Security & Infrastructure Consultant from 2001 to 2007.
He holds a bachelor’s degree in computer science and a postgraduate degree in information security management.
Daniel Sposito Pastore, and a member of the Partners Program, he has been an Officer at Itaú Unibanco Group since 2020. He is currently responsible for the Health, Labor Relations, Legal Analytics, and Labor Legal departments. He has held several positions within Itaú Unibanco Group, including Legal Superintendent, overseeing Labor, Criminal, Union Relations, Higher Courts, Labor Consulting, and WMS from 2012 to 2020; Legal Manager for WMS, working in International, Asset Management, and Brokerage areas from 2008 to 2011; Legal Counsel for WMS from 2004 to 2008; Banking Law Attorney from 2002 to 2003; and Legal Assistant (M&A Legal) from 2000 to 2002.
He has been a member of the National Federation of Banks (“FENABAN”) Union Negotiations Committee since 2019. He also served at the Brazilian Association of Financial and Capital Markets Entities (“ANBIMA”) as a full member of the Legal Committee from 2012 to 2016, acting as Vice-Chair from 2015 to 2016; Coordinator and Liaison with the Brazilian Securities Commission (“CVM”) on behalf of ANBIMA for drafting and implementing new rules on suitability, asset management, fiduciary administration, and investment funds from 2014 to 2016; and led the review of self-regulation codes for fiduciary administration, asset management, and investment funds from 2015 to 2016. He has been a member of the Labor Legal Committee since 2017 and of the Union Negotiation Committee since 2020 at the Brazilian Federation of Banks (“FEBRABAN”).
He holds a bachelor´s degree in law from Universidade Presbiteriana Mackenzie, São Paulo, Brazil, and a postgraduate degree in financial and capital markets law from Insper Institute of Education and Research, São Paulo, Brazil.
Daniela Bottai, a member of the Partners Program, she has been an Officer of Internal Audit at Itaú Unibanco Group since 2023, leading the areas of Technology, Models, Risk, ESG, and International Units.
She has over 30 years of experience in Risk, Compliance, and Audit, with a focus—though not limited to—risk management, compliance management, regulatory strategy, anti-money laundering and counter-terrorism financing, client conduct, customer experience, privacy, technology, financial and payment products, cybersecurity, ESG, and corporate governance. She has worked at financial institutions and fintechs such as PayPal, HSBC, RaboBank, Western Union, Creditas (Grana Aqui), GE Money, JP Morgan Chase, Bank Boston, ABN Amro, and KPMG.
She holds a bachelor´s degree in data processing from the Faculdade de Tecnologia da Universidade Estadual Paulista (“FATEC/UNESP”) and a specialization in business administration and Integrated Systems from CEAG at Fundação Getulio Vargas(“FGV”). She earned an MBA in retail and franchising from the Fundação Instituto de Administração at the University of São Paulo (“FIA-USP”), São Paulo, Brazil. From Stanford University, she received an Executive Entrepreneurship Certification from the Graduate School of Business in California and Babson College in Boston, USA. She is also certified by the ‘Orchestrating Winning Performance’ program, awarded by the Institute for Management Development (“IMD”) in Lausanne, Switzerland.
Emerson Macedo Bortoloto, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2011. He joined Itaú Unibanco Group in 2003, taking on several roles in the Internal Audit department. He is currently the internal audit Officer responsible for planning, executing, and reporting on audits of Itaú Unibanco Group’s retail processes and businesses, as well as for planning, management, and control of audit processes. He has been responsible for assessing processes related to market, credit and operational risks, in addition to Project Auditing and Continuous Auditing. Within Itaú Unibanco Group, he also led audits of Information Technology processes and Retail Credit analysis and approval processes. He is a member of the audit committees of certain Itaú Unibanco subsidiaries and affiliates, such as Banco Itaú Paraguay, Banco Itaú Uruguay, Nuclea S.A., Pravaler, ConectCar, and TecBan. Earlier in his career, he worked at Ernst & Young Auditores Independentes from 2001 to 2003 and at Banco Bandeirantes from 1992 to 2001, where he was responsible for IT and operational process audits.
He holds a bachelor’s degree in data processing technology and a postgraduate qualification in Information Security Auditing and Consulting from Faculdades Associadas de São Paulo (“FASP”), São Paulo, Brazil, as well as an MBA in internal auditing from Fundação Instituto de Pesquisas Contábeis, Atuariais e Financeiras (“FIPECAFI”), Brazil. He holds the following certifications: CISA (Certified Information Systems Auditor) from ISACA, and CCoAud+ (Experienced Audit Committee Member Certification) from IBGC.
Eric André Altafim, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2017. He is currently responsible for the Corporate Client Desks, Foreign Exchange Products, Funding, Derivatives, Energy, Carbon Credit, and Digital Assets desks. He has held several positions at Itaú Unibanco Group, including Head of Client and Specialized Sales, Products and Market Planning from 2015 to 2017; Head of Client and Specialized Sales – CIB (Ultra-Large, Large and Corporate clients) desks from 2012 to 2015; Head of Wholesale Derivatives from 2008 to 2012; Senior Trader from 2005 to 2007; and Trader from 1999 to 2000. He has also been a Director at Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais (“ANBIMA”) since 2022 and a member of the Products and Pricing Committee of B3 S.A. – Brasil, Bolsa, Balcão since 2021. Mr. Altafim also worked as a Relationship and Desk Manager at Banco UBS Pactual from 2007 to 2008; as a Senior Trader at HSBC Bank from 2000 to 2005; and as a Trainee from 1997 to 1999 and Junior Trader in 1999 at Banco CCF.
He holds a bachelor’s degree in business administration from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil, and an MBA in economics from the University of São Paulo (“USP”), São Paulo, Brazil.
Felipe Piccoli Aversa, member of the Partners Program, has been an Officer at Itaú Unibanco Holding since 2025. He is currently responsible for the Financing and Credit Limits – Credit Cards and Bank Account Limits department. He has held several positions at Itaú Unibanco Group, including Current Account and Credit Products – Cards Officer from 2022 to 2024; Products and Planning – Cards Superintendent from 2017 to 2022; Collections Superintendent from 2016 to 2017; Service Architecture Manager from 2015 to 2016; Collections Policy Manager from 2014 to 2015; Collections Policy Coordinator from 2013 to 2014; Collections Operations Coordinator from 2012 to 2013; Senior Product and Sales Strategy Analyst from 2011 to 2012; and Institutional Trainee – Credit/Debit Card Department in 2010. Mr. Aversa also worked as Commercial Planning Coordinator at a Honda dealership Walk Motos, 2007 to 2009 and as a Trainee at Ernst & Young from 2006 to 2007.
He holds a bachelor’s degree in economics from Universidade Estadual Paulista (“UNESP”), São Paulo, Brazil, and a CFM – certificate in financial management from Insper Institute of Education and Research, Brazil.
Felipe Xavier Minhoto Tambelini, a member of the Partners Program, has been an Officer at Itaú Unibanco Holding since April 2025. He is currently responsible for the Fraud Prevention department. He has held several positions at Itaú Unibanco Group, including Head of Payments and Transfers from 2023 to 2025; Products Superintendent – iti (digital wallet) from 2020 to 2023; Digital Products Manager – iti from 2018 to 2020; Digital Payments Products Manager in 2018; Digital Payments Products Coordinator from 2016 to 2018; Analytics Coordinator in 2016; Senior Digital Products Analyst in 2015 to 2016; and Trainee from 2014 to 2015. He also worked as an intern in 2011 at Banco ABC Brasil.
He holds a bachelor’s degree in business administration from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil; completed an extension in finance at FIA/USP, São Paulo, Brazil; and a course in People Management with a focus on Organizational Leadership at Fundação Dom Cabral, São Paulo, Brazil.
Flavio Ribeiro Iglesias, a member of the Partner Program, he has been an Officer since 2015, currently responsible for the Individual Strategy, Loans, and Asset Acquisition Directorate, which consolidates all initiatives focused on the integrated customer experience.
He joined Itaú Unibanco in 2000 and has held several positions during this period, including Superintendent of Individual Products from 2008 to 2012 and Superintendent of Planning from 2012 to 2015.
He holds a bachelor’s degree in civil engineering from Instituto Tecnológico de Aeronáutica (“ITA”), São José dos Campos, São Paulo, Brazil, a specialization in Administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil, and an MBA from Stanford University, California, United States.
Guilherme Barros Leite de Albuquerque Maranhão, member of the Partners Program, has been an officer at Itaú Unibanco Group since May 2024. He is currently responsible for the Debt Capital Market (DCM) for Corporate & Investment Banking (CIB) clients and the fixed income structuring and Distribution departments. He has held several positions at Itaú Unibanco Group, including managing director of Fixed Income Sales, DCM, and structured products from 2015 to 2024; vice president of fixed income credit structuring from 2011 to 2015; and vice president of fixed income corporate sales from 2007 to 2011. He also worked as a Fixed Income Sales Trader at Banco Santander S.A. from 2002 to 2007.
He holds bachelor’s degrees in law from Universidade Presbiteriana Mackenzie, São Paulo, Brazil, and in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. He also holds a postgraduate degree in financial economics from CEAFE/FGV. He is CFA certified, by the CFA Institute.
Gustavo Lopes Rodrigues
Position and Term of Office
Gustavo Lopes Rodrigues, a member of the Partners Program since 2021, has been Investor Relations Officer and Chairman of the Disclosure and Trading Committee at Itaú Unibanco Holding S.A. since August 2024, as well as Investor Relations Officer at Investimentos Bemge S.A. and Dibens Leasing S.A. since June 2024 and August 2024, respectively.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He has 25 years of experience in the financial sector, having built his career across several areas in Finance. He served as Investor Relations Superintendent from 2017 to 2024.
Academic Background
He holds a bachelor’s degree in business administration.
José Geraldo Franco Ortiz Junior, has been the Civil Litigation Legal Officer at Itaú Unibanco Group. He began his career at Itaú Unibanco Group in 2003 as an intern in the Legal department, and in 2021 he was appointed Compliance Officer, a role he held until the end of 2024.
He holds a bachelor’s degree in law from the University of São Paulo (“USP”), São Paulo, Brazil, and a master of laws (LL.M.) from Columbia University School of Law, New York, United States.
Lineu Carlos Ferraz de Andrade, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2014. He is currently responsible for the Consórcio (Consortium financing), Vehicle Financing, Real Estate Financing, Payroll Loans, Microcredit, Logistics, Insurance, and Credit Card Operations. Mr. Andrade has held several positions at Itaú Unibanco Group, including Head of Foreign Exchange and Trade Finance Products from 2013 to 2014; Head of Credit Restructuring Policy and Strategy – Companies from 2011 to 2013; Head of Foreign Exchange and Trade Finance Operations from 2005 to 2011; and Head of Foreign Exchange, Trade Finance and Overseas Branch Systems from 2001 to 2004.
He holds a bachelor’s degree in computer science from Faculdades Associadas de São Paulo (“FASP”), São Paulo, Brazil; an MBA from the University of São Paulo (“USP”), São Paulo, Brazil; a specialization in foreign trade and banking from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil; a specialization in strategic people management from Fundação Dom Cabral, São Paulo, Brazil; a post-MBA certificate from the University of São Paulo (“FIA-USP”), São Paulo, Brazil; and completed risk management training at The Wharton School of the University of Pennsylvania, United States.
Luciana Nicola, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2022. She is currently responsible for the Institutional Relations and Sustainability department. She also serves as a Director of Fundação Itaú para Educação e Cultura (Itaú Education and Culture Foundation), a board member of Fundação Itaú Unibanco Previdência Complementar (pension fund), and CEO of Associação Itaú Viver Mais. She has held several positions at Itaú Unibanco Group, including Superintendent of Institutional Relations, Sustainability and New Business from 2018 to 2021, and Superintendent of Government and Institutional Relations from 2009 to 2018. She worked as a Social Responsibility Manager from 2004 to 2009 at Instituto Unibanco and in the Internal Marketing department at Unibanco S.A. from 1997 to 2004.
Ms. Nicola currently serves as a member of the Board of Instituto do Pacto Global – UN Global Compact Brazil Network; a member of the Strategic Group of the Brazil Climate, Forests and Agriculture Coalition; a member of the Advisory Board of GFANZ (Glasgow Financial Alliance for Net Zero) Brazil; and a member of the Board of the Brazilian Business Council for Sustainable Development (“CEBDS”). She is a member of FEBRABAN’s ESG Committee and was a member of the Steering Committee of Junior Achievement São Paulo from 2005 to 2007.
She holds a bachelor’s degree in law from Universidade São Judas Tadeu, São Paulo, Brazil; postgraduate degrees in semiotics from Pontificia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil, and in leadership and public management from Centro de Liderança Pública (“CLP”) in partnership with the Center on the Legal Profession at Harvard Business School, Cambridge, Massachusetts, United States. She also completed climate change training through IBGC’s Chapter Zero initiative in 2021, a global network to engage boards in climate challenges.
Luis Eduardo Gross Siqueira Cunha, member of the Partners Program, has been an Officer at Itaú Unibanco Holding since April 2025. He is currently responsible for the Operations and IGA (Access Management) department. He has held several positions at Itaú Unibanco Group, including Officer since 2008 and Superintendent from 1998 to 2007, having begun his career at Itaú Unibanco Group in 1993.
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil; participated in an exchange program at the University of Illinois, Chicago, United States; and earned a Master’s in business administration from the Leonard N. Stern School of Business at New York University, New York, United States.
Maira Blini de Carvalho, a member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2022. She is currently responsible for the Retail Banking legal advisory division, which covers legal support for current accounts, payment accounts, credit cards, Pix (instant payment system), issuing and acquiring aspects of payment arrangements, overdraft protection, payroll loans, mortgage loans, vehicle financing, consortia, insurance, and private pension plans, as well as legal matters related to contracts, data, intellectual property, marketing, assets, government sector, and third sector. She has held several positions at Itaú Unibanco Group, including Legal Superintendent from 2017 to 2022; Legal Manager from 2014 to 2017; Legal Coordinator from 2013 to 2014; and Senior Legal Counsel from 2012 to 2013. She also worked as a Foreign Associate in 2010 at White & Case LLP in New York, United States, in the M&A and Capital Markets practices; and as an Attorney at JBS Group from 2007 to 2009. She interned at companies such as Nestlé Brasil Ltda. and Aon Consulting from 2003 to 2007.
She holds a bachelor’s degree in law from Universidade Presbiteriana Mackenzie, São Paulo, Brazil, and a master’s degree in international business and economic law from the Georgetown University Law Center, Washington, D.C., United States.
Marcia Kinsch de Lima, member of the Partners Program, has been an Officer at Itaú Unibanco Group since December 2023 and an Officer at Itaú Unibanco Holding since May 2024. She is currently responsible for the Wholesale Credit Risk and Modeling departments. She also served as Credit Risk Superintendent from 2017 to 2023 and Senior Credit Manager from 2006 to 2014 at Itaú Unibanco Group.
She worked in the credit departments of Banco Bradesco from 2016 to 2017, HSBC from 2014 to 2016, and BankBoston from 1995 to 2006, also working in the Commercial department at the latter.
She holds a bachelor’s degree in economics from the Federal University of Minas Gerais, Brazil; a postgraduate degree in financial management from Fundação Dom Cabral, Brazil; and a master’s degree in business administration from a joint program of Boston University/Columbia University, United States.
Mário Newton Nazareth Miguel, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2021. He is currently responsible for the Accounts, Payments and Cards Products & Platforms department. He has held several positions at Itaú Unibanco Group, including Digital Products Superintendent from 2017 to 2020; Digital Business Superintendent from 2016 to 2017; Cards – Digital Channels Manager from 2013 to 2016; Electronic and Physical Channels Manager – Cards from 2010 to 2013; and Cards Project Specialist from 2008 to 2010.
He also worked as a Product Manager at Banco ABN AMRO Real from 2007 to 2008; as a Marketing Specialist from 2005 to 2007 and Client Relations Analyst from 2004 to 2005 at Claro S.A.; and as a Business Analyst from 1998 to 2003 at Tess S.A. (telecommunications).
He holds a bachelor’s degree in business administration from Universidade Paulista (“UNIP”), São Paulo, Brazil; a postgraduate degree in economics from the University of Campinas (“UNICAMP”), São Paulo, Brazil; an MBA in business management from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil; an international MBA module from Ohio University, Ohio, United States; a specialization in Executive Leadership from Fundação Dom Cabral, São Paulo, Brazil; and a postgraduate certificate in positive psychology from Pontifícia Universidade Católica do Rio Grande do Sul (“PUC-RS”), Rio Grande do Sul, Brazil.
Mayara Arci Rezeck, member of the Partners Program, has been an Officer at Itaú Unibanco Holding since March 2025. She is currently responsible for the Vehicle Financing department. She has held multiple positions at Itaú Unibanco Group, including Strategic Planning Superintendent for Real Estate, Vehicles, and Consórcio from 2023 to 2025; Commercial Superintendent from 2020 to 2023; Product Manager from 2017 to 2020; Credit Policy Coordinator from 2016 to 2017; and Trainee from 2013 to 2015.
She holds a bachelor’s degree in business administration from the Federal University of Itajubá, Minas Gerais, Brazil, and an MBA from INSEAD, Fontainebleau, France.
Michele Maria Vita, member of the Partners Program, has been an Officer at Itaú Unibanco Group since September 2024, responsible for the Itaú Shop, iCarros, Tag Itaú, and loyalty rewards programs departments. Ms. Vita served as CEO of iCarros from 2022 to 2024; Digital Business Superintendent from 2017 to 2021; Business Superintendent – Credit Cards from 2014 to 2017; Loyalty Superintendent – Credit Cards from 2012 to 2014; Product Manager – Credit Cards from 2011 to 2012; Portfolio and Debit Card Manager – Credit Cards from 2010 to 2011; Summer Associate – Private Wealth Management in 2009; Credit Card Product Manager from 2005 to 2008; and Product Manager from 2001 to 2005.
He holds a bachelor’s degree in business administration from Fundação Armando Alvares Penteado (FAAP), São Paulo, Brazil, and an MBA from London Business School, United Kingdom…
Paulo Sergio Miron, member of the Partners Program, has been the Officer responsible for Internal Audit (Chief Audit Executive) of Itaú Unibanco Group since 2015.
He has been a Director of Instituto Unibanco and Fundação Itaú para Educação e Cultura; a member of the Fiscal Council at Fundação Maria Cecília Souto Vidigal; a member of the Fiscal Council at Instituto Lemann; a member of the Fiscal Council at Fundação Nova Escola; Coordinator of the Audit Committee at Zup Tecnologia; and a member of the Audit Committee at Avenue. Mr. Miron has also served as a financial expert on the Audit Committee of Porto Seguro, Banco Carrefour, and XP Inc.
With over 28 years of experience in independent auditing, he was a partner at PricewaterhouseCoopers (“PwC”) Brazil from 1996 to 2014, responsible for auditing major Brazilian financial conglomerates, heading the Brasília (Federal District) office, and leading the Government Services and Banking practices.
He has been an instructor for the Brazilian Institute of Corporate Governance (“IBGC”) training course for members of Audit, Fiscal, and Control Committees. He is a frequent speaker at seminars on governance, auditing, and financial markets. Mr. Miron also coordinated PwC Brazil’s financial institutions training department for over ten years and worked as a university professor teaching courses related to the financial market.
He holds bachelor’s degrees in economics from Universidade Presbiteriana Mackenzie, São Paulo, Brazil, and in accounting from Universidade São Judas Tadeu, São Paulo, Brazil.
Pedro Henrique Moreira Ribeiro, member of the Partners Program, has been an Officer at Itaú Unibanco Group since May 2024 and is currently responsible for the Tax Legal department.
He has 25 years of experience in corporate and product taxation, tax consulting, and tax litigation, having worked in tax departments of financial institutions. He served as Tax Legal Superintendent at Itaú Unibanco Group from 2013 to 2024 and at Citigroup as Deputy Tax Superintendent from 2010 to 2013, and as Tax Specialist from 2006 to 2010.
He began his career in the tax department of JP Morgan Chase as an intern from 1999 to 2002 and later as a Tax Analyst from 2002 to 2006.
He is Vice-Chair of the Tax Committee at the Brazilian Association of Financial and Capital Markets Entities (“ANBIMA”) and a member of the Tax Committee at the Brazilian Federation of Banks (“FEBRABAN”).
He holds a bachelor’s degree in law from Universidade Presbiteriana Mackenzie, São Paulo, Brazil, and completed a specialization in tax law at Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil.
Rafael Vietti da Fonseca, member of the Partners Program, has been an Officer at Itaú Unibanco Group since May 2024 and is currently responsible for legal services at Itaú BBA, Itaú Corretora (brokerage), and the Corporate Banking unit. In this capacity, he oversees legal advisory for capital markets transactions (IBD, M&A advisory, ECM and DCM), research, banking products for small, medium, and large companies, and financial advisory and credit recovery (special situations, judicial and extrajudicial restructurings, bankruptcies, and collections). He also currently works on institutional initiatives, including environmental and social issues and responsible business practices. He has been with Itaú Unibanco Group since 2006 and previously held several positions including Legal Superintendent for the Investment Bank and other departments, Legal Manager for the Proprietary M&A department, and Chief Counsel at Itaú USA Asset Management in New York. Before joining Itaú Unibanco, he worked at the São Paulo State Attorney General’s Office from 2004 to 2006.
He holds a bachelor’s degree in law from Universidade Presbiteriana Mackenzie, São Paulo, Brazil; completed specialization courses in accounting at Fundação Getulio Vargas (“FGV”) and in corporate finance at the University of São Paulo (“FIA-USP), São Paulo, Brazil, and holds an LL.M. from the University of Virginia, United States.
Renato Barbosa do Nascimento, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2017, responsible for internal audit covering the Investment Banking, Wealth Management, Brokerage, Private Banking, M&A, Treasury, Risk, Accounting, Tax, Finance, SME Banking, Merchant Acquiring, and Payments areas. Between 2017 and 2023, he led internal audit work encompassing the entire ESG governance scope of the conglomerate, including verification of commitments made to external stakeholders, compliance with rules and regulations, and oversight of the conglomerate’s ESG governance pillars. In this context, Mr. Nascimento also participated in 2023 in the bank’s Mentoring Program for Black Women.
He serves on audit committees and fiscal councils of several Itaú Unibanco investees to maintain the high governance standards required by the conglomerate, and he was a Fiscal Council member at CEBDS (Brazilian Business Council for Sustainable Development).
He began his career in external auditing at PwC in São Paulo in 1991. From 1998 to 2001, he was seconded to PwC Uruguay, managing audits of Brazilian and international financial institutions’ subsidiaries in that country. From 2003 to 2005, he worked at PwC Brasília, overseeing audits of large financial institutions and insurance companies. Between 2006 and 2008, he was seconded to PwC London, managing audits of British financial institutions and international bank subsidiaries, and deepening his expertise in IFRS, Sarbanes-Oxley (SOX), and PCAOB standards. He was promoted to audit partner for financial services at PwC São Paulo in 2011. From 2014 to 2017, he served as an audit partner at PwC Mexico City, leading audits of financial institutions there.
He holds bachelor’s degrees in accounting and in business administration from Universidade Paulista (“UNIP”), São Paulo, Brazil, and an MBA from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. He is certified by IBGC as a Fiscal Council member and Audit Committee member. He regularly participates in training and events, such as the Singularity University Innovation Program (Palo Alto), Wharton’s Fintech Revolution program, SXSW, The IIA International Conference, Gartner IT Symposium, and – more recently – specialized training on artificial intelligence. In March 2025, he undertook professional immersion in Beijing and Shanghai through StartSe business school, exploring the business ecosystem in those cities.
Renato da Silva Carvalho, a member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2020. He is currently responsible for Wholesale Banking’s Financial Planning department. In this role, he is responsible for determining Wholesale’s financial results, including monitoring ESG products and services that generate positive impact. Mr. Carvalho has held several positions at Itaú Unibanco Group, including Retail Banking Financial Planning Officer; Wholesale Finance Superintendent from 2017 to 2020; and Market and Liquidity Risk Superintendent/Manager from 2010 to 2017.
He worked as an Investment Market Risk Associate Director from 2008 to 2010 at Fidelity International Ltd. (London, UK); Market Risk Associate Director from 2006 to 2008 at Mizuho International Ltd. (London, UK); and Market & Liquidity Risk Analyst from 1998 to 2006 at Banco Brascan S.A., Rio de Janeiro, Brazil.
He holds a bachelor’s degree in industrial engineering from the Federal University of Rio de Janeiro (“UFRJ”), Rio de Janeiro, Brazil; an Executive MBA in finance from Brazilian Institute of Capital Markets (“IBMEC”), Brazil; an MBA in systems analysis, project and management from Pontifícia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil; a M.Sc. in industrial engineering from UFRJ, Rio de Janeiro, Brazil; and completed an Executive Education program at Fundação Dom Cabral, Minas Gerais, Brazil. He is a certified Professional Risk Manager (“PRM”) by PRMIA and a certified financial risk manager (“FRM”) by GARP.
Renato Lulia Jacob, a member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2024, where he has been responsible for Corporate Strategy, Investor Relations, and Corporate Development since April 2024. He has also been a member of the Disclosure and Trading Committee since 2019. He served as Group Head of Investor Relations and Market Intelligence and Chairman of the Disclosure and Trading Committee from 2020 to 2024. Mr. Jacob has been with Itaú Unibanco Group for 24 years and has held several roles, including CEO and Board member of Itaú BBA International plc in the UK; Board member of Itaú International (USA) and Itaú Suisse (Switzerland) from 2016 to 2020; Managing Director of Banco Itaú Argentina S.A. from 2006 to 2010; and Managing Director, Head of CIB Europe from 2011 to 2015.
He is an independent member of the board of the Royal Institution of Great Britain (UK) and served as an independent board member of Fight for Peace International from 2017 to 2022. He was a Fellow of the Institute of Directors (UK) from 2015 to 2017.
He holds a bachelor’s degree in civil engineering from the University of São Paulo (“USP”), São Paulo, Brazil, and has completed the advanced management program and participated in the CEO Academy, both at The Wharton School of the University of Pennsylvania, United States.
Ricardo Nuno Delgado Gonçalves, member of the Partners Program, has been the Trading Officer in the Treasury department since 2020. He served as Treasury Banking Officer from 2014 to 2020 and as Superintendent of Banking & International Treasuries from 2011 to 2014. He was also Superintendent of Funding & Structured Operations from 2009 to 2011; Chief Dealer and Superintendent of International Banking from 2003 to 2009; Dealer from 1997 to 2003; and Controller from 1995 to 1997.
He holds a bachelor’s degree in business administration from the University of São Paulo (“FEA-USP”), São Paulo, Brazil.
Rita Rodrigues Ferreira Carvalho, a member of the Partners Program, has been an Officer at Itaú Unibanco Holding since April 2025. She is currently responsible for the Compliance and Operational Risk department. She has held several positions at Itaú Unibanco Group, including Officer since 2021; Business Management, Quantitative Analysis and Controls Superintendent for Global Markets & Treasury from 2017 to 2021; and Internal Controls and Compliance Superintendent from 2012 to 2017. Prior to joining Itaú, she spent 13 years at BNY Mellon, with roles in Brazil and the United Kingdom in Risk and Compliance.
She holds a bachelor’s degree in actuarial science and an M.Sc. in statistics, both from Federal University of Rio de Janeiro (“UFRJ”), Rio de Janeiro, Brazil.
Rodrigo André Leiras Carneiro, member of the Partners Program, has been an Officer at Itaú Unibanco Holding since 2025. He is currently responsible for the Credit Card Business – Individuals division, serving as an Officer since 2022. He has held several positions at Itaú Unibanco Group, including products officer at Redecard from 2018 to 2022; card portfolio superintendent from 2013 to 2017; credit cards – high income segment manager from 2012 to 2013; business and planning manager from 2008 to 2012; and credit policy manager – Unicard and Hipercard from 2003 to 2008. He also worked as credit and collections coordinator from 2001 to 2002, marketing and product analyst from 2000 to 2001, and financial analyst from 1998 to 2000 at Fininvest (finance company).
He holds a bachelor’s degree in economics from the Federal University of Rio de Janeiro (“UFRJ”), Brazil, and an Executive MBA from COPPEAD (Federal University of Rio de Janeiro), Brazil.
Rubens Fogli Neto, and a member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2015. He is currently responsible for the Cards, Payments, Collections, and Account Management Products and Needs Division.
He has held several positions within Itaú Unibanco Group, including Director of Card Products, Digital Businesses, Cards and Acquiring, and Retail Joint Ventures. He also serves as a member of the board of directors of several companies within Itaú Unibanco Group.
He previously worked at leading companies in their respective markets, such as Citibank, Credicard, and Banco CCF Brasil.
He holds a bachelor’s degree in business administration from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil; an Executive MBA from Brazilian Institute of Capital Markets (“IBMEC”), Brazil; completed the leadership transition program at INSEAD, Fontainebleau, France; and the leading organizations and change program at MIT Sloan School of Management, Cambridge, Massachusetts, USA.
Tatiana Grecco, member of the Partners Program, has been an Officer at Itaú Unibanco Group since 2017. She is currently responsible for the Capital Management and Market & Liquidity Risk department.
She has worked in the financial and capital markets since 1994, when she joined the Capital Markets area. She has built a successful career over the years at the bank. She began as a back-office analyst managing institutional and private banking investment portfolios. In 1998, she became a fund portfolio manager at Itaú Asset Management and subsequently served for five years as a senior manager of fixed income and technical reserve portfolios, later becoming Superintendent of Technical Reserves Portfolio Management.
In 2009, Ms. Grecco launched the indexed funds business at Itaú Asset Management through mutual funds and ETFs. In 2014, she also became Superintendent of Asset Allocation and Quantitative Funds Solutions.
She chaired ANBIMA’s ETF Committee and led its ESG working group for several years. She also served as vice president of the Fixed Income and Multimarket Funds Committee at ANBIMA, contributing to the development of Brazilian mutual funds.
Since 2017, she has been responsible for Market and Liquidity Risk control at Itaú Unibanco, Itaú Asset Management, and Itaú Corretora de Valores. Since 2020, she has also been responsible for the conglomerate’s capital management.
She holds a bachelor’s degree in civil construction engineering from Universidade Estadual Paulista (“UNESP”), São Paulo, Brazil; a postgraduate degree in finance from Brazilian Institute of Capital Markets (“IBMEC”), Brazil; and a master’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. She completed an executive education program in Asset Management at Yale University, Connecticut, United States. She has been a Certified Financial Planner (CFP) since 2009, is a Certified Asset Manager (CGA) by ANBIMA, is one of the founding members of Bloomberg’s Women’s Buy-Side Network in Brazil and is a member of the global communities 100 Women in Finance and Women in ETFs.
Vinícius Santana, has been an Officer at Itaú Unibanco Group since 2023. He is currently responsible for the Anti-Money Laundering/Counter-Terrorism Financing (AML/CFT) department and also serves as the Director of FEBRABAN’s AML/CFT Commission. He has a long-standing career in compliance with a focus on AML/CFT, working in the field continuously since 2003. A country examiner for the Financial Action Task Force (FATF/GAFI), Mr. Santana spent 11 years at COAF (Brazil’s financial intelligence unit), nine of which as a Supervisor (including serving as Alternate Co-Chair of COAF). He later held the positions of Head of AML/CFT at the Santander and Banco do Brasil.
His executive experience also spans roles in data protection (he was Data Protection Officer at Banco do Brasil until May 2021), business continuity, sanctions compliance, and information security. He has received training from numerous national and international bodies, including the FBI (United States Federal Investigative Agency), IMF (International Monetary Fund), FATF (Financial Action Task Force), GAFILAT (Financial Action Task Force of Latin America), World Bank, U.S. DEA (United States Drug Enforcement Agency), U.S. Department of Justice, ESAF (Brazilian School of Public Finance Administration), ABIN (Brazilian Intelligence Agency), and the Brazilian military.
He has represented Brazil in several international events on AML/CFT, institutional security, and financial intelligence, and has been a speaker since 2006 at initiatives such as the ENCCLA (National Strategy to Combat Corruption and Money Laundering), as well as events by ACAMS (Association of Certified Anti-Money Laundering Specialists), the Federal Police, Civil Police, Public Prosecutor’s Office, ABIN, and financial institutions.
He holds a Bachelor’s degree in Mathematical Sciences from the State University of Northern Paraná (“UENP”), Paraná, Brazil, and a Bachelor’s degree in Law from Centro Universitário de Brasília (“UniCEUB”), Brasília, Brazil.
He was awarded the COAF Merit Diploma (2021), Brazil’s highest honor in the AML field, and has received six military commendations.
Gilberto Frussa, has been a member of the Fiscal Council of Itaú Unibanco Holding S.A. since July 2022, and a member of the Fiscal Council of Instituto Taquari Vivo since September 2025.
He held several positions at Itaú Unibanco Group, including Corporate Compliance Officer from 2017 to 2021; Retail Business Legal Officer from 2015 to 2017; and Legal Officer at Banco Itaú BBA S.A. from 2006 to 2015, where he also served as an attorney from 1995 to 2006. He has been an external member of the Risk and Solvency Committee at IRB – Brasil Resseguros S.A. from 2022 to 2025.
He served as an effective board member of the National Financial System Appeals Council (CRSFN) from 2000 to 2003 and again from 2011 to 2013. He was Chairman of ANBIMA’s Legal Affairs Committee from 2012 to 2015. Additionally, he was a director at Fundação Itaú Unibanco Previdência Complementar (pension fund) from 2017 to 2021. He has been an alternate member of CRSFN’s Evaluation and Selection Committee since 2018. He has been an IBGC member since 2021 and has completed IBGC’s training for Board Members, Fiscal Council Members, and Finance and Accounting for Board Members programs. He is certified in Corporate Governance Best Practices by IBGC.
He holds a bachelor’s degree in law from the University of São Paulo (“USP”), São Paulo, Brazil.
Eduardo Hiroyuki Miyaki, has been a member of the fiscal council at Itaú Unibanco Group since 2022. He has held several positions at Itaú Unibanco Group, including internal audit officer from 2010 to 2017 and operational risk and internal control officer from 2017 to 2021. He previously served as internal audit superintendent from 2005 to 2010 in the Risk Management, Capital Markets, Insurance, Pension Plan and Securities Departments. He also worked in the Commercial and Retail Departments, product development and wholesale banking processes. Mr. Miyaki was the supervisor responsible for the Internal Audit Department in the Asset Management and Treasury Departments from 2003 to 2004 and supervisor of the Anti-Money Laundering and Fraud Prevention Program from 1996 to 2003.
He holds a bachelor’s degree in civil engineering from the University of São Paulo (“USP”), São Paulo, Brazil; completed a specialization in sanitary engineering and waste treatment at the Federal University of Gunma, Japan; earned a specialization in business administration from CEAG at Fundação Getulio Vargas (“FGV”), São Paulo, Brazil; and an MBA in Finance and International Business from the Leonard Stern School of Business at New York University, New York, USA. Participated in the Audit Committee, Oversight, and Controls program at the Brazilian Institute of Corporate Governance (“IBGC”) in 2022. In May 2024, completed the Corporate Governance Certification Program at Columbia University, New York, USA.
Marcelo Maia Tavares de Araújo, has been a member of the fiscal council of Itaú Unibanco Holding S.A. since April 2025. He has been a member of the board of directors and Personnel and Compensation Committee since 2021 of Grupo DIA – Distribuidora Internacional de Alimentación, Madrid, Spain; was chief executive officer in 2020 and country advisor in 2019 at DIA Brasil S.A.; member of the board of directors and Audit Committee since 2020 of Pacaembu Construtora S.A.; member of the board of directors since 2023, Institutional Officer from 2021 to 2022, CFO and Administrative Officer in 2020, and CEO in 2019 of the Brazilian Franchising Association (“ABF”); member of the board of directors and Expansion & M&A Committee from 2020 to 2023 of Mundo Pet S.A.; National Secretary of Commerce and Services from 2015 to 2017 at the Ministry of Development, Industry, and Trade (“MDIC”); Board member from 2015 to 2016 representing the Federal Government at BNDESPAR on the Board of BNDES; Founder and CEO from 2013 to 2015 of L.M. Maia Participações e Administração Ltda., an investment company focusing on retail real estate in Northeast Brazil; Regional officer from 2010 to 2012 at Magazine Luiza S.A., responsible for integrating Lojas Maia’s operations; officer and chairman of the Board from 2005 to 2010 of Móveis Maia Ltda.; General Director and Board member from 2002 to 2010 of F.S. Vasconcelos & Cia. Ltda. (“Lojas Maia department stores”); Financial and Planning Manager from 2000 to 2002 at Brasil Telecom S.A.; Trainee in 1999 at Bear Stearns Bank in San Francisco, USA; Planning Assistant from 1996 to 1998 at Grupo Paranapanema S.A.; and Trainee from 1992 to 1995 at Construtora Tratex S.A.
He holds a bachelor’s degree in civil engineering from the Federal University of Minas Gerais (“UFMG”), Belo Horizonte, Brazil; an MBA from Brazilian Institute of Capital Markets IBMEC, Brazil; a Certificate in Finance and a B.A. from the University of California at Berkeley, United States; a Sloan Master’s MSc in Leadership and Strategy and a Certificate in “Innovating in a Digital World” from London Business School (“LBS”), United Kingdom; and a Certificate in Digital Transformation from Massachusetts Institute of Technology (“MIT”), United States. Mr. Tavares is certified by IBGC to serve as a Board member.
Cristina Doherty, she has been an alternate member of the Fiscal Council of Itaú Unibanco Holding S.A. since April 2025, and is a regular member of the Fiscal Council of Eletrobras (term 2025 to 2026).
Previously, she was a regular member of the Fiscal Council of Natura & Co from 2024 to 2025, an alternate member of the Fiscal Council of Metalúrgica Gerdau from 2023 to 2024, a regular member of the Fiscal Council of Vale S.A. from 2020 to 2022, and an alternate member of the Fiscal Council of Invepar S.A. from 2019 to 2020.
She has over 25 years of experience at Vale S.A. in Corporate Finance, Business Development, Investment Management, Corporate Governance, Business Valuation, Mergers, Acquisitions and Divestitures. She has also served on the governing bodies of the following organizations: as a member of the board of directors of Vale Oman Pellet Plant; a member of the board of directors of ThyssenKrupp Companhia Siderúrgica do Atlântico (“TKCSA”, now “Ternium”) and Companhia Siderúrgica do Pecém (“CSP”, now “ArcelorMittal”); and a member of the finance-operational statutory committee at California Steel Industries (“CSI”) in California, United States.
She holds a bachelor’s degree in economics from Faculdade Candido Mendes, Rio de Janeiro, Brazil; an MBA in strategic business management from the University of São Paulo (“USP”), São Paulo, Brazil; and an MBA in Finance from Brazilian Institute of Capital Markets (“IBMEC”), Rio de Janeiro, Brazil. She has been certified by IBGC as a Board member since 2018.
João Costa he has been an alternate member of the Fiscal Council of Itaú Unibanco Group since 2009, and a regular member of the Fiscal Council of Itaúsa S.A. since 2023 (alternate from 2009 to 2022). He was a member of the Fiscal Council of Alpargatas S.A. from 2017 to 2018 and of Dexco S.A. from 2018 to 2019. He was also a board member of FEBRABAN, IBCB (Brazilian Institute of Banking Corporate Governance), and the São Paulo Banking Union from 1997 to 2008. He established and chaired the Audit Committee of Liberty Seguros S.A. and Indiana Seguros S.A. from 2014 to 2015. Within Itaú Unibanco Group, he was a regular member of the Boards of Directors of Itauleasing de Arrendamento Mercantil S.A. and Itaú Rent Administração e Participação S.A.
At Itaú Unibanco, he served as General Audit Manager, creating and leading the IT Audit, Tax Audit, Affiliates Audit, Head Office Audit, and Branches Audit functions, and he developed software to automate branch inspections – recognized as a “best practice” by Arthur Andersen. In 1997, as Managing Director, he structured the Collections Coordination area, establishing operational and tax procedures for collections and renegotiations of delinquent accounts. He set up in-house and third-party collection call centers, managed third-party collection agencies and external legal collections across Brazil, and arranged the first-ever sale of distressed assets in Brazil to a foreign recovery firm. He played a significant role in governance by creating the Internal Controls and Compliance department and implementing procedures required by the U.S. Sarbanes-Oxley Act (SOX). He also initiated work to comply with Central Bank regulations on Operational Risk (Basel II) and Resolution 3380 (Internal Controls).
He holds a bachelor’s degree in economics from Faculdade São Luiz, São Paulo, Brazil; completed an extension in business administration at the University of São Paulo (“FEA-USP”), São Paulo, Brazil; and completed the management program for executives at the University of Pittsburgh, Pennsylvania, United States.
Leni Bernadete Torres da Silva Sansiviero, has been an alternate member of the Fiscal Council of Itaú Unibanco Holding S.A. since April 2025. She served as an alternate member of the Fiscal Council of Locaweb S.A. (“LWSA”) from 2021 to 2022, and as a member of the year-end Closing Committee at Itaúsa S.A. from 2017 to 2018. She was the Controllership Superintendent at Itaú Unibanco S.A. from 2008 to 2013, working in Controllership, Planning, M&A, and Investor Relations, and was the Controllership Executive Manager at Itaúsa S.A. from 2013 to 2018, where she structured, implemented, and managed the entire controllership function.
She holds a bachelor’s degree in Financial Administration and a postgraduate degree in Systems Analysis from Fundação Armando Alvares Penteado (“FAAP”), São Paulo, Brazil, and a Certificate in Finance (“CEFIN”) from the University of São Paulo (“USP”), São Paulo, Brazil.
Pedro Moreira Salles
Position and Term of Office
He has been a non-executive co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He has been a co-chairman of our board of directors since 2017 and was also the chairman of this board from 2009 to 2017. He was a member of the board of directors of Unibanco in 1989 and was chairman from 1997 to 2004. In 2004, he became CEO of Unibanco and remained in the position until 2008, the year of the merger with Banco Itaú. He is the chairman of the board of directors of Companhia E. Johnston de Participações; and IUPAR – Itaú Unibanco Participações S.A. He is vice chairman of the board of directors of Brasil Warrant and a partner and Co-CEO at Cambuhy Investimentos. He was a member of the board of directors of TOTVS, and between 2017 and 2022, he was chairman of the board of directors of the Brazilian Federation of Banks (“FEBRABAN”).
ESG
He is also the chairman of the board of directors of the Instituto Unibanco, an institution that works to improve public education in Brazil through management of the education system. He is a member of the Decision-Making Council and the General Assembly of Associates of Insper Institute of Education and Research, – a non-profit educational and research institution, and a member of the Advisory Council of the Symphony Orchestra Foundation of the State of São Paulo (“OSESP”). He is also a member of the board of directors of the Todos pela Saúde (“All for Health”) Institute, which combats public health emergencies in Brazil, and a member of the board of directors of Instituto Moreira Salles, which is dedicated to promoting and preserving cultural heritage.
Academic Background
He holds a bachelor’s degree magna cum laude in economics and history from the University of California, Los Angeles (“UCLA”), United States. He completed the President and CEO Management Program at Harvard University in the United States.
Roberto Egydio Setubal
Position and Term of Office
He has been a co-chairman of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He started his career at Banco Itaú in 1980, holding several positions until being appointed in 1994 as CEO, a position he held until April 2008. In that year,after the merger of Banco Itaú and Unibanco, he became CEO of Itaú Unibanco Holding S.A., remaining in that role until 2017. He has been a member of the board of directors of Itaúsa S.A. since 2021 and is currently its vice chairman. He is also a member of the board of directors of CCR S.A. He was a member of the board of directors of Petrobras from 2000 to 2002 and of Shell Plc from 2017 to 2020. He was a member of the International Monetary Conference (“IMC”) from 1994 to 2020, serving as its chairman in 2015. From 1997 to 2000 he was chairman of Federação Brasileira de Bancos (“FEBRABAN”) and later chaired its e board of directors from 2011 to 2017. He was a member of the board of directors of the Institute of International Finance (“IIF”), serving as vice chairman from 2003 to 2014. Between 2002 and 2008, he was a member of the International Advisory Committee of the Federal Reserve Bank of New York. In 2011, he was named Banker of the Year by Euromoney magazine, and in 2015 he was elected, for the second time, the best executive in Brazil.
Risk Management
During his term as CEO of Itaú Unibanco Holding S.A. until 2017, he oversaw risk management at the executive level, chairing seven superior risk committees such as the Superior Audit and Operational Risk Management Committee, the Superior Credit Committee, and the Superior Risk Policy Committee, where he addressed corporate risk policies, risk management, risk appetite, and the company’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is also a member of the board of directors of Centro de Liderança Pública (“CLP”), a multi-party organization aimed at engaging society and developing public leaders to tackle Brazil’s urgent problems. In 2003, he was appointed as a member of the Economic and Social Development Council (“Conselho de Desenvolvimento Econômico e Social, or CDES”), a position he holds to date.
Academic Background
He holds a bachelor’s degree in production engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil. He also holds a master’s degree in engineering science from Stanford University, California, United States.
Ricardo Villela Marino
Position and Term of Office
He has been a vice chairman of our board of directors since 2020.
Experiences, Skills and Abilities
Financial sector and capital markets
He has been the chairman of the Latin America Strategic Council since 2018, leading the innovation and exploration of growth opportunities across the region. He is also the Chairman of the board of directors of Itaú Chile. He has held several positions at Itaú Unibanco Group since 2002, including serving as a vice president from 2010 to 2018 and as CEO of Itaú’s Latin America operations (Argentina, Chile, Paraguay and Uruguay). He started his career at Banque Credit Commercial de France (“CCF”) and worked in fixed income and equities at Banco Garantia/CSFB and at Goldman Sachs Asset Management in New York and London, where he was a portfolio manager for emerging markets. He served as chairman of the Latin American Bank Federation (“FELABAN”) and was named a Young Global Leader by the World Economic Forum (“WEF”). He has been an alternate member of our board of directors since 2011.
Financial Inclusion and Entrepreneurship
He is currently vice chairman of Humanitas 360, a non-profit organization focused on catalyzing social and civic entrepreneurship among young people. He is the chairman of Instituto PDR, an organization aimed at investing in and preparing new entrepreneurs with a focus on social academic transformation.
Academic Background
He holds a bachelor’s degree in mechanical engineering from the University of São Paulo (“USP”), São Paulo, Brazil. He hold´s a master’s degree in business administration from the Massachusetts Institute of Technology (“MIT”) Sloan School of Management, Massachusetts, United States.
Alfredo Egydio Setubal
Position and Term of Office
He has been a non-executive member of our board of directors since 2007.
Experiences, Skills and Abilities
Financial sector and capital markets
At Itaúsa S.A., he has been serving as CEO and investor relations officer since 2015 and has been a member of the board of directors since 2008. He also has been the chairman of the board of directors of Dexco S.A. since 2021 and board member since 2015; a member of the board of directors of Alpargatas S.A. since 2017 and of Copa Energia since 2020. He was chairman of the National Association of Investment Banks (“ANBID”) from 2003 to 2008; and he has been a member of the Superior Guidance, Nomination and Ethics Committee of the Brazilian Institute of Investor Relations (“IBRI”) since 2010, having chaired IBRI’s board of directors from 2000 to 2003. He was also a member of the board of directors of the Brazilian Association of Publicly-Held Companies (“ABRASCA”) from 1999 to 2017. He is currently the chairman of the Environmental, Social and Climate Responsibility Committee and a member of the Disclosure and Trading Committee, the Nomination and Corporate Governance Committee, and the Personnel Committee of Itaú Unibanco.
ESG
He has been the chairman of the Board of Trustees of the Fundação Itaú, an institution responsible for social initiatives focused on education (in partnership with UNICEF and other NGOs) and the democratization and promotion of Brazilian culture, and the Chairman of the Decision-Making Council of the São Paulo Museum of Art (“MASP”) since 2015. He has been a member of the board of directors of the São Paulo Biennial Foundation since 2009. He is also a member of the Boards of the Museum of Modern Art of São Paulo (“MAM”) and the Institute of Contemporary Art (“IAC”).
Academic Background
He holds both bachelor’s and postgraduate degrees in business administration from Fundação Getúlio Vargas (“FGV”), São Paulo, Brazil.
Ana Lúcia de Mattos Barretto Villela
Position and Term of Office
She has been a non-executive member of our board of directors since 2018.
Experiences, Skills and Abilities
Financial sector, capital markets, and other Industries
She has held several positions at the Itaú Unibanco Group, including serving as a member of our board of directors from 1996 to 2001. She is co-founder of MFF&CO, a global impact entertainment studio operating in São Paulo (Brazil), Los Angeles (United States), and London (United Kingdom) since May 2024; co-founder of the Alana Down Syndrome Center at MIT since 2019; alternate member of the board of directors of IUPAR – Itaú Unibanco Participações S.A. since 2018; member of Itaú’s Personnel Committee since 2018; member of Itaú’s Nomination and Corporate Governance Committee since 2018; vice-chair of the board of directors (Non-Executive Member) of Itaúsa S.A. since 2017; member of the Advisory Board of Itaú Social since 2017; co-founder of AlanaLab since 2014; co-founder of Maria Farinha Filmes since 2009; founding chairwoman of the Alana Foundation since 2012; CEO of Instituto Alana since 2002; and Ashoka Fellow since 2010.
ESG
She has been a member of the Social, Environmental, and Climate Responsibility Committee since 2019 (formerly the Social Responsibility Committee); member of Itaúsa’s Sustainability and Risk Committee since 2021. Also serves on the Advisory Board of the Stanford Down Syndrome Research Center since January 2022. Previously served on the board of Participant, a media and entertainment organization founded by social entrepreneur Jeff Skoll, from March 2022 to July 2024; member of the Advisory Board of UCLA Lab School from May 2022 to July 2024; member of the Advisory Board of Instituto Akatu from 2013 to 2017; member of the Advisory Board of Fairplay Organization from 2015 to 2017; member of the Advisory Board of Conectas from 2003 to 2018; member of Dexco’s Sustainability Committee from 2015 to 2018; and alternate member of Dexco’s board of directors from 2018 to 2020.
Technology and Information Security
Since 2018, she has been the first Latin American representative on the XPRIZE Innovation Board, a nonprofit organization founded by Peter Diamandis that designs and manages global competitions to foster the development of breakthrough technologies addressing humanity’s greatest challenges. From 2019 to 2024, Alana Foundation, co-founded by Villela, supported the XPRIZE Rainforest competition, aimed at accelerating the creation of technologies capable of mapping tropical forest biodiversity.
Academic Background
Holds a bachelor’s degree in education with a specialization in school administration and a master’s degree in educational psychology, both from Pontifícia Universidade Católica de São Paulo (“PUC-SP”), São Paulo, Brazil. Studied business administration at Fundação Armando Álvares Penteado (“FAAP”), São Paulo, Brazil (incomplete), and attended a postgraduate program in third sector management at Fundação Getulio Vargas (“FGV”), São Paulo, Brazil (incomplete).
João Moreira Salles
Position and Term of Office
He has been a non-executive member of our board of directors since 2017.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He currently holds the following positions: (i) CEO of Itaú Unibanco Participações S.A. (“IUPAR”) since 2026, and he has been director since 2023; (ii) member of the board of directors of IUPAR since 2015; (iii) member of the board of directors and CEO of E. Johnston Participações since 2024; (iv) director of Brasil Warrant Administração de Bens e Empresas S.A. (“BWSA”) since 2017; (v) CEO of BW Gestão de Investimentos Ltda. (“BWGI”) since 2022; (vi) board member, since 2019, of Verallia, a glass packaging company with shares on the French Stock Exchange; (vii) chairman of the board of directors of Alpargatas since 2026, and member of the board of directors since 2022; (viii) member of the Strategy and People Committees of Alpargatas since 2022. Furthermore, before joining BWSA, he worked as an investment banker at J. P. Morgan Chase, New York, USA.
Academic Background
He holds a bachelor’s degree in economics from the Institute of Education and Research (“INSPER”), São Paulo, Brazil; Master’s degree in economics from Columbia University GSAS, New York, USA; Master’s degree in finance from Columbia University GSB, New York, USA; and PhD in economic theory from the University of São Paulo (“USP”), São Paulo, Brazil.
Candido Botelho Bracher
Position and Term of Office
He has been an independent member of our board of directors since April 2024, and a non-executive member of our board of directors since 2021.
Experiences, Skills and Abilities
Financial sector and capital markets
He has held several positions at Itaú Unibanco Group, including serving as CEO from 2017 to 2021, senior vice president of wholesale banking from 2015 to 2017, and vice president from 2004 to 2015. He has been a member of the board of directors of Mastercard Incorporated since 2021 and was a member of the board of directors of Banco Itaú BBA S.A. from 2003 to 2017, of B3 S.A. from 2009 to 2014, and of Grupo Pão de Açúcar from 1999 to 2013. He was a founding partner of investment bank BBA Creditanstalt, a joint venture established in 1988.
Risk Management
He served as CEO of Itaú Unibanco Holding S.A., during which time he was in charge of risk management at the executive level, chairing seven superior risk committees, such as the Superior Market and Liquidity Risk Committee, the Superior Operational Risk Committee, and the Superior Credit Committee. In these forums, he deliberated on corporate risk policies, risk management processes, risk appetite, and the organization’s risk culture. He is currently a member of the Risk and Capital Management Committee, contributing to the definition, review and approval of risk appetite, strategies, and institutional risk policies.
ESG
He is a member of FGV’s Superior Council for the Bioeconomy and is deeply engaged in initiatives to protect the Pantanal biome in Brazil. He is a member of the board of directors of Instituto Acaia, which develops educational programs aimed at preserving the Pantanal biome. He also completed a Climate Change training program in 2021 offered by the Brazilian Institute of Corporate Governance (“IBGC”) through the Chapter Zero initiative, a global network to engage board members in climate challenges. He is also a columnist for the Brazilian newspaper Folha de São Paulo.
Academic Background
He holds a bachelor’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil
Position and Term of Office
He has been an independent member of our board of directors since 2022.
Experiences, Skills and Abilities
Financial sector and capital markets
He is a member of the board of directors of the Lean Enterprise Institute (“LEI”) and was a member of the board of directors of Raia Drogasil S.A. from 2021 to 2023. An active venture capital and startup investor, Mr. Gon led the IPO of CI&T Inc. on the New York Stock Exchange (“NYSE”) and has been a member of the board of directors of the Lumina Unicamp Endowment Fund since 2020. He was recognized as Entrepreneur of the Year in Brazil by EY (EY Entrepreneur of The Year™) in 2019.
Technology and Information Security
He is the founder and CEO of CI&T (NYSE: CINT), a global company specialized in software engineering solutions – including AI and hyper-digital platforms, modernization, cloud services, data analytics, cybersecurity, and digital product design – since 1995. He is the Chairman of the Board of Sensedia, a leading company in the API Management market. He has a long-standing career as an important voice in leadership development, digital transformation, and artificial intelligence. He also served as a Technology Advisor on the Board of Grupo Boticário from 2020 to 2023.
Academic Background
He holds a bachelor’s degree in computer engineering and a master’s degree in computer science, both from the University of Campinas (“UNICAMP”), São Paulo, Brazil. He is the co-author of the book “Faster, Faster: The Dawn of Lean Digital” (2020) and a columnist for the MIT Sloan Management Review.
Fabricio Bloisi Rocha
Position and Term of Office
He has been an independent member of our board of directors since 2024.
Experiences, Skills and Abilities
Financial sector, capital markets, and other industries
He is the CEO of Prosus, Chairman of the board of directors at iFood, CEO of Naspers, and founder of Movile Group. He is also a member of the XPrize Innovation Board.
ESG
He promotes educational projects through his 1Bi Foundation, an institution focused on supporting education through technology. He also supports initiatives such as “Meu Diploma do Ensino Médio” and “Movimento Tech”, which foster high school and technology education in Brazil through iFood. In 2023, he was appointed as the UN spokesperson for education on SDG 4 in Brazil and joined the economic and Sustainable Development Council of the Presidency of the Republic.
Academic Background
He holds a bachelor’ s degree in computer engineering from the State University of Campinas (“UNICAMP”), Campinas, São Paulo, Brazil, and a Master’s degree in business administration from Fundação Getulio Vargas (“FGV”), São Paulo, Brazil. In 2013, he attended the Executive Program for Growing Companies – Strategy, Finance, and Leadership for companies in the growth-stage at the Stanford Graduate School of Business, California, USA. In 2022, he completed the Owner/President Management Program at Harvard University, Massachusetts, USA.
Marcos Marinho Lutz
Position and Term of Office
He has been an independent member of our board of directors since 2025.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He has been serving as the Chairman of the board of directors of Ultracargo Logística S.A., Ultrapar Participações S.A., Companhia Ultragaz S.A., and Ultrapar Mobilidade S.A. since 2025, and of Hidrovias do Brasil S.A. since 2024. He has been a member of the board of directors of Corteva Agriscience since 2019. He has been the CEO of Ultrapar Participações S.A. since 2022 and a member of the People and Sustainability Committee and an officer of Ultra S.A. Participações since 2021. Mr. Lutz was Chairman of the Infrastructure Council of the São Paulo State Industry Federation (“FIESP”) from 2015 to 2021; a member of the board of directors of Rumo Logística S.A. from 2008 to 2020 and its Chairman from July to December 2020; CEO of Cosan S.A. – Indústria e Comércio from 2009 to 2020; a board member of Raízen S.A. from 2013 to 2020, Comgás S.A. from 2008 to 2020 and Moove S.A. from 2008 to 2020; and a member of the board of directors of Monsanto S.A. from 2014 to 2018.
Academic Background
He holds a bachelor’s degree in naval engineering from the Polytechnic School of the University of São Paulo (“USP”), São Paulo, Brazil, and a master’s degree in business administration from the Kellogg School of Management at Northwestern University, Illinois, United States.
Maria Helena dos Santos Fernandes de Santana
Position and Term of Office
She has been an independent member of our board of directors since 2021 and Chair of the Audit Committee since 2023.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
She has been an independent member of our board of directors since 2021 and an independent member of the Audit Committee since 2022, serving as its Chair since April 2023. She also served as a member of the Audit Committee of Itaú Unibanco Holding from 2014 to 2020. She is a member of the board of directors and Chairwoman of the Audit Committee of CI&T Inc., and a member of the board of directors of Fortbras S.A. She served as a member of the board of directors and Chairwoman of the Audit Committee of XP Inc. from 2019 to 2021; Chairwoman of the Audit Committee of XP Investimentos S.A. from 2018 to 2019; a member of the board of directors of Bolsas y Mercados Españoles (“BME”) from 2016 to 2020; a Trustee of the IFRS Foundation from 2014 to 2019; a member of the board of directors and Coordinator of the Audit Committee of Totvs S.A. from 2013 to 2017; and a member of the board of directors of CPFL Energia S.A. from 2013 to 2015. She was also Chair of the Brazilian Securities and Exchange Commission (“CVM”) from 2007 to 2012 (having been a Commissioner from 2006 to 2007), representing CVM on the Financial Stability Board (FSB) from 2009 to 2012, and served as Chair of the Executive Committee of the International Organization of Securities Commissions (“IOSCO”) from 2011 to 2012.
ESG
Between 2011 and 2012, she was a member of the International Integrated Reporting Council (“IIRC”), where she later served on the Governance and Nominating Committee until the creation of the Value Reporting Foundation. She worked at the São Paulo Stock Exchange (now B3 S.A.) from 1994 to 2006, where she was involved in the creation and was responsible for the implementation of the Novo Mercado and other corporate governance segments. She was vice president of the Brazilian Institute of Corporate Governance (“IBGC”) from 2004 to 2006, having been a member of its board of directors from 2001 to 2006. She has also been a member of the Latin American Corporate Governance Roundtable (“OECD”) since 2000. She was a member of the board of directors and Coordinator of the People, Appointments and Governance Committee at Oi S.A. from 2018 to 2023. She served as a member of the board of directors and Chairwoman of the Corporate Governance Committee of Companhia Brasileira de Distribuição S.A. from 2013 to 2017. She was honored with the Excellence in Corporate Governance Award by the International Corporate Governance Network (“ICGN”) in 2012.
Academic Background
She holds a bachelor’s degree in economics from the University of São Paulo (“USP”), São Paulo, Brazil.
Paulo Antunes Veras (Independent Member)
Position and Term of Office
He has been an independent member of board of directors since 2024 and president of the Personnel Committee since 2026, he was a member of the Personnel Committee from 2024 to 2026.
Experiences, Skills and Abilities
Financial sector, capital markets and other sectors
He is a startup investor, an independent member of the board of directors of Localiza, and a member of the Advisory Board of Grupo Boticário. He was the founder and CEO of 99, the first Brazilian “unicorn” startup, prior to the sale of the company in 2018. He was Managing Director and a board member at Endeavor, a high-impact entrepreneurship NGO.
Academic Background
He holds a bachelor’s degree in mechatronics engineering from the University of São Paulo (“USP”), São Paulo, Brazil, and an MBA from INSEAD.
Pedro Luiz Bodin de Moraes
Position and Term of Office
He has been an independent member of our board of directors since 2008.
Experiences, Skills and Abilities
Financial sector and capital markets
He was a member of the board of directors of Unibanco – União de Bancos Brasileiros S.A. from 2003 to 2008. He has been a partner at Cambuhy Investimentos Ltda. since 2011 and at Ventor Investimentos Ltda. since 2009. He was a partner at Icatu Holding S.A. from 2005 to 2014, and a partner and officer at Banco Icatu S.A. from 1993 to 2002. He was vice president of National Association of Investment Banks (“ANBID”) from 1994 to 2001, and a professor in the Department of Economics at the Pontifical Catholic University of Rio de Janeiro (“PUC-RJ”) from 1985 to 1990.
Risk Management
He is currently the chairman of our Risk and Capital Management Committee, and his prior experience in risk management has well-qualified him for this role. His responsibilities include supporting the board of directors in defining the institution’s risk appetite and overseeing the management and control of risk and capital, to ensure they are adequate for the risk levels assumed and the complexity of operations. He served as director of monetary policy at the Central Bank of Brazil from 1991 to 1992. In that capacity, his duties included managing and executing monetary and foreign exchange policy, setting technical guidelines for managing Brazil’s international reserves, and formulating policies for payment arrangements, clearinghouses, settlement systems, and other financial market infrastructures.
ESG
He was an Officer at National Bank for Economic and Social Development (“BNDES”) from 1990 to 1991, which is the Federal Government’s main investment promotion instrument, with a mission to foster the sustainable and competitive development of the Brazilian economy through job creation and the reduction of social and regional inequalities.
Academic Background
He holds a bachelor’s degree and a postgraduate diploma in economics from Pontificia Universidade Católica do Rio de Janeiro (“PUC-RJ”), Rio de Janeiro, Brazil, and a Ph.D. in economics from the Massachusetts Institute of Technology (“MIT”), Massachusetts, United States.
Historical series 
