Itaú Private Bank has underlined its desire to
expand in Latin America outside of Brazil by naming Frances Aldrich
Sevilla-Sacasa CEO of its international business.

Itaú is Brazil’s largest private bank and has
set its sights on increasing its presence in other Hispanic
markets.

“In 2012, our plan is to consolidate our
presence in the Brazilian market but also invest significantly to
increase our penetration in the Hispanic markets, following Itaú’s
internationalisation movement,” João Medeiros, head of Itaú Private
Bank International and a member of PBI’s editorial advisory board,
told PBI in December last year.

“Our recent joint venture with MCC in Chile is
an example of our strategy for the region,” he added.

 

Tapping Latin America’s
growth

Sevilla-Sacasa has 30 years of experience in
financial services, 25 of which are in global wealth management.
She has served in leadership positions with US Trust/Bank of
America, Citigroup, Deutsche Bank and Bankers Trust Company.

“Sevilla-Sacasa brings exceptional wealth
management experience crucial for Itaú to continue tapping into the
fast-paced economic growth of the region,” said Ricardo Marino, CEO
for Itaú Latin America and member of the Itaú Unibanco executive
committee.