Banco Itau BBA has hired Charles F. Stewart from Morgan Stanley as chief executive officer of its London office.
Stewart was the deputy head of European, Middle East and Africa investment banking for Morgan Stanley. In his new role, he will be based in London aND will replace Almir Vignoto, who will move to New York to lead Itau BBA’s US activities. Stewart will start work with Itau BBA June 2013 onwards.
Go deeper with GlobalData
Stewart worked at Morgan Stanley for 19 years, where he had been head of Latin American investment banking.
Itau BBA, which received a license to operate as a bank in London last year, has EUR600 million in capital and US$6 billion in assets at the subsidiary. The bank is increasing the workforce there to more than 100.
The lender is among Brazilian firms expanding outside the country. It hired John Corcoran from UBS AG in 2012 to lead the international bond-syndication group in New York. The bank has also grown throughout Latin America, with hirings announced in Brazil, Mexico, Chile, Peru and Colombia.
Itau BBA hired Gregory Wagner last year from Royal Bank of Scotland Group Plc to create an international prime-services business for hedge funds and other large clients. Wagner is based in New York as global head of prime services.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
