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Itaú names CEO for US unit in management restructuring


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Itaú names CEO for US unit in management restructuring

Itaú Unibanco Holding SA has appointed Carlos Constantini, its former global head of equity and fixed-income distribution and research, as CEO of its U.S. subsidiary, Bloomberg News reported, citing Eduardo Vassimon, the bank's wholesale general officer.

In an interview with the news outlet, Vassimon also confirmed the appointment of Christian Egan as head of the company's global markets and treasury business.

Based in Miami, Constantini will also assume responsibility for Itaú's Northern Hemisphere wealth-management operations, which include the bank's Zurich business.

His previous duties will be split among Rodrigo Magalhaes, who will serve as global head of equities distribution; Percy Moreira, who will lead fixed-income distribution; and Joaquim Ley, who will become global head of equity and fixed-income research.

Meanwhile, Almir Vignoto will step down as head of the company's New York operations in the coming months and will serve as an advisor and member of the U.S. board, Vassimon said.

Additionally, Alberto Mulas, Itaú's CEO for Mexico, will step down at the end of December to focus on personal projects. The company sold its Mexican brokerage business to an undisclosed buyer earlier in 2016.