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Itaú Unibanco (ITUB4) is updating its executive committee by combining two units into a single PF retail unit under the leadership of André Rodrigues. As a result, Alexandre Zancani, who oversaw the area of “needs and experience,” will be leaving the bank.
The executive Carlos Vanzo, previously in charge of the “business and insurance” sector for individual clients at the bank, will now head the Itaú Companies division, which caters to corporate clients in the retail sector.
The alterations were communicated last week by the bank staff in a letter signed by CEO Milton Maluhy Filho and the director overseeing the human resources department, Sérgio Fajermann.
Itaú has confirmed changes aimed at improving collaboration and combining the customer-focused vision for individual clients. The bank will merge two departments, Needs & Experience and Business & Insurance. Alexandre Zancani, who was instrumental in the Retail sector’s development, will be departing. Itaú expressed gratitude for his dedicated years of service. (Source: “Valor”)
Recently, there have been significant changes at the Itaú summit, starting with the financial vice president, Alexsandro Broedel, leaving for a global role at Santander. Subsequently, Broedel was accused of fraud by Itaú.
The bank fired Eduardo Tracanella, the marketing director, for allegedly using the company card improperly.
MPF is investigating a former CFO of Itaú who is accused of committing financial fraud.
The Federal Public Prosecutor started looking into a potential misuse of funds related to Alexsandro Broedel Lopes, a former high-ranking official at Itaú Unibanco who is set to assume a key role at the Spanish bank Santander.
Itaú Unibanco accused Lopes of mishandling funds during his time in a leadership role, leading to the bank initiating legal action against him in December.
Itaú alleges that Lopes, who was employed by Santander the previous year, may have violated the company’s internal rules by participating in improper payments linked to the bank’s requested evaluations.
Executive denies allegations
Itaú Unibanco, in an official report, stated that after a thorough investigation, they found compelling proof that from 2019 to 2024, a supplier funneled approximately R$ 4.86 million into Alexsandro Broedel’s personal accounts via an intermediary company.
Broedel’s representatives denied the accusations, calling them baseless and trivial. They were also surprised that the bank raised concerns only after the executive resigned to join a major competitor of Itaú.
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