Itau BBA Hires Stewart From Morgan Stanley as London CEO
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Banco Itau BBA SA, the wholesale arm of Itau Unibanco Holding SA, the biggest Latin American bank by market value, hired Charles F. Stewart from Morgan Stanley as chief executive officer of its London subsidiary.
Stewart, who was deputy head of European, Middle East and Africa investment banking for Morgan Stanley, will be based in London and start his new job on June 24, Itau said today in a statement. He replaces Almir Vignoto, who will move to New York to lead Itau BBA’s U.S. activities. Stewart worked at Morgan Stanley for 19 years, where he had been head of Latin American investment banking.