Management Board

He is the Chairman and Independent and Non-Bound Member of the Board of Directors of B3. He is a co-founder of GHT4-The Family Company, a multi-family office established in 2021 aimed at resource management, new business development, financial advisory, and family governance.

With a career spanning 33 years at Itaú Unibanco, where he joined as a trainee in 1987 and left as General Officer of Wholesale Banking and CEO of Itaú BBA in 2021, he held various roles within the institution.

He became a partner at Itaú BBA in 2005 and a partner at Itaú Unibanco in 2010. As General Officer of Wholesale Banking from 2018 to 2021, he was responsible for Corporate Banking, Investment Banking, Asset Management, Private Banking, and Treasury & Global Markets. During this time, he led the entire international operation of the conglomerate, which includes retail banking units in Latin America (Argentina, Paraguay, Uruguay, Chile, Colombia, and Peru) and corporate and investment banking in the Americas, Europe, and Asia.

He served as CEO and Chairman of Itaú BBA from 2018 to 2021 and as Executive Vice President from 2010 to 2018, holding various leadership positions, including CFO and CRO of the Itaú Unibanco Conglomerate. In 1998, he worked as an associate at Bankers Trust Co. in New York in the Global Risk Management area, interacting with the international financial and capital markets. He served as a Board Member of Itaú BBA and Porto Seguro (2013 to 2015) and was Vice President of the Board of Directors at Rede, a company that acts as a payment acquirer for Itaú Unibanco (2010 to 2012). Additionally, he was the Chairman of the Advisory Board of the Credit Guarantee Fund (FGC), a deposit insurance institution of the Brazilian financial system (2013 to 2015), a Board Member of Itaú CorpBanca in Chile (2019 to 2020) and the Chairman of the Board of Directors of Dimensa (2021 to 2025).

He holds a degree in Mechanical Engineering from Mackenzie University with a postgraduate degree in Economics and Finance from the University of São Paulo (USP), a master’s degree in Controllership also from USP, and an MBA from New York University in the USA, specializing in finance and international business. In 2021, he completed the Executive Program at Stanford University with a focus on innovation and digital economy.

He is an Independent and Unbounded member and current Vice-Chairman of the Board of Directors of B3 and founding partner and CIO of Constellation. Prior to founding Constellation, Florian was a partner at Banco Pactual where he was head of research, proprietary trader, Asset Management responsible and manager of all equity funds and portfolios. Florian earned a B.S. in Business at Pontificia Universidade Católica – PUC Rio (1990). He graduated from Harvard’s YPO President’s Program (2010 – 2021), Advanced Value Investing at Columbia Business School (2021), CEO Harvard Business School Program (2021/23), Bruce Grenwald’s Value Investing Course (2013) at Columbia Business School, Disruptive Innovation (2020) at Harvard Business School, Singularity University Executive Program (2015), Sustainable Business Strategy at Harvard Business School and the Behavioral Finance program at Harvard Kennedy School (2016). Florian was a professor of a Value Investing course at INSPER University in São Paulo and presided the Paulista Chapter of YPO – Young Presidents Organization. In the third sector, Florian is the Vice-President of Instituto PROA, one of the biggest Non-Profit Organizations connected to professional education in Brazil, participates on the Board of Lemann Foundation, as well as the Board of Revista Nova Escola.

He is an independent and non-affiliated member of the Board of Directors of B3, an independent member of the Board of Directors of Inter&Co, and the founder of Volpe Capital. He was an independent member of the Board of Directors of Banco Inter from 2019 to 2023. He served as Managing Partner and Head of Brazil at Softbank Group International from 2019 to 2020. Prior to that, he was a co-founder of 30 Knots, a venture capital fund in Latin America, in early 2019. He began his career at J.P. Morgan (2002 to 2019), where he spent 17 years, including 7 years in New York, and was involved in over 200 M&A and Capital Markets transactions, serving as Managing Director at J.P. Morgan and Head of the Investment Banking Advisory area in Brazil (2017-2019), responsible for covering sectors such as technology, telecommunications, and media in Latin America, while also serving as head of Equity Capital Markets for Latin America. He holds a degree in business administration from EAESP-FGV (2003) and is fluent in English and Spanish.

Senior executive with over 30 years of experience in the technology market. She has worked in global technology companies, Microsoft and IBM, and led businesses in Brazil and Canada. She has relevant experiences in both B2B and B2C and a strong history of building businesses of sustained growth or large turn arounds. She became an angel investor, VC co-investor, at Bossa Nova, and mentor to entrepreneurs, executives and startups. She is an Advisory Board Member at EqualWeb, and an Independent Board of Directors’ Member at Senior. She develops work related to Inclusion and Diversity, such as the creation of an investment fund within VC Bossa Nova to support female founders or co-founders of startups and solutions focused on the female market. He is the Treasurer at the Jewish Federation of São Paulo – FISESP, Fiscal Advisor at the Jewish Museum of São Paulo – AAMJSP, Member of the Finance Committee at the Albert Einstein Hospital – SBIBHAE, and Member of the Deliberative Council of the ATID Association – Microcredit. Bachelor’s in computer science, Master in Science by ITA, Executive MBA by FGV, PostGraduation in Digital Business by Columbia/MIT and Counselor Training by Saint Paul. Specializations in executive programs at Wharton, MIT and Singularity.

She is a member of the Board of Directors at Inter & Co, Inc. She was a member of the Executive Committee of Baker McKenzie Global Law Firm (2013-17), President of the Global Financial Committee of Baker McKenzie Global Law Firm (2013-17), President of Latin America of Baker McKenzie Global Law Firm (2013-17), a Member of the Consulting Committee of TrustWomen (Thompson Reuters Foundation, 2014-17). She was the Managing Partner of Trench Rossi Watanabe (in cooperation with Baker McKenzie, 2010-13). She also worked as Latin America Coordinator of the M&A and Private Equity practice groups (2004-11), and as a specialized attorney in Mergers & Acquisitions (M&A) in Brazil and in the United States (1986-2011). She also was a member of the Fiscal Council of Instituto de Responsabilidade Social Sírio-Libanês. She holds a degree in Law from Universidade de São Paulo, a Master’s degree in Comparative Law (Southern Methodist University – Dallas), Executive Management Program (Kellog School of Management – Northwestern University – Chicago), Executive Leadership Program (The Center for Creative Leadership – Colorado Springs), International Directors Program (INSEAD – The Business School of the World). She is a member of the Governance Council of B3 Social, a third sector entity.

She is an independent and non-affiliated member of the Board of Directors of B3 and the president of the Board of the Alef Peretz School. Her executive career at Itaú Unibanco lasted over three decades, during which she served as Executive Vice President (2013-2020), leading the Legal, Human Resources, Corporate Affairs, Marketing, ESG, and Compliance areas. She was a member of the Executive Committee and served as secretary of the Board of Directors (2012-2018). She holds a Bachelor’s degree in Law from the University of São Paulo (USP), a Master of Laws (LL.M.) from the University of Virginia, and an MBA from Fundação Dom Cabral. She is currently pursuing a master’s degree in Jewish and Near Eastern Studies at Brandeis University. She serves on the Sustainability and Philanthropy Committees of the Albert Einstein Israeli Beneficent Society Hospital and is a member of the Board of the Institute Todos pela Saúde, the Brazilian-Israeli Union for Social Welfare – Unibes, and the Itaú Foundation. Additionally, she is an independent member of the Self-Regulation Board of the Brazilian Federation of Banks – FEBRABAN.

She is the CEO of Iguatemi S.A. since January 2022, a member of the Board of Directors of B3 S.A., the Finance Committee of Votorantim Cimentos, and the Fiscal Council of Rumo S.A. The executive, who worked as co-CEO of Iguatemi S.A. since October 2021, is in the Company since 2008, of which 13 years she was CFO responsible for the areas of Strategic Planning, Innovation, e-commerce, M&A, Accounting, and Fiscal Controllership. Cristina was also responsible for the idealization, implementation, and management of Iguatemi365, the brand e-commerce launched in October 2019. She holds a degree in Business Administration from Fundação Getúlio Vargas (FGV) in 1991, CEAG in 1994, and an MBA from INSEAD, in France. Previously, she worked in companies such as PriceWaterhouse, Banco Credit Suisse, First Boston Garantia, Bain & Company, and TAM Linhas Aéreas S/A. At TAM, she was the Strategic Planning and Controllership Director, and also was responsible for the Investor Relations area.

He is an independent and affiliated member of the Board of Directors of B3, CEO of Banco XP since 2020, and a member of the Board of Directors of TAO Music Tech and Banking S.A. Considered one of the most important professionals in the Brazilian financial sector, he has a successful career at some of the leading institutions present in the country. Between 2013 and 2020, he was the CEO of J.P. Morgan in Brazil. Previously, from 2012 to 2013, he served as CEO of Gávea

Crédito, and from 2007 to 2012, he held various CEO positions at Banco Santander (Investment and Wholesale Banking, Asset Management, Private Banking, and Retail Banking), in addition to being a member of the Board of Directors. He also had stints at Banco ABN Amro Real S/A, Banco BBA Creditanstalt S/A, ING Barings, ING Bank Brazil, and Banco Boavista. He graduated in Law from the Pontifical Catholic University of São Paulo. He is a member of the board of directors of the Brazilian Federation of Banks (Febraban). He is the president of the Board of the Brazilian Fund for Biodiversity (FunBio). He was the President of the Brazilian Association of International Banks (ABBI) and a member of the boards of B3, the National Association of Credit, Financing, and Investment Institutions (Acrefi), and the Brazilian Banking Association (ABBC).

She is an independent and affiliated member of the Board of Directors of B3. She is a serial entrepreneur, investor, and recognized expert in innovation strategy and digital transformation, with a career marked by the founding and leadership of more than five innovative companies in sectors such as healthcare, technology, and communication. As the founder and CEO of Maisha Innovations, Rachel leads strategic initiatives that integrate advanced technology, business development, and human capital, aiming to drive sustainable growth and effective transformation for organizations and individuals. Among her achievements are the founding of Hekima, a pioneering startup in artificial intelligence in Brazil, which was acquired by iFood in 2020, and the Grupo Pró-Criar (now Grupo Huntington), a reference in reproductive medicine acquired by the Spanish company Eugin in 2018. Her extensive experience also includes serving as an independent advisor and strategic consultant for renowned organizations such as Grupo Fleury, Fundação Dom Cabral, Biominas Brasil, and Omega Energia, directly collaborating on strategic decisions, digital transformation, and the modeling of disruptive business models. Rachel holds a degree in Advertising and Public Relations (Uni BH), an MBA in Marketing (IBMEC), a specialization in Innovation & Entrepreneurship (Stanford University), and a postgraduate degree in Neuroscience and Behavior (PUC-RS).

He is an Independent and Bounded member of the Board of Directors of B3. Currently, Mauricio Minas is a member of the Board of Directors of Banco Bradesco S.A., a member of the Board of Directors of Bradespar S.A., a member of the Board of Directors of Next Tecnologia e Serviços Digitais S.A., alternate member of the Board of Directors of Odontoprev S.A. and alternate member of the Board of Directors of Grupo Fleury S.A. At Banco Bradesco S.A., he was the Executive Vice-President Director (Jan/2014-19). He also was a member of the Board of Directors at BBD Participações S.A., Cidade de Deus – Companhia Comercial de Participações (Holding), Bradesco Leasing S.A. – Arrendamento Mercantil, BSP Empreendimentos Imobiliários S.A., NCR Brasil – Indústria de Equipamentos para Automação S.A., e NCF Participações S.A., where he also worked as Vice-President Director (Jun/2016 to Jan/2019). He was the Chairman of the Board of Directors of Aquarius Participações S.A., and Vice-President of the Board of Directors of BBC Processadora S.A., and Chain Serviços e Contact Center S.A. He also was the President Director of Scopus Tecnologia Ltda. Until January 2019, he held positions in several companies, having being appointed Managing Officer of Banco Bradesco BERJ S.A., and of Bradesco Administradora de Consórcios Ltda., and General Manager of Scopus Soluções em TI S.A. (Apr/2018). Previously, he was appointed Managing Officer in the following companies – Banco Bradescard S.A., Banco Bradesco Cartões S.A., Banco Bradesco Financiamentos S.A., Banco Losango S.A. – Banco Múltiplo, BEM – Distribuidora de Títulos e Valores Mobiliários Ltda., Bradescard Elo Participações S.A., Kirton Bank S.A. – Banco Múltiplo, e Tempo Serviços Ltda. (Apr/2017). He was also a Director of Banco Alvorada S.A., and Vice-President Director of Banco Bradesco BBI S.A. (2014-19). Mauricio was the Director of União Participações Ltda. (2014-18), Director of Banco CBSS S.A. (2014-16), in addition to having held the position of Managing Director of Bradesco Seguros S.A. (2015-16). He holds a degree from Polytechnic School of the University of São Paulo. Executive Education Program in Finance, Wharton School, University of Pennsylvania; General Management Program, Columbia University, New York e Corporate Board Director Program, Harvard Business School, Boston. Strategic Partner do World Economic Forum (WEF). He participates in the third sector as a Member of Mesa Regedora, Managing Director of Fundação Bradesco, and Director of Nova Cidade de Deus Participações S.A.

Currently, he is the Executive Director and a member of the Executive Committee of Itaú-Unibanco S.A., responsible for the areas of Global Markets & Treasury, and LatAm (Argentina, Paraguay, Uruguay, and Colombia). With more than 30 years of experience in the financial market, he led the group of Markets & Securities services at Citi Brazil, a segment of business that includes all activities related to Sales & Trading of Global Markets products (Rates, Currencies, Commodities, Equities, Credit, and Custody Services). He was a member of the bank’s Executive Committee (2008-21), participating in and leading the managing committees of the institution. He worked in the following associations: representative of Citibank in the Executive Board of Febraban (2013-21), he was the president of the Treasury Committee of Febraban (2010-13), Vice-President of Anbima (2010-21), and Director of Anbima (2005-07). He participated as a mentor in several talent developments and diversity programs (Juniors and Seniors). He was a member of the Diversity Committee of Citi LatAm, Co-Head of Citi Women Brazil, and leader of the Generation Diversity Group. He graduated in Business Administration from PUC São Paulo.

She is an independent member of the Related Parties Committee of Neoenergia S.A., a member of the Advisory Board of the Instituto Techmail de Formação e Capacitação de Pessoal, where she previously served as an Advisory Board member, and an alternate member of the Fiscal Council of CBDN – Confederação Brasileira de Desportos na Neve. She served as Administrative-Financial, Governance and Investor Relations Officer at Duke Energy and has held other positions in Brazilian and multinational companies such as Grupo Safra (including BCP and BSE), Grupo Bunge and Unibanco. She served as Chair of the Board of Directors of Duke Energy International and as a member of the Board of Directors of BCP and BSE, as well as a member of the Fiscal Council of B3 from 2019 to 2024, of Telemig Celular S.A., and of the Endowment SempreFea Association. She was also a member of the Statutory Audit Committee of CESP S.A. and Altsa (Pernambucanas) and an independent member of the Board of Directors and Coordinator of the Audit Committee of PRODESP S.A. She holds a degree in Accounting from the University of São Paulo (USP), has completed coursework toward a master’s degree in Controllership from the University of São Paulo (USP) and holds a specialization in Financial Mathematics, also from USP. She holds an MBA in Management from the PDG-EXEC program and a post-MBA degree from BI International/Columbia University. She is certified by the IBGC – Instituto Brasileiro de Governança Corporativa as a Board Member and Fiscal Council Member.

She is an alternate member of the Fiscal Council of B3 and of Raízen S.A. She is also a member of the Board of Directors and the Audit, Risks, Internal Controls and Compliance Committee of Hapvida Participações e Investimentos S.A. She served as a member of the Fiscal Council from 2011 to 2013 and of the Board of Directors from 2013 to 2018 at Fibria Celulose S.A., as a member of the Board of Directors of Paranapanema S.A. from 2014 to 2016 and member of the Fiscal Council at Invepar S.A. from 2016 to 2018. She holds a degree in Business Administration from FGV-EAESP, a postgraduate degree in Business Administration and Accounting Sciences from FGV, a master’s degree in business administration from USP and a master’s degree in Controllership and Accounting from FEA/USP. She is a certified councilor by ICSS-A, with participation in the Risk Management and Controls Committee of the Brazilian Institute of Corporate Governance – IBGC and participation in the Board Members of EY, as well as ACI-KPMG.

He served as Accounting Affairs Officer at B3, as an Expert Member of the Audit Committee of Banco B3 before the Central Bank of Brazil, as an effective member of the Fiscal Council of B3 Social and as an alternate member of the Fiscal Council of FIN (National Confederation of Financial Institutions). He served for 12 years as an effective member of the Accounting Pronouncements Committee (CPC) and for 5 years as Administrative Officer of the Foundation for Support of the Accounting Pronouncements Committee. He has more than 35 years of extensive professional experience in the financial area, with expertise in the preparation and review of financial statements, financial planning, internal controls and corporate and tax matters. He worked as an external auditor for 14 years at PricewaterhouseCoopers and held roles in the finance departments of BankBoston, Banco ABN Amro Real S/A and B3. He holds a degree in Accounting Sciences from Faculdade de Economia São Luís.