Unlocking Global Investment Opportunities
Itaú Private Bank, a pioneer in Brazil’s private banking sector, has forged a strategic alliance with Brown Advisory, a leading private investment firm managing a staggering $170 billion in assets worldwide. This partnership grants Itaú Private clients in Brazil exclusive access to a diverse range of hedge funds and foreign private asset investment funds, carefully curated by Brown Advisory.
A New Era of Investment Opportunities
Brown Advisory, founded in 1998, boasts a strong reputation for independence and private ownership. With offices spanning the globe, from Baltimore to Tokyo, the firm specializes in alternative investments, catering to high-net-worth individuals, families, pension funds, and non-profit organizations.
Expanding Horizons
Fernando Beyruti, global head of Itaú Private Bank, emphasized the significance of this partnership: “With a substantial 30% market share in Brazil’s Private Banking segment, we recognize immense potential for growth. Our collaboration with Brown Advisory marks a significant milestone, enabling our clients to tap into the most sophisticated global investment products, while leveraging our existing offerings.”
Exclusive Access to Global Assets
This exclusive agreement offers Itaú Private Bank clients in Brazil unparalleled access to fund-of-funds management and a diverse array of assets, including hedge funds and private markets across multiple geographies. The teams from Itaú International Fund of Funds and Brown Advisory are already working in tandem to refine their offerings and optimize existing portfolios.
Ambitious Growth Plans
Itaú Private Bank aims to double its assets under management in Private International within the next five years, solidifying its position as a truly global private bank. With approximately R$900 billion in assets, including over R$200 billion offshore, Itaú Private Bank operates through offices in Brazil, Miami, Zurich, and Lisbon, serving 11,000 economic groups with a workforce of over 900 employees.
A Partnership Built on Trust
This strategic alliance is a testament to Itaú Private Bank’s commitment to providing its clients with the most innovative and effective investment solutions. By combining forces with Brown Advisory, Itaú Private Bank is poised to unlock new opportunities for its clients, cementing its position as a leader in the private banking sector.
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