Pedro Moreira Salles was to the banking industry born, so to speak, since he is the son of the late Walter Moreira Salles who is considered by many as one of Brazil’s founders of its modern banking and finance industry. He joined his father’s company, Itaú Unibanco, in 1989; Itaú Unibanco is Brazil’s largest private banking institution.
He became Vice Chairman for nearly six years and then Chairman of the Board of Directors by 1997. He was elected chief executive officer in April 2004. He also currently holds the distinguished position of Chairman of the Board of Directors of the Unibanco AIG Seguros e Previdência as well as Chairman of Unibanco Holdings’ Board of Directors.
Salles is also a member of several organizations outside of the banking industry. He is a member of a non-profit initiative known as the Group of 50 along with other influential Latin American executives; the group is sponsored by the Inter-American Dialogue and the Carnegie Endowment for International Peace. He is also the Vice-Chairman of a microcredit non-governmental organization, PlaNet Finance Brasil, as well as an Advisory Board of IBMEC member.