November 14, 2016 |
2017 will be a pivotal year for Itaú Unibanco. The bank’s chief executive officer, Roberto Setúbal, is set to retire after more than two decades on the job. At the same time, the bank must keep ahead of the pack in an economic and competitive environment that is shifting sharply.
“We have basically two kinds of challenge,” Setúbal tells LatinFinance. “One is technology... But also the bank will be facing other opportunities given the economic situation. We expect them to be opportunities and not challenges. But I believe that as growth resumes, we will have growth needs as well and this will be very important.”
There is much at stake. Itaú Unibanco is not just Latin America’s largest bank.
As Latin America’s biggest bank by market value prepares for a leadership transition, the operating environment is rapidly evolving with new competitors, a new political backdrop and major economic changes. Katie Llanos-Small examines Itau´ Unibanco’s plans for the years ahead.