Itaú Securities is an American securities firm based in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

that is a subsidiary of Brazilian bank

Itaú Unibanco Banco Itaú Unibanco S.A. is a Brazilian financial services company headquartered in São Paulo, Brazil. Itaú Unibanco was formed through the merger of Banco Itaú and Unibanco in 2008. It is the largest banking institution in Brazil, as well ...

. It is a

broker dealer In financial services, a broker-dealer is a natural person, company or other organization that engages in the business of trading securities for its own account or on behalf of its customers. Broker-dealers are at the heart of the securities and ...

(est: 2002) that specialize in

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

ian

securities A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some countries and languages people commonly use the term "security" to refer to any for ...

for US institutional investors. , the companies market capitalization was US$ 41.7 billion. Itaú’s shares are traded on the

New York Stock Exchange The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...

. The company is regulated by the

National Association of Securities Dealers The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Associati ...

(NASD)and has a net capital of US$ 30million. Itaú Corretora and Itaú BBA, the

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

arm of the group, participated actively in Brazilian IPO’s and block-trade operations, such as Natura, GOL, PIBB, ALL, WEG, Braskem, EdB, Tractebel, Vivax, Gafisa, Totvs, Dasa, Duratex, Eletropaulo, Profarma, Terna and Perdigao consolidating its position as one of the leading distributors in the Brazilian capital markets. Banco Itaú Holding Financeira (ADR: ITU) is a multiple bank under the supervision of the

Central Bank of Brazil The Central Bank of Brazil (, ) is Brazil's central bank, the bank is autonomous in exercising its functions, and its main objective is to achieve stability in the purchasing power of the national currency. It was established on Thursday, 31 Dece ...

and one of the largest financial institutions in Brazil.

Presidents of Itau

Sérgio Millerman, and Thomas Deocoene are the two Presidents of today's Itau.

References

{{reflist

External links

Press release r.e. Itau's implementation of OpenLink trading software
Financial services companies based in New York City

Presidents of Itau

See also

References

External links