In the news: Itaú Private Bank partners with Brown Advisory for exclusive alternative investments

Itaú Private Bank has entered into a strategic partnership with Brown Advisory, a private investment firm managing approximately $170 billion globally. This collaboration grants Itaú's private banking clients exclusive access to Brown Advisory's expertise in alternative investments, including hedge funds and international private equity funds.

Fernando Beyruti, global head of Itaú Private Bank, emphasized that while the bank holds about 30% of the private banking market share in Brazil, there is significant potential to expand their advisory role in international investments. This partnership aims to provide clients with access to sophisticated global investment products, enhancing Itaú's existing offerings.

Founded in 1998 and headquartered in Baltimore, Maryland, Brown Advisory is renowned for serving high-net-worth individuals, families, pension funds, and endowments worldwide, with offices in the United States, London, Frankfurt, Singapore, and Tokyo.

Currently, Itaú Private Bank manages approximately R$ 900 billion in assets under custody, with R$ 200 billion in offshore classes, and plans to double its offshore investments within the next five years.

For more information, read the full article on Private Banker International.