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Itaú Securities is an American securities firm based in New York City, United States that is a subsidiary of Brazilian bank Itaú Unibanco. It is a broker dealer (est: 2002) that specialize in Brazilian securities for US institutional investors. As of 2008, the companies market capitalization was US$ 41.7 billion. [citation needed]
In September 2006, Banco Itaú bought BankBoston's assets in Brazil, Chile, and Uruguay. On November 4, 2008, Banco Itaú and Unibanco announced the merger that resulted in Banco Itaú Unibanco. The institution was born with R$575 billion in assets, a net equity of around R$51.7 billion and a portfolio of combined credit of R$225.3 billion.
Itaú was founded on September 30, 1947 as a subsidiary of the producer of cement Itaú and dedicated exclusively to the transportation of cargo. Operations started in 1948. In October 1955, suffering from the losses of some aircraft due to accidents, Itaú was sold to Transportes Aéreos Nacional. In 1956 Nacional incorporated the airline. [1]
Banco Itaú began in 1945 under the name Banco Central de Crédito (Central Bank of Credit) and later changed its name to Banco Federal de Crédito (Federal Bank of Credit). In 1964, Banco Federal Itaú S.A. merged Banco Federal de Crédito and Banco Itaú, a rural bank belonging to a group originated in Itaú de Minas, in Minas Gerais state. [1]
In time its headquarters moved to São Paulo, in the homonymous state, Brazil's largest financial center.Unibanco grew to be the third largest non-government bank in the country, largely due to the 1995 acquisition of Banco Nacional, which went bankrupt alongside other major financial houses during the national banking meltdown of the early years of the Real Plan.
Instituto Itaú Cultural is a Brazilian not-for-profit cultural institute owned by Itaú Unibanco. [1] The institute was founded by Olavo Egydio Setúbal and created under the Law nº 7505, of 3 October 1986. [2] The institute's goal is to map artistic manifestations and to foster artistic research and production related to all cultural ...
Escuela Nacional de Bellas Artes (Nicaragua) in Managua; Escuela Nacional de Bellas Artes "San Alejandro" in Marianao, Havana; Escuela Nacional Superior Autónoma de Bellas Artes, in Lima, Peru; Faculty of Arts and Design, of the Universidad Nacional Autónoma de México, in Xochimilco, Mexico City
The complex remained a separate entity until 1929, when the Universidad Nacional gained autonomy, meaning it became independent of the government, though still government-sponsored. The Preparatory School became part of the newly independent university system, being designated as Preparatory #1 for a short time.