Itaú BBA nabs Charles Stewart from Morgan Stanley 28 March 2013London Reporter: Georgina Lavers
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Charles Stewart has moved from Morgan Stanley to become the CEO of Itaú BBA International, the London division of Brazilian investment bank Itaú BBA.
Stewart was deputy head of EMEA investment banking for Morgan Stanley, and will start on 24 June. He replaces Almir Vignoto, who will move to New York to head up Itaú BBA's US arm.
Candido Bracher, CEO of Itaú BBA, said: "Managing to lure top professionals like Charles Stewart reinforces our position as a bank specialized in Latin America but with a global scope."
Morgan Stanley said Kamal Jabre, currently chairman and chief executive of its Middle East and North Africa business in Dubai, would take Stewart's position and relocate to London.
Last year, Itaú moved its corporate and investment banking arm's European headquarters to London from Lisbon, and recently hired two London bankers to its board as non-executive members.
In March, the bank recruited Kristen Dove and Ross Levin for its prime services division in New York. Dove joined the bank as vice president of prime services sales, trading and marketing, previously working at RBS Americas. Levin joined as head of prime services business architecture, also coming from RBS.
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