Milton Maluhy Filho
Chief Executive Officer
2021 – Present
5 years (current)
Key Decisions & Impact
Maluhy has organized the bank's agenda around client centricity, disciplined capital allocation, risk management, and long-term technology renewal. Under his leadership, Itaú has pursued the One Itaú approach, moving customers from separate applications toward an unified superapp and integrating business, technology, and operations around shared delivery priorities. He has also emphasized data, automation, artificial intelligence, and faster technology deployment while retaining underwriting and capital discipline. Rather than treating digital products as a separate bank, the strategy uses the full product shelf and balance sheet of the universal bank to serve customers through simpler digital journeys.
Legacy
His preparation combined group-level finance and risk work with direct integration experience. Maluhy joined Itaú Unibanco in 2002, became a director in 2007, led Itaú CorpBanca from 2016 to 2018 after the Chilean combination, and served as an executive vice president in 2019 and 2020 before becoming CEO. That background connects regional operations, balance-sheet control, and technology execution. During his tenure, FY2025 results reached ~$30.2 billion (R$167.780 billion) in IFRS operating revenue and ~$8.07 billion (R$44.857 billion) in net income attributable to owners, while the bank continued modernizing distribution and technology. His contribution is a more integrated operating model intended to raise engagement and efficiency without loosening risk standards.