Pedro Moreira Salles (born October 20, 1959) is the current Chairman of Itaú Unibanco, the largest non-government banking institution in Brazil and is listed by Forbes as a billionaire, with a net worth of US$ 2.6 billion.
Salles has been unofficially involved with Unibanco since birth, since the bank was headed for several decades by his father, the late Walter Moreira Salles. Pedro joined Unibanco in 1989 and became Chairman of the Board of Directors in 1997, after serving as Vice Chairman for almost six years. In April 2004, Mr. Moreira Salles was elected CEO. As of 2016, he serves as Chairman of the Board at Itaú Unibanco Holding.
Mr. Moreira Salles is also a member of the Group of Fifty (G-50) – a non-profit initiative, composed of a Latin American executives and sponsored by the Carnegie Endowment for International Peace and the Inter-American Dialogue, in Washington D.C. Additionally, he is a member of the Advisory Board of IBMEC, and Vice-Chairman of PlaNet Finance Brasil, a microcredit Nongovernmental organization (NGO).
Education and family
He holds a bachelor’s degree in economics and history from the University of California, Los Angeles, where he graduated Magna Cum Laude. He subsequently attended the graduate program in International Relations at Yale University and the Owner/President Management Program at Harvard University. Salles is married to Marisa Moreira Salles and has two children. He is a younger brother of film director Walter Salles, of Oscar-nominated Central Station fame.
Pedro Moreira Salles suffers from muscular dystrophy and is wheelchair-bound. He says he copes with the disease with “a lot of psychotherapy,” yet he lives a busy professional and social life. He and his wife support stem-cell research.