Conyers São Paulo advises on Itau Unibanco/MCC wealth management deal - August 2011

Alan Dickson, Chiara T. Nannini, Gabriela Romano • Posted 05/08/2011 • Under Deals & Cases

Conyers advised Itau Unibanco, Latin America's largest private sector bank, in its joint venture agreement with Chile's Munita, Cruzat & Claro (“MCC”), a Santiago brokerage and financial advisory firm which manages nearly $2bn from about 350 clients. The joint venture was formed on August 1, 2011 and will seek to lead the wealth management market in Chile.

Alan Dickson, Chiara Nannini and Gabriela Romano of Conyers’ São Paulo office advised on the deal. Chilean firms Claro Y Cia and Alcaino, Rodrigues, Sahli also advised.

Itaú Unibanco Holding S.A is the largest financial conglomerate in the Southern Hemisphere and is the 10th largest bank in the world by market value, with a market cap of US$108bn.

As the only offshore law firm with an office in Brazil, Conyers provides prompt, relationship-driven advice to clients in São Paulo and throughout Brazil.