Historical series Itaú Unibanco launches corporate purchasing and wealth management company
With the operation derived from Itaú Unibanco’s Purchasing and Asset Management Division, Itaú Gestão de Ativos (IGA) will provide services to the bank and the market
São Paulo, February 2023 – Itaú Gestão de Ativos (IGA) is a company of the Itaú Unibanco conglomerate specializing in cost efficiency, corporate purchasing and equity.
Derived from Itaú Unibanco’s Procurement and Asset Management Division, IGA will operate as a non-financial company with a technical profile. It will rely on a team of 370 specialized professionals who will be responsible for providing services focused on operational efficiency and quality, as well as ethical and transparent relationships. The services will be provided to Itaú Unibanco’s existing clients and companies from various segments, leveraging the practices and results already obtained at Itaú, which is also an IGA client.
By providing services to the bank, IGA was born with the size and expertise of one of the ten largest companies in its in its segment in Brazil. It annually manages more than R$ 16 billion of purchases, R$ 6.3 billion of non-financial assets and more than 1 million m2 of corporate spaces.
“We saw an opportunity to offer scale and ethics in supplier relationships, having developed them over the years with Itaú. With IGA, we seek to add to these efforts and generate results that, by themselves, clients would be unable to achieve. Whenever possible, we will work with success-based remuneration, avoiding fixed or anticipated payments. In this ecosystem, everyone wins: the clients, the suppliers, IGA and the bank,” explains Claudio Arromatte, Itaú Unibanco’s Director of Assets and Purchasing. “This goal is also aligned with Itaú Unibanco’s ‘beyond banking’ strategy, which seeks to offer products and services that go beyond banking activities, reinforcing the continuity and longevity of Itaú’s relationships with its clients,” he adds. “IGA’s focus is to be a digital company that offers solutions and our intention is to offer services and products for companies of all sizes according to their needs, always acting with the objective of providing the best benefit to the customer and being agnostic in relation to suppliers and technological platforms.”
The expectation is that revenues from services provided to other companies besides Itaú Unibanco will account for the majority of IGA’s annual generation of value. Arromatte emphasizes, however, that the generation of revenue is only one of the company’s objectives. “With IGA, we seek to attract new clients for the conglomerate and strengthen relationships with existing ones, offering our knowledge and experience so that they can achieve greater economic and operational efficiency, improve their financial margins and begin to treat operations beyond their core businesses in a strategic manner”.