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Itaú Unibanco is a Brazilian holding company and bank headquartered in São Paulo. The company is listed on the IBOVESPA financial index on the São Paulo stock exchange. The company was formed in 2008 from a merger of the two banks Banco Itaú and Unibanco. It has 57.5 million customers and describes itself as the largest private bank in the southern hemisphere and competes nationally primarily with Banco do Brasil, Caixa Econômica Federal and Banco Bradesco. Pedro Moreira Salles is Chairman of the Supervisory Board of Itaú Unibanco