Alfredo Setubal - Itasa Investimentos Chairman

Mr. Alfredo Egydio Setubal serves as Chief Executive Officer, Vice Chairman of the Board and Director of Investor Relations of Itausa Investimentos Itau SA since May 11, 2015. Within the Company, he has also been Member of the Ethics, Disclosure and Insider Trading Committee since August 2008 and was Member of the Investment Policy Committee from August 2008 till May 2011. He has served as Member of the Board of Directors of the Company since September 2008. He has also worked for Itau Unibanco Banco Multiplo SA as Member of the Board of Directors since April 2007 and as Executive Vice President and Investor Relations Director since March 2003. He has worked for Banco Itau SA as Senior Vice President since April 2005 and as Executive Vice President from March 1996 to April 2005 Investor Relations Director from 1995 to 2003 Managing Director from 1988 to 1993 and Executive Director from 1993 to 1996. He has served as Member of the Board of Directors of Banco Itau BBA SA since February 2003, and as Vice President of UNIBANCO Uniao de Bancos Brasileiros SA since November 2008. He worked for Associacao Nacional dos Bancos de Investimentos as Vice President from 1994 to August 2003, and President from August 2003 to August 2008. He got a Bachelors degree in Business Administration from Fundacao Getulio Vargas in 1980 and a degree in Business Administration from Fundacao Getulio Vargas . since 2015.