Banco Itaú Holding Financeira S.A: Board Director since March 2003 and Member of the Audit, Disclosure of Material Information and Insider Trading committees; Banco Itaú S.A.: Board Director from April 2002 to March 2003; partner in InterAmericana Ltda. and from December 2001, a Board Director for the Sadia Group and UBV União Brasileira de Vidros and Brasmetal Waelzholz; sits as a member on the advisory boards of the BM&F Commodities and Futures Exchange, Medial Saúde and DMR Consulting Brasil and is a member of the Trustee Board for the Antonio Prudente Foundation of the Cancer Hospital. He joined Bradesco in 1957, rising through the ranks to become Vice President of the Executive Board and the Senior Board of Directors until 1996. Between 1991 and 1994, he was President of the Federation of Brazilian Banks Association - FEBRABAN and a Member of the National Monetary Council. Represented Bradesco on the Boards of Ericsson, CSN, Latasa, Monteiro Aranha and others. On 1995, he was elected as a Board Director of Tubos e Conexões Tigre. In 1996, he joined the Camargo Corrêa Group as Chairman of the Board of Directors of the holding company. Chairman of the Board of Directors of USIMINAS (1997) and São Paulo Alpargatas (to September 1999), when he was appointed to the federal government as Minister for Development, Industry and Foreign Trade, a position he held until July 2001.

Academic Background: Graduate in Business Administration from Universidade Mackenzie with a Bachelor’s degree in Law from the Faculdades Metropolitanas Unidas.