It was the financial crisis of 2008. Ricardo Marino was a successful thirty something banking executive leading the bank’s expansion strategy in Latin America. During this turbulent and volatile year, Ricardo Marino was elected the youngest President in the history of Felaban (Latin American Federation of Banks). More importantly, that was also the year of the merger between Itaú, which his family owned, and Unibanco, creating the largest bank in the Southern Hemisphere. At that time, he was also the Chief Human Resource Officer of the bank, responsible for the critical mission of integrating the culture, people, processes and HR policies of the newly merged banking giant. Today, Itaú Unibanco is on the exclusive list of the Dow Jones World Sustainability Index in recognition of its corporate sustainability.
That was not only a successful merger of banks but also a partnership of families (the Egydio Souza Aranha and the Moreira Salles family). Family Governance is also a subject that Ricardo is passionate about. He developed and designed the framework that would become the embryonic foundation to the multi-family governance platform today.
On his 40th birthday, he negotiated and signed the merger between Itaú and Corpbanca in Chile, creating the 3rd largest bank in Chile and the 5th largest in Colombia. Today, as the executive leading Itaú Unibanco Latam, Ricardo Marino dreams big: to help Itaú Unibanco become the Global Latin American Bank by 2020.
What is next for the husband whose wife, Patricia, is equally passionate about working with millennials and highly vulnerable communities? This husband and wife pair established an endowment, which funded their current organization, “PDR”. The foundation is dedicated to incubate, accelerate and escalate social impact projects.