| The Private Bank evolved from its pioneering beginnings to further crystallize
the concept of wealth management in Brazil, designing and implementing a broad
range of customized products and services covering financial, estate and succession
planning, in addition to real estate transaction advisory services. With the addition
of these new options, clients can now base their decisions on their own consolidated
net worth and financial data, with cash flow analysis and detailed assessments
of their estate, which help pinpoint and time further growth opportunities with
accuracy.
The coverage of the Team Based Client Service, specialized in domestic and
foreign equity, fixed-income and structured operations markets, and fully equipped
to provide individualized and differentiated service alternatives to clients,
was further extended in 2004.
Assets under management in this category grew 23% in the domestic market and
7% in the international market compared to the previous year. Some R$4.5 billion
of this total comprise investments in funds and managed portfolios. Unibanco's
Private Bank ranked second in Anbid's national ranking with a 9.3% market share.
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