Updated July 1, 2011
Charles L. von Breitenbach II was named head of North America, institutional, at Itau USA Asset Management.
The position is new, Mr. von Breitenbach wrote in an e-mail.
He will develop the asset management business and lead the company's relationship management area. He reports directly to Roberto Nishikawa, Itau USA Asset Management's managing director.
Mr. von Breitenbach was head of North America, sales and marketing, at AXA Investment Managers. Matt Benson, a spokesman for AXA IM, said in a telephone interview that Mr. von Breitenbach's duties have been assumed by other employees.