Pedro Moreira Salles (born October 20, 1959) is a Brazilian banker. He belongs to one of Brazil’s oldest banking families, the Moreira Salles. His late father, Walther Moreira Salles, was the founder of Unibanco and a former ambassador to the United States. In 2008 Unibanco merged with Itau paying , then Brazil’s second-largest commercial bank and today the largest bank in Latin America. Pedro is the bank’s Chairman and the Moreira Salles family owns a controlling stake in the bank. Aside from the bank, the family has mining interests in Companhia Brasileira de Metalurgia e Mineracao, which is said to control over 80% of the world’s supply of Niobium, a metal used to strengthen steel. A 2011 transaction valued the company at US $13B. The family is also prominent in arts and philanthropy.