Morgan Stanley (NYSE:MS) Private Wealth Management announced today that it has hired a cross border team of 10 investment professionals to serve the Latin American market.
A team of six will be based in the new Private Wealth office in Miami and includes three Investments Representatives: Executive Director Diego de Lope Friedeberg, Executive Director Angel Munoz Bonilla and Executive Director Jaime Sanchez Yarza. They will be joined by Vice President Ana Leighton and Carlos Angel and Adilia Lugo, who will support the group.
To strengthen its Latin American coverage, Morgan Stanley has also hired four additional members who will be based in Geneva, Switzerland, who will further develop the Firm’s Swiss Private Banking offering in Latin America. The team includes two Investments Representatives: Managing Director Jose Sarrado and Executive Director Miguel Zorrilla. They will be joined by Ana Santillan and Sandra Mullens, who will support the group. It is anticipated that they will begin working in April.
The team joins from Goldman Sachs with combined assets of $3 billion, and will report to Ernesto A. de la Fe, Managing Director and Head of Latin America.
“We are committed to growing our private wealth business globally, and are delighted that a team of this caliber is joining us to serve the Latin American market from Miami and Geneva. This is largest external team we have hired in Private Wealth Management, and the third major team we’ve added in the past two months to serve Latin America,” said James P. Gorman, President, Global Wealth Management Group.
“We are extremely pleased that this seasoned team, with extensive knowledge of the Latin American markets and a strong Swiss banking capability, has joined Morgan Stanley,” commented Donald J. Herrema, Head of Private Wealth Management, Americas. “Morgan Stanley is committed to expanding in this market and these appointments underscore our resolve to increase our footprint in this region.”
“This team has worked together for many years and will be an important addition to our efforts in the region,” commented Mr. de la Fe. “The new office will primarily serve ultra high net worth Latin American clients with $20 million or more in investable assets.”
The regional office is located at 200 S. Biscayne Blvd. in downtown Miami.
Morgan Stanley Private Wealth Management provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the Americas, Europe, the Middle East and Asia.
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