People Moves
Utmost Wealth Solutions Names New Spain, Latin America Wealth Solutions Head
The firm specialises in areas such as life assurance structures.
Utmost
Wealth Solutions, an Isle of Man-headquartered provider of
international life assurance-based wealth solutions, has named a
new wealth protection head for the Spain and Latin America
markets.
Diego de Elejabeitia will lead delivery of tailored life
assurance-based solutions to high net worth clients via
international brokers, asset managers, family offices, and
private banks.
Most recently, de Elejabeitia, who has 25 years’ experience in
financial services, was director of business development at
A&G Bank.
He is taking over from José Vicente Martín, who recently
announced that he intends to retire after 15 years’
service.
Utmost Wealth Solutions, which is majority-owned by Oaktree
Capital Group LLC, had £52.4 billion ($66.52 billion) in assets
under management as of 30 June last year, according to its
website.
In April 2021 Utmost agreed to buy Quilter International in a deal involving £483 million ($664.9 million) in cash.
