Bermuda-headquartered Clarien Bank has appointed Ronaldo Veirano as an independent director, responsible for advising on the bank’s growth and strategic expansion into Latin America.

Bermuda-headquartered Clarien Bank has appointed Ronaldo Veirano as an independent director, responsible for advising on the bank’s growth and strategic expansion into Latin America.

Veirano is the founding partner of Veirano Advogados, the Brazilian law firm; he has considerable knowledge of the private wealth and institutional banking sectors in Latin America, Clarien Bank said in a statement today. He is also a member of the executive committee of the Brazil-China Business Council and the United States Business Council.

He joins three other presiding board members, Buford Alexander, Michael Quinn and Gregory Slayton. They add to the long standing management team of local board directors, James Macdonald, James Gibbons, Hal Masters and Andrew Parsons. Keith Stock remains chairman of the board representing Clarien Group Limited.

“Over the last two decades there has been a positive change in the LATAM market. The rapid rise of entrepreneurs and ultra-high net worth individuals has resulted in a greater demand for sophisticated wealth management, corporate banking and investment services. Brazil alone presents a particularly strong opportunity. Not only will it be the world’s fourth largest economy by 2030, but at present there are more than 200 high net worth individuals worth over $500 million dollars residing there,” Veirano said.

Clarien Bank provides personal and commercial banking, wealth management, asset management and investment banking.