People Moves
Citi Intensifies LatAm Client Focus With Florida Hire

Citi Private Bank
has brought in Luke Palacio as managing director and regional
market
manager for the Southeast region, as the firm also looks
to expand
its ultra high net worth Latin American business.
Based in Miami, FL, Palacio is tasked with reinforcing the
firm’s
presence throughout South Florida and beyond what Citi
describes as the
“key locations” of Miami, Boca Raton and Palm Beach. He will
also
instigate a strategic focus on UHNW Latin American clients based
in
North America.
Palacio takes up his role on March 18 and will report to Paul
Hubert,
global market manager for the Eastern region. According to
Hubert,
Palacio has around 20 years of industry experience, of which
a
significant proportion has been spent focusing on the
UHNW market in the
Southeast region and Latin America.
Meanwhile, Palacio is also tasked with expanding Citi’s UHNW
group
across Latin American markets such as Chile, Argentina, Peru
and
Colombia. In this capacity, he will report to Genaro Poulat,
global
market manager for Latin America.
Palacio joins Citi from JP Morgan Private Bank, where he was
a
managing director and senior banker in Miami and led a team that
serves
UHNW families. He also served for seven years as a member of the
private
bank's Latin America operating committee.