People Moves

Citi Intensifies LatAm Client Focus With Florida Hire

Eliane Chavagnon, Reporter, 5 February 2013

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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.

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