People Moves

Citi Intensifies LatAm Client Focus With Florida Hire

Eliane Chavagnon Reporter 5 February 2013


Opportunity in LatAm

In a sign that Latin America is increasingly perceived as an
important market, many US firms have been making hires and launching
offices in recent months to serve clients across the region. In June of
last year for example, Mora Wealth Management established an office in
Miami in light of “a growing Latin American affluent investor market,”
which the firm noted has grown by 18.1 per cent in millionaire wealth
since 2007. More recently, in October Saxo Bank, the
Copenhagen-headquartered online trading and investment firm, grew its
Latin American footprint with the acquisition of NVN Securities Agente
de Valores, a Uruguayan broker, while in December Grand Cayman-based
Cainvest International Bank said it was looking to expand there by
partnering with family offices.

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