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US and Swiss Wealth Managers Team Up to Open in Spain

Nick Parmee

22 July 2008

Florida-based Southern Trust Securities Holding Corp, a financial services company offering broker-dealer, investment banking, investment advisory and wealth management services, has opened offices in Spain as part of a new joint venture with the Genevan financial group International Private Wealth Management.

The new joint venture company, IPWM Spain, owned 50/50 by the two firms, will target the growing wealth management and private banking market in Spain. The offices will be located in Barcelona, San Sebastian and Marbella.