At JP Morgan Chase & Co, Hamilton was an assistant vice president of business banking, responsible for a portfolio of around 100 clients and $30 million assets under management. He was also a personal banker at the firm's downtown Manhattan Chase Plaza branch.

This is the third hire announced at the wealth business in recent months, after the bank hit some trouble in October 2010 when it was served with a cease and desist order from regulators, citing unsound banking practices related to its Bank Secrecy Act and Anti-Money Laundering policies and procedures, as well as problem loans. Near the end of June this year Matthew Lapides, managing director of wealth management, resigned and Adolfo Henriques, the firm’s vice chairman, president and COO, reportedly assumed the wealth management responsibilities on an interim basis.

Gibraltar Private was set up in 1994 and has eight full-service banking offices in Coral Gables, Fort Lauderdale, Miami, Miami Beach, South Miami, Naples, Ocean Reef and New York, and a loan production office in Aspen, Colorado.