The firm said that the hires will bolster its existing capabilities and meet the growing fixed income needs from its client base of high net worth individuals, families, trusts and foundations across North America.

Ginestro has nearly 20 years fixed income experience having served as vice president and senior municipal credit analyst within Wells Fargo’s wealth management group. Prior to this, he was a municipal research analyst at Charles Schwab Investment Management, and held similar leadership roles at Highmark Capital Management and Morgan Stanley.

Before joining Bel Air, HoAire was a senior portfolio manager in New York for Western Asset Management, responsible for the management of over $5 billion in municipal assets across national and state specific strategies.

Bel Air Investment Advisors provides financial advisory, and asset and investment management services to HNW individuals, families, trusts and foundations. It currently oversees more than $7.3 billion in client assets.