Barclays Wealth said Wednesday that it had hired three advisors for its Latin American ultra-high-net-worth operations from HSBC and JP Morgan, while Baird announced on the same day that it had picked up two advisors in San Francisco from Credit Suisse. On Monday, Raymond James employee-channel added a top producer in Houston that joined from Morgan Stanley Smith Barney.
Barclays says Narciso Muñoz, formerly with HSBC’s International Private Bank, is now based at its Miami office. Muñoz has about 17 years in the wealth-management business with a focus on Argentina that includes work for BankBoston.
Isaac Topel and Andres Cazenave are working for Barclays in Geneva as part of a 70-member team of advisors and bankers serving the needs of Latin American clients. They join from JP Morgan. Earlier, Topel worked for BankBoston, PaineWebber and Merrill Lynch, while Cazenave was employed by UBS and HSBC.
“Over the last decade, Latin America has seen extensive growth in the wealth market and for Barclays this is a priority area for expansion as we continue to build our integrated global wealth-management business,” said Steve Houston, head of wealth management for the Americas, in a press release.
As part of its growing focus on Latin American clients, Barclays Wealth says it hired Daniel Esslinger earlier this year as a managing director and head of Latin American relationship management and distribution in the Americas in Miami. It also added Thomas Roiz as a managing director and market head for Latin America in Europe, the Middle East and Africa; he is based in Geneva.
In addition to Wednesday’s hires, Barclays said it added four advisors from UBS, two advisors from HSBC and two advisors from Morgan Stanley to join its offices in the Americas over the past 18 months.
These operations include 13 offices in Miami, New York, Houston and other cities.
“Over the last year and a half, our strategy for building a robust wealth management offering for Latin American ultra-high-net-worth clients has accelerated,” said Mitch Cox, head of Barclays Wealth in the Americas and head of research and investments globally, in a statement. “We are pleased to welcome these talented and experienced individuals to the firm to help build our Latin American business.”
Baird’s Latest Hires
Baird said Wednesday that Alexander S. Cushner and Russell P. Huebschle joined its San Francisco wealth-management office. Both Cushner and Huebschle worked previously with Credit Suisse Private Banking.