BBVA Launches Miami Office for Latin American Wealth Management

BBVA Launches Miami Office for Latin American Wealth Management

(IN BRIEF) BBVA Global Wealth Advisors (GWA) recently inaugurated its Miami office, marking a strategic move to cater to high-net-worth Latin American clients seeking investment advisory services. With over 30 professionals, the Miami-based unit aims to provide tailored solutions to non-U.S. resident customers, typically with assets exceeding $500,000. Carlos Torres Vila, Chair of BBVA, emphasized the significance of the U.S. wealth management market and its role as a pivotal offshore destination for Latin American wealth. Murat Kalkan, Head of BBVA Global Wealth Advisors, underscored the importance of the venture and the commitment to delivering exceptional service to clients. This expansion aligns with BBVA’s broader Global Wealth Management strategy, complementing existing services in Switzerland and Spain.

(PRESS RELEASE) BILBAO, 15-Apr-2024 — /EuropaWire/ — Last Friday, the Chair of BBVA formally opened the new Miami office of BBVA Global Wealth Advisors (GWA), BBVA’s U.S. registered investment advisory unit. Carlos Torres Vila met with the team at this new office, comprised of over 30 professionals.

BBVA GWA launched its Miami-based business in March to offer investment advisory services to high-net-worth Latin American customers. It provides investment advisory solutions to non-U.S. resident customers generally with a minimum of $500,000 in assets under management.

Carlos Torres Vila noted that: “We see the U.S. as the leading wealth management market in the world, and the most important offshore market for Latin America. As such, our team in Miami will be well-placed to meet the needs of high net worth clients from Latin America, where we have leading franchises. Moreover, this new business is a key component of our Global Wealth Management strategy.”

Murat Kalkan, Head of BBVA Global Wealth Advisors, said: “We are honored to have our Chair formally open the office and share this exciting new project with the team. We are very aware of the strategic importance of the business and the responsibility that comes with it. Therefore, we have put together a strong team to give our customers the best possible service.”

BBVA Global Wealth Advisors joins the series of international wealth management services that BBVA already offers in Switzerland and Spain.

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SOURCE: BBVA