Sunday, 5th July 2009

 

New wealth manager hires ING head for Latin America

The newly-launched wealth management arm of Pali Holdings, a New York-based financial services firm, will be lead by the former global head of private banking for Latin America at ING private wealth management, Jorge Suarez-Velez.

Suarez-Velez will lead the team, reporting to Luis Marino, senior managing director. The new group plans to offer a specialised, risk management-based service to a select group of high net worth clients.

Pali's new wealth management arm, called Global Plus Investment Management, is backed by the Latin American banking and wealth management conglomerate, Grupo Mundial.

Tags: ING

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

$95 Million Trump House Could Be Sold–Again

Donald Trump set a record when he sold a house for $95 million last year. It was, he proudly pointed out, the largest amount paid in the U.S. for a single-family home.

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