Miami-based Insigneo has continued to boost its ranks with the hire of a Santander advisor with a $700 million institutional client book.
Insigneo Securities, the firm’s independent broker-dealer, has signed on Manuel Diaz Collazo as a senior vice president and director of institutional wealth management, the firm announced in a press release.
Diaz Collazo joins from brokerage Santander Securities in Puerto Rico, where he was an investment advisor for a local institutional and individual client base of nearly $700 million, providing short to long term investment alternatives, tax advantaged strategies and portfolio construction, according to Insigneo.
His client focus is on institutions such as insurance companies, mortgage bankers, credit unions, corporations and high-net-worth individuals based in Puerto Rico.
He has been building his clientele base since 1986, when he joined Drexel Burnham Lambert as an institutional broker and further at Shearson Lehman, a predecessor of Smith Barney. At Insigneo he will continue to advise those clients from its offices in Miami.
This is Insigneo’s third recruitment announcement in three weeks. Last week, Insigneo revealed the hire of Citi Personal Wealth Management advisor Jose Omar Rodriguez with a Latin American client book worth $250 million. Prior to that it hired an anti-money laundering expert and legal industry veteran as its chief risk officer.
Insigneo is the product of the merger of Hencorp Group, which included broker-dealer Global Investor Services, and Northeast Securities. The deal closed in August 2017. It offers wealth and asset management, as well as multi-family office and institutional services, primarily to international clients.