Santander Private Banking International has hired an investment advisor for its Miami office.
Felipe Torres joined the Spanish giant from Colombian brokerage Corredores Davivienda in September. At Santander, he provides investment guidance to bankers working with clients from Venezuela, Chile and Argentina, a source close to the situation told Citywire Americas.
His job involves monitoring the asset allocation in client portfolios and making rebalancing recommendations based on the bank’s view.
Citywire Americas understands Santander Private Banking International's Miami office has about 25 investment advisors. Santander Private Banking International is made up of the firm's Miami and Switzerland-based businesses.
Santander did not respond to request to comment from Citywire Americas.
Torres left Corredores Davivienda, where he worked for about a year and a half, in the first quarter for personal reasons, Citywire Americas understands.
At the Colombian brokerage, he was a member of the team responsible for developing investment strategies for clients’ international investments.
Previous jobs include an investment analyst role at HB Asset Management, formerly a firm within the Hencorp Group, which officially became part of Miami based broker-dealer Insigneo in August.
He was also a management associate at Citi in Colombia and a sales and trading analyst in local broker-dealer Ultrabursatiles.