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Ex-CEO files Finra arb case against int’l wealth firm he used to run

Ex-CEO files Finra arb case against int’l wealth firm he used to run

Former chief executive of Union Capital Group (UCAP) Luis Mariño has entered into a dispute with his former firm following his departure at the end of last year.

The New York-based advisor veteran filed an arbitration case against UCAP this week with the Financial Industry Regulatory Authority (Finra), according to Mariño’s attorney, Robert Van de Veire of law firm Fitapelli & Kurta. 

Mariño left the US broker-dealer and offshore advisory firm in November after spending over four years as its CEO.

‘Luis Mariño is disappointed that it didn’t work out and he wants UCAP to live up to its end of the bargain’, said Van de Veire.

Van de Veire declined to discuss the details of the case and no public documents are yet available. Finra arbitration cases tend to be confidential and its documents made public only if an award is granted at their conclusion.

A UCAP spokesperson declined to comment on the case.


UCAP is an international wealth management and brokerage firm. The group’s US business was formed in New York in 2016 in order to help global clients invest in US markets. The firm also has offices in San Diego and Miami.

Mariño, an international wealth management veteran, was named CEO of UCAP’s US business when he joined the firm in June 2016 from IPG Securities.

Following his exit, UCAP named recent arrival Sixto Campano as his replacement.

Campano joined UCAP from EFG Capital in September last year as an executive director of its Miami branch to lead its strategic growth plans in the Americas.

Campano was at EFG Capital for 18 years and had been chairman of EFG’s Latin America Advisory Board since 2017. Until 2011, EFG’s CEO was Lawrence Howell, who founded Union Capital Group.

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