Bolton Global Capital has recruited a $160m Latin American-focused advisor from Crédit Agricole’s former Miami subsidiary Indosuez Wealth Management.
Marcos Solanet, who caters to clients based in Argentina and Uruguay, joined the independent broker-dealer’s platform in early April after spending nearly 12 years at the French group’s business in Miami.
Prior to Indosuez WM, Solanet three years at UBS’s wealth management business in Miami focusing on the southern region of Latin America and also previously worked at HSBC Securities and at JP Morgan Securities in New York, according to BrokerCheck.
‘We are pleased to have such an accomplished professional with our firm,’ said Ray Grenier, CEO of Bolton Global Capital.
Solanet’s move to the independent broker-dealer and RIA comes soon after Santander International Private Bank purchased Indosuez WM’s businesses in Miami and Brazil from Crédit Agricole. The Spanish firm has since reportedly rejigged Indosuez WM’s team of financial advisors leading to exits in recent months, according to sources familiar with the changes.
Frédéric Lamotte, the Miami-based CEO of Indosuez WM, left Crédit Agricole in May after 33 years with the French group, handing deputy CEO Alex Pate the reins of the Miami business to oversee the transition to Santander.
Meanwhile, Indosuez WM advisors Eytan Starkman, Ernesto Del Rio San Sebastian, Jon Diaz Valdenebro and Krish Ribeiro and Lucas Arfelli also left in May to join Miami-based RIA Larch Capital Partners.
The integration of the Indosuez WM unit into Santander’s Miami-based wealth business is also being headed by Alfonso Castillo, the CEO of Banco Santander International (BSI), sources said at the time of the deal.
Earlier this year, Bolton Global added a $1bn Miami-area team Wells Fargo to its offices on Brickell Avenue. At the time, it had about $10bn in regulatory assets under management, of which close to $3bn is held through its RIA Bolton Securities.
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