Morgan Stanley Private Wealth Management Continues Growth in Latin American Market
Hires Additional Teams in New York and Miami
Feb 21 2007 | New York
Morgan Stanley (NYSE:MS) Private Wealth Management announced today that it has hired two additional teams to serve high net worth clients in the Latin American market.
A team of two Investments Representatives, Executive Director Gustavo Klimberg and Executive Director Jaime A. Fals, will focus principally on Central America and the Caribbean, and be based in Miami. They join from Lehman Brothers with combined assets of more than $400 million, and will report dually to Jon Mallon, Executive Director and Regional Sales Manager for Latin America and Ernesto A. de la Fe, Managing Director and Head of Latin America.
To further expand coverage primarily in the Southern Cone and Mexico, Morgan Stanley has also hired a team of six investment professionals who will be based in New York. The team includes three Investments Representatives: Executive Director Jose Canasi, Executive Director Jorge Carreras and Executive Director Carlos Molina. They will be joined by Cintia Perry, Jennifer Ugarte and Kelly Mejia, who will support the group.
The team joins from Merrill Lynch with combined assets of over $350 million, and will report to Mr. de la Fe.
"We are delighted that these two highly recognized and experienced teams have decided to join Morgan Stanley. These appointments reinforce our commitment to the Latin American and Florida markets and our continued expansion in the region," said Donald J. Herrema, Head of Private Wealth Management, Americas.
“Morgan Stanley is committed to expanding in this region and these appointments will be important additions to our efforts” said Fabian Onetti, Executive Director, Private Wealth Management, Americas, who is based in New York.
Mr. Klimberg, 41, has 14 years of experience in the securities industry, working in both New York and Miami. He caters to institutional and ultra-affluent clients throughout Central America. Mr. Klimberg received his M.B.A. from New York University’s Stern School of Business and earned a Certified Public Accounting designation in Argentina.
Mr. Fals, 38, holds an undergraduate degree from New York University and received a Juris Doctorate degree from George Washington University. His client base includes institutional and ultra high net worth clients in Latin America, the Caribbean, Chile and South Florida.
The team based in New York has over 30 years of combined experience in the securities industry.
Mr. Canasi, 34, earned an undergraduate degree from Instituto Tecnologico de Monterrey and an M.B.A. from HEC-Paris. He caters to ultra high net worth clients in Mexico.
Mr. Carreras, 44, holds an undergraduate degree from the University of Massachusetts. He caters to ultra high net worth clients throughout Latin America extending the team’s coverage in Argentina, Brazil, Chile and Paraguay.
Mr. Molina, 33, earned an undergraduate degree from Instituto Tecnologico Autonomo de Mexico and an M.B.A from HEC-Paris. His client base includes ultra high net worth clients in Mexico.
Morgan Stanley Private Wealth Management provides a range of investment and private banking services to ultra-high net worth individuals, families and related institutions in the Americas, Europe, the Middle East and Asia.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Investments and services are offered through Morgan Stanley & Co. Incorporated, member SIPC. ©2007 Morgan Stanley.
Contact: Media Relations, Christine Pollak, 914.225.6827