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Clarien appoints director for LatAm expansion

15 Sep 14

Clarien Bank has appointed an independent director to oversee its growth and strategic expansion into Latin America.

Clarien Bank has appointed an independent director to oversee its growth and strategic expansion into Latin America.

As a member of the company’s board of directors, Ronaldo Veirano will assist in achieving the company’s objective of becoming a “preeminent, international financial institution”offering products and solutions globally.

He will join Burford Alexander, Michael Quinn, and Gerogory Slayton on Clarien’s board.

Clarien said Veirano, one of the founding partners of Brazilian law firm Veirano Advogados, is a “key leader” in the promotion of Brazil’s global business development as a member of both the executive committee of the Brazil-China Business Council and the United States Business Council.

On the appointment, Clarien chairman Keith Stock said: “[Veirano’s] specialist knowledge of the Latin American market and his long-standing relationships with organisations present in the region will both be essential in driving forward strategic growth in the Bank’s private wealth and institutional banking divisions.”

Veirano added: “Over the last two decades there has been a positive change in the Latin American market.

“The rapid rise of entrepreneurs and ultra-high net worth individuals has resulted in a greater demand for sophisticated services.”

Clarien Bank provides personal and commercial banking, wealth management, asset management, investment banking and corporate and institutional banking to individuals, families and corporations in Bermuda and worldwide.

In April, the company rebranded its privately held bank in Bermuda and announced plans to launch a range of new products and services.

The bank, which was formerly known as Capital G Bank, said the rebrand followed the amalgamation of Clarien Group and Capital G in January.

It added that it hoped to expand Capital G’s business beyond Bermuda by allowing it the use of Clarien’s client base.

 

Tags: Bermuda

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.