Marco Fernández and Diego Castillo have joined Boreal Capital Management in Miami from UBS.
“As part of its ongoing commitment to growth in the wealth management space, Boreal Capital Management LLC, based in Miami, has hired Marco Fernández and Diego Castillo,” reads the statement accessed by Funds Society.
The bankers, with over 20 years of experience, specialize in high-net-worth individuals and families in Mexico.
The team, which joins the firm with offices in Spain and Zurich, has also worked at Citi and J.P. Morgan.
According to the firm’s information, it is expected that this team’s investment advisory relationships “are expected to substantially move the needle of Boreal’s total assets under management and gross revenues during 2024 and beyond.”
Additionally, the statement adds that the arrival of this duo strengthens and deepens the firm’s commercial roots in the Mexican market.
Boreal expects to increase its assets under management by 25% during 2024 and continue with double-digit growth in consolidated net profit, concludes the firm’s statement.
For Gabriela Huerta