Barclays Wealth has continued its hiring streak of U.S.-based professionals focusing on Latin American ultra-high-net-worth clients.
In Miami, Narciso Muñoz joins as an investment representative in the Americas from HSBC’s International Private Bank, where he focused on the Argentine market. Before that, Muñoz served at BankBoston in Argentina working with individuals and institutions.
Muñoz’s hire comes after Barclays Wealth hired Daniel Esslinger earlier this year as a managing director and head of Latin American relationship management and distribution in the Americas. Esslinger is based in Miami.
Barclays has also expanded its investment representative network in the U.S. that focuses on Latin America in the past 18 months.
Advisors in that network include Louis Tinoco, Rene Joliot, Edgar Ramirez and Romel Rodriguez, who joined from UBS Wealth Management; Ruben Lesmes and Tony Esses, from HSBC Private Bank; and Jorge Carreras and Carlos Molina, from Morgan Stanley Smith Barney’s private wealth management division.
Barclays’ U.S.-based Latin American business includes 13 offices in cities including Houston, Miami and New York.
“Over the last decade, Latin America has seen extensive growth in the wealth market and for Barclays this is a priority area for expansion as we continue to build our integrated global wealth management business,” Barclays Head of Wealth Management Americas Steve Houston said in a prepared statement.