J.P. Morgan announced that Edinardo Figueiredo will join the firm to head its Brazil Private Bank business.
He will be based in São Paulo and report jointly to José Berenguer, Brazil Senior Country Officer of J.P. Morgan, and Chris Harvey, Head of Latin America Private Banking.
“Edinardo is a first-rate private banker and business leader, and we are thrilled that he is joining J.P. Morgan,” Mr. Berenguer said. “As we build upon our continued momentum in Brazil, we are fortunate to be able to draw on Edinardo’s deep understanding of the market, significant investment experience, and strong management skills.”
Mr. Figueiredo, 45, joins J.P. Morgan from UBS, where he was Chief Executive Officer (CEO) of its Brazil wealth management business. He was previously with Banco Itau, where he was most recently CEO of its private banking business in Luxembourg and Switzerland. He has also held senior positions focusing on investment products at BankBoston and ABN AMRO in Brazil.
“Brazil is a key market for J.P. Morgan, and our clients look to us for local and global capabilities to serve their complex wealth management needs, particularly during volatile markets,” said Harvey. “Throughout his career, Edinardo has shown himself to be a strong and strategic partner, and we look forward to his leadership.”