New York Life has appointed Joao Magallanes Canals as Wealth Management Executive for its Boston Atlantic General Office, with the goal of strengthening its value proposition in wealth management for high-net-worth clients in the United States. Joao Magallanes, an economist with a degree from Universidad del Pacífico (Lima, Peru) and a Level II candidate in the CFA Program, brings nearly a decade of experience in wealth management and capital markets.
“Joao’s appointment enhances our ability to serve families and entrepreneurs with sophisticated wealth management and planning needs. His analytical rigor, market knowledge, and client-centric approach align perfectly with New York Life’s culture,” stated representatives from the Boston Atlantic General Office.
For his part, Joao Magallanes Canals noted: “I am excited to contribute my experience in portfolio structuring across multiple banking institutions, in tailored investment solutions, and in intergenerational planning to help our clients preserve, grow, and transfer their wealth with discipline and purpose.”
Extensive Experience
He began his career in the Market Risk division at Banco de Crédito del Perú (BCP), later joining the Fixed Income and FX Desk at Credicorp Capital Bolsa. He subsequently moved to BCP’s Private Banking division and was later promoted within Credicorp Capital from Senior Analyst to Investment Advisor. Both BCP and Credicorp Capital are part of Credicorp Ltd., the leading financial holding company in Peru. After consolidating his experience within the group, he joined SURA Investments, part of the Colombian conglomerate Grupo SURA, where he served as a Private Banker, advising high-net-worth clients on global investment strategies.
Throughout his career, Joao, who is trilingual (Spanish, English, and Portuguese), has advised HNW/UHNW and institutional investors in portfolio structuring, asset allocation, and bespoke solutions (both discretionary and non-discretionary), in addition to providing independent private advisory services to large estates. His recognitions include the ALMA Award and the Best Investment Advisor – Corporate Clients award at Credicorp Capital.
