Last updated: 10:13 / Friday, 11 September 2015
Joining from UBS and BigSur

Stelac Advisory Services Hires Gabriel Garcia, Carlos Machado and Nacho Contreras, and Opens an Office in Miami

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Stelac Advisory Services Hires Gabriel Garcia, Carlos Machado and Nacho Contreras, and Opens an Office in Miami

Stelac Advisory Services, a multi family office based in New York co-founded and headed by Carlos Padula, has closed three high level contracts over the past two months.

Gabriel Garcia Daumen joinsfrom UBS WM Americas International, where he was responsible for the selection of offshore mutual funds and hedge funds for the UBS platform. He joined the team as Head of Research and Direct Investments last July. Before joining UBS WM in 2007, Gabriel Garcia worked at PWC and prior to that, from 1999 to 2003, at Deutsche Bank, where the founders of Stelac Advisory Services worked before founding the company. Gabriel Garcia shall carry out his duties from New York headquarters.

Carlos Machado joined the Stelac team this month as Director, Relationship Manager, and Head of the Stelac office in Miami, which opened this August. Machado has worked for just under four years in BigSur Partners, a multi family office based in Miami, where he carried out advisory work. He previously worked at Standard Chartered during the years 2010 and 2011, although the bulk of his career, from 2003-2010, was carried out in various areas of Deutsche Bank in the Americas region and in Switzerland.

Nacho Contreras, holder of an MBA from IESE and a PHD in Economics and Human Resources, and an expert in corporate finance and consulting, has joined the Stelac team as Head of the Human Resources division and to lead relationships with endowments and foundations.

Carlos Padula, Managing Partner of Stelac, was Managing Director and CEO of PWM Latin America at Deutsche Bank until 2007, the year in which he founded Stelac Advisory Services together with Maria Zita La Rosa and Karla Cervoni, who also worked at Deutsche Bank with UHNW Latin American clients.

According to information filed with the SEC, Stelac Advisory Services has US$1.5 billion in assets under management and advisory, belonging primarily to UHNW clients from international families.

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