BBVA Compass has just created a new department within its international private banking division. The new division, aimed at UHNW clients in Latin America will be dependent on the Wealth Management unit. This new group will be headed by Manuel Sánchez Castillo, who will manage the team from Miami as regional manager for Latin America, as told to Funds Society by sources of the organization.
"The new project is committed to the group's presence in Latin America and is aimed at enhancing the service in this sector," those sources explained.
With over 20 years of industry experience, Sánchez Castillo has spent most of his career at Banco Santander, first in Spain and over the last 12 years in Miami as head of Management and Investment and later as manager of Investment and Advisory services. While in Madrid he worked at Santander Asset Management and Banesto Funds as head of International Equities.
In 2009, the executive became responsible for Santander’s Private Wealth division. In 2011 he moved to BNP Paribas Wealth Management in Miami as director of Latam Key Clients, until joining BBVA Compass in late April. Sánchez Castillo is a graduate in Economics from the UCM (Complutense University in Madrid).