Biscayne Capital, one of the fastest growing private banking firms in Latin America and the Caribbean, has opened an office in Nassau and has named financial services veteran Stephen Coakley Wells as Managing Director of its Bahamas operations.
As well as delivering investment management and advisory services for individual investors, the Bahamas office will offer- a variety of services for international businesses, including incorporation, registered office, agent and administration services, in addition to corporate officer and director nominee services.
Based in Montevideo, Uruguay, Biscayne Capital was founded in 2005 and established its Zurich office in 2012. The firm currently has over $1 billion of assets under management and a team of 41 financial advisors worldwide.
Mr. Coakley Wells, a citizen of the Bahamas, has been in the financial services industry since 1995. Before he joined Biscayne Capital, he was an International Financial Advisor at Merrill Lynch, providing financial solutions for high and ultra-high net worth clients in Latin America and the Caribbean region.
“Stephen brings a wealth of experience and great new dimension to our team,” said Roberto Cortes, co-founder and Director of Biscayne Capital. “His commitment to a personalized and strategic approach to help clients make informed decisions about managing, conserving and enhancing their wealth makes him a perfect fit at Biscayne Capital.”
Prior to joining Merrill Lynch, Mr. Coakley Wells was a Senior Wealth Advisor for Latin America and the Caribbean at a global top tier financial institution based in Switzerland. His experience is complemented by a comprehensive knowledge of Latin American tax and legal regulations.
Mr. Coakley Wells has earned advanced degrees in Law and Latin American and Caribbean Studies, concentrating on Economic Law. He speaks English and Portuguese fluently and is conversant in Spanish and French. He is also a proud alumnus of the United World Colleges movement.