MIAMI--(BUSINESS WIRE)--Actinver Securities, Inc., a U.S.-registered broker dealer, today announced the opening of a new office in Miami. The wealth management firm, a subsidiary of Corporación Actinver in Mexico, has tapped veteran wealth manager Rafael Madan, formerly of Espirito Santo Bank and Wells Fargo Advisors, to manage the new office as executive vice president and branch manager. Madan will lead a respected team as Actinver plans to capitalize on an unprecedented market opportunity in Latin America.
According to Madan and Actinver executives, many wealth managers are either pulling out or dramatically reducing their businesses in Latin America. Actinver, with current U.S. offices in Houston and San Antonio, has a long and successful track record of advising high net worth clients using customer-focused and customer-centric methodologies.
“We are extremely confident that our model will be well received and will thrive in Latin America,” said Madan. “We want to grow with our clients in Latin America and not shy away from the dynamic and evolving marketplace.”
Madan, who has represented clients in Latin America for decades, has operated in all business markets in the region and with an impeccable record. He also has held numerous positions of civic importance in Miami with organizations including the Greater Miami Chamber of Commerce, Florida International University and the Greater Miami Convention and Visitors Bureau. Osmundo O. (Mundi) Martinez, who has more than 20 years of experience working with high net worth clients and managing complex trust arrangements, also joined the Actinver team as senior vice president. Ludwing E. Rivera, formerly with Espirito Santo Bank, joins the firm as assistant vice president.
“When the time came to move into the market, the firm selected Rafael Madan and his team to lead the effort, bringing decades of experience working in every key market in Latin America,” said F. Xavier Maza, president at Actinver Securities. “We are building a team focused on the long-term as we expect to develop into a major player in the market and remain there for a long time.”
Actinver Securities, Inc., Member FINRA/SIPC, is a US registered broker-dealer whose objective is to offer global wealth management solutions to institutional and private investors, with a high degree of professionalism, experience and confidentiality. Actinver Securities is registered with the Securities Exchange Commission, SEC and member of Financial Industry Regulatory Authority, FINRA. The custody of assets is through Pershing LLC, a subsidiary of Bank of New York Mellon.
Image of new Actinver team of Osmundo Martinez, Rafael Madan and Ludwing Rivera https://www.dropbox.com/s/w5iqonwtz9t9420/Actinver%20Team%20Osmundo%20Martinez%20Rafael%20Madan%20Ludwing%20Rivera%20%20.jpg?dl=0