Veteran financial advisor Borja Martín de la Torre has relocated from Chile to join KBL European Private Bankers in Madrid.
Martín de la Torre moved from Santiago to his native Spain and joined KBL in April. He’s now focused on the local market but, having previously managed a primarily Chilean client book, also plans to serve Latin American clients given that many have settled in the Iberian region, he told Citywire Americas.
‘I have some flexibility, if I keep my growth focus, to review and try to attract Latin American clients who want to invest with us, both through our Spanish brokerage as well as through our bank in Luxembourg,’ Martín de la Torre said.
‘From Chile, before I left, many clients were developing their financial and wealth structures in Luxembourg, leaving behind the historical British Virgin Islands [trusts].’
Before joining KBL, Martín de la Torre served clients for the past three years as an independent advisor through his firm, ABCD Asesorías e Inversiones in Santiago. He ran his clients' local and international investments, which included fund due diligence on their behalf.
He moved to Chile in 2013 to join the local Credit Suisse operation as a private banker serving high net worth clients.
Prior to his time in the Southern Cone, Martín de la Torre worked at Santander Private Banking International in Miami catering to Latin Americans. He also worked for Santander and Morgan Stanley in Spain.
His new employer, KBL, operates in 50 cities across Europe and focuses on private banking.
The firm offers open architecture and a wide range of credit services, as well as fund and Sicav structuring, and asset custody. KBL ran a total of €65.2 billion ($77.1 billion) as of December 31, according to its annual results.