Bessemer Trust has appointed Alfonso Baigorri as a managing director and regional director to lead the firm's Miami, FL, office, reporting to Michael Marquez, managing director and Florida region head.

Bessemer Trust has appointed Alfonso Baigorri as a managing director and regional director to lead the firm's Miami, FL, office. He will report to Michael Marquez, managing director and Florida region head.

Baigorri has more than 20 years of experience in the banking and legal fields. Bessemer said he has advised US and foreign ultra high net worth families, with a specific focus on tax and implementation of estate plans for families with both US and foreign assets.

Baigorri is formerly of JP Morgan Private Bank, where he was most recently a managing director in the Latin America wealth advisory practice. Prior to JP Morgan, he worked at the international, US-based law firm Buchanan Ingersoll & Rooney, having also spent time at Florida’s Katz Barron Squitero & Faust, and Banco Santander in Puerto Rico and Florida.

Last week, Bessemer named managing director Jeff Glowacki as its new Western region head, based in Los Angeles, CA, and reporting to George Wilcox, president. He replaced Mark Lipson, who retired from the role but remains a senior advisor to the firm.

Founded in 1907, Bessemer Trust is a privately-owned wealth and investment management firm that focuses on UHNW families and their foundations and endowments.