Clarien Bank has appointed Ronaldo Veirano as an independent director to its board of directors, responsible responsible for advising on the bank’s strategic expansion into Latin America.

Clarien Bank has appointed Ronaldo Veirano to its board of directors, charged with advising the bank on its strategic expansion into Latin America.

The move is part of the firm's aim to offer an expanded range of products and solutions in corporate and investment banking, wealth and asset management clients globally. 

Veirano was a founding partner of the Brazilian law firm Veirano Advogados and is currently a member of the executive committee of the Brazil-China Business Council and the US Business Council.

“Over the last two decades there has been a positive change in the LatAm market,” Veirano said. “The rapid rise of entrepreneurs and ultra high net worth individuals has resulted in a greater demand for sophisticated wealth management, corporate banking and investment services.”

He added: “Brazil alone presents a particularly strong opportunity. Not only will it be the world’s fourth largest economy by 2030, but at present there are more than 200 high net worth individual’s worth over $500 million dollars residing there.”

Veirano joins three presiding board members: Buford Alexander, Michael Quinn and Gregory Slayton, who add to the management team of local board directors James Macdonald, James Gibbons, Hal Masters and Andrew Parsons. Keith Stock also remains as chairman of the board representing Clarien Group.

Clarien Bank provides personal and commercial banking, wealth management, asset management, investment banking and corporate and institutional banking to individuals, families and corporations in Bermuda and worldwide.