Biscayne Capital, the Latin America- and the Caribbean-focused private bank, has opened an office in Nassau, Bahamas, while naming Stephen Wells as managing director of its Bahamas operations.

Biscayne Capital, the Latin America- and Caribbean-focused private bank, has opened an office in Nassau, Bahamas, while naming Stephen Wells as managing director of its Bahamas operations.

As well as providing investment management and advisory services for individual investors, the Bahamas office will offer services to international businesses including incorporation, registered office, agent and administration services, and corporate officer and director nominee services.

Wells has been in the financial services industry since 1995 and was latterly an international financial advisor at Merrill Lynch, serving high and ultra high net worth clients in Latin America and the Caribbean. Prior to joining Merrill, he was a senior wealth advisor for Latin America and the Caribbean at a global financial institution in Switzerland.

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 41 financial advisors globally.

In March this year, Christoph Schaer - formerly managing director for ultra high net worth clients at UBS in Brazil - Biscayne Zurich - see here.