Morgan Stanley Private Wealth Management has hired a team of six to serve ultra high net worth families in Latin America, with a focus on Venezuela, Chile, Colombia, Peru, Bolivia and Mexico.

Based in New York, the team includes three private wealth advisors, executive directors Maria Lipton, Juan Larrain and Pablo Granja. They will be joined by vice presidents Lisa Markowitz and Helena Astor, plus Tatiana Dominguez.

All six join from UBS and will report to Fabian Onetti, managing director of MS PWM.

Ernesto de la Fe, managing director and regional head of Latin America, said: "We are deeply committed to the Latin American ultra high net worth market, and welcome this team to help further expand our presence and initiatives in the region."

Morgan Stanley Private Wealth Management is a division of Morgan Stanley Smith Barney and offers a range of investment and private banking services to ultra high net worth individuals, families and related institutions in the US, Latin America, Europe, the Middle East and Asia.