Family Office
Morgan Stanley names new Latin America wealth head
Ex-Lehman exec Ernesto De La Fe to open new high-net-worth office
in Miami. Ernesto de la Fe has left Lehman Brothers for Morgan
Stanley's private wealth group, where he'll head up the Wall
Street giant's Latin American business.
New shingle
"Ernesto is the ideal person to lead our expansion in this market
and to open a new office in Miami to serve the many Latin
American clients who can benefit from Morgan Stanley's
considerable array of products and services for high net worth
individuals, families and institutions," says Donald Herrema,
head of Morgan Stanley's high-end wealth-management business in
the Americas.
Before making the move to Morgan Stanley, De la Fe was head of
Latin American business development for Lehman Brothers
asset-management group.
The first order of business for De la Fe will be opening an
office in Miami as a base for Morgan Stanley's wealth-management
efforts in Spanish-speaking Caribbean countries, Mexico and
Central and South America. -FWR
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