The new head of the organization boasts more than three decades' experience in the region's wealth management sector. Most recently, he founded and ran his own family office.

Geneva-headquartered Bordier & Cie has appointed a new head of its Uruguay business, Gerardo Palacios.

Palacios has more than 30 years’ experience in the Latin American wealth management industry. He spent almost 20 years working for ABN AMRO in Uruguay, Brazil and Switzerland, where he became head of Latin America in Switzerland. He then moved on to UBS, where he held a series of senior management positions leading wealth management teams covering Brazil and other Latin American markets in several locations. He was also CEO of UBS Uruguay.

His last position at UBS was as regional local head for Central Andean and South Latam, based in Switzerland. 

Most recently Palacios founded and managed his own family office in Montevideo.

“With this latest appointment, we are reinforcing our commitment to the region and especially to Uruguay, where we have been present since 2009,” Daia Feigenwinter, head of Latin America and Iberia at Bordier & Cie, said. 

Family Wealth Report has asked Bordier & Cie whether Palacios is directly replacing a predecessor or taking up an expanded/adjusted role, and may update this article in due course.