Maitland’s Latin American business continues to expand
Maitland, the global advisory and fund administration firm, has opened a new office in Miami. The office will provide Maitland’s LatAm team with a regional base, giving their growing private and institutional client base access to on-the-ground support. The new office is Maitland’s 15th across 12 countries.
Economic and political instability in Brazil and LatAm – alongside regulatory changes such as Brazil’s recently announced tax amnesty program – are driving increased demand for Maitland’s services, especially for clients who have based themselves outside their country of origin. The move ultimately allows Maitland to forge closer relations with its clients, prospects as well as the growing community of service providers in the vicinity.
Benjamin Reid, Senior Business Development and Client Manager, LatAm, said: “Since Maitland entered the LatAm market three years ago, we have been fortunate enough to work with some of the leading family offices in the region. As we continue to grow, it is paramount that we locate ourselves closer to our clients – almost all of whom have a foothold of some sort here in Miami. Being here allows us to provide a more seamless, local offering, and we have the expertise and linguistic skills to service this region to the highest standard.”
The office is located in downtown Miami. Benjamin Reid has relocated to Miami to continue to lead the group’s business development efforts in the region. Benjamin will be joined by Pedro Olmo and Camila Saraiva, as client relationship managers responsible for the day-to-day management of Maitland’s growing book of LatAm clients. Pedro joined Maitland from Turim family office in Brazil where he was the group’s in-house counsel. Camila joins the team from Barbosa legal, a Miami based Brazilian law firm focused on servicing UHNW clients.
David Kubilus, Head of Business Development at Maitland added: “Our LatAm business has been growing quickly, so opening a Miami office fits perfectly with our strategy of expanding where clients are located. It’s a great new chapter in our global growth story, which happens to coincide with our 40th anniversary as a business.”