State Avenue Company (NYSE:STT) introduced right this moment its enlargement into Colombia, scaling its servicing capabilities for institutional purchasers in Latin America.
Andres Zambrano Burgl will handle the Colombia workplace and lead gross sales within the nation. Zambrano is predicated in Bogota and can report back to Maria Ximena Vasquez, State Avenue’s head of Gross sales for Latin America and The Caribbean (ex Brazil).
State Avenue’s new workplace in Colombia continues the agency’s enlargement of its Latin America protection, constructing upon its first-in-class shopper capabilities within the area. In 2021, State Avenue introduced that its Brazilian financial institution started providing Foreign exchange capabilities and gross sales operations. State Avenue additionally opened a brand new workplace in Chile in October 2022.
“State Avenue’s progress within the LatAm area is additional solidified by this strategic enlargement in Colombia,” mentioned Marcia Rothschild, State Avenue head of Latin America and The Caribbean. “We stay up for strengthening relationships with our present purchasers and increasing our outreach to new purchasers within the nation. Andres is a robust chief who will take this new workplace in an thrilling course.”
“I’m keen to steer this new workplace and develop State Avenue’s footprint in Colombia,” mentioned Zambrano. “This regional progress is just poised to proceed throughout Latin America and I stay up for working with the staff to offer the top-tier services purchasers have come to anticipate from State Avenue.”
Zambrano brings greater than 17 years of expertise within the Colombian and Latin America monetary providers sector. He joins State Avenue from Citibank, the place he spent 9 years holding a number of native and regional roles as product and nation supervisor throughout the Latin America direct custody and clearing, and product growth groups. He additionally labored at BNP Paribas as custody product supervisor.