JP Morgan Private Bank has hired a new recruit for its Miami-based team covering clients in Mexico.
Adolfo Acebras Alva joined earlier this year as an executive director banker, according to a social media post from Marice Brown, JPM Private Bank’s head of Mexico.
‘With Adolfo’s 15 years in the industry, we are excited to bring his depth and knowledge to our region, and are looking forward to growing with him as we continue to assist clients with their financial goals,’ wrote Brown.
Acebras previously worked at Credit Suisse for more than four years before leaving the firm in December 2022, according to his LinkedIn profile.
A JPM spokesperson did not respond to a request for comment in time for publication.
In a February interview, JPM’s Brown told Citywire she was aiming to continue recruiting advisors for her team in 2023 after attracing a number of new faces to her team the previous year.
‘Ideally, we would grow up to 20% in terms of new advisors,’ said Brown, which equates to adding up to 16 new advisors covering Mexico. ‘The challenge is to find the right people.’
Brown oversees a team of 80 advisors that cover Mexican clients from JPM’s offshore centers in New York, Miami and Houston and is aiming to add to her team over the next year.
While Brown said she was keeping an eye out for advisors with established client books, more important to her was recruiting advisors that had the skills to grow their client book.
‘We hire hunters. We hire people that can start a business from scratch and build up a book of business with us. When we see that we don’t have enough presence in a particular region in Mexico, we try to hire advisors that have knowledge and expertise in that specific region,’ she said.