Allfunds Bank expands presence in Brazil

Allfunds Bank is expanding its presence in Brazil confirming plans to open their new Brazil headquarters in Sao Paolo and appointing Jorge Sierra as the new Country Head.

This comes after achieving over €16BN assets under administration (AUA) in the Latin American and US Offshore markets.

Mr. Sierra will be responsible for heading up the Allfunds Sao Paolo office, reporting directly to Laura Gonzalez, Head of Iberia and Latin America.  Ms. Gonzalez was previously the Country Head in Brazil and also responsible for Global Accounts before being promoted to Head of Iberia and Latin America at the end of 2017.

Allfunds has been present in Brazil since 2016 and has extensive plans to continue to accelerate its growth in the Region.

Laura Gonzalez, said: “Brazil is an extremely important market and we are thrilled to be continuing to work with our clients to help streamline the distribution process.  I personally feel very connected to Brazil after my time there launching the Allfunds Brazilian business.  It is a unique and highly dynamic market that really has something special to offer and I am confident that Jorge´s experience will have a great impact.  It gives me great pleasure to welcome Jorge to the team.”

Mr. Sierra has over 20 years of experience in sales and marketing and studied finance and business administration at the Getulio Vargas Foundation and marketing at the Sao Paolo Superior School of Advertising and Marketing.