Insigneo, a leading international wealth management firm, has announced the successful completion of the acquisition of the Latin American consumer brokerage and advisory accounts of PNC Investments, PNC Managed Account Solutions, and PNC Bank.

The deal, which was first revealed on August 22, 2023, will allow Insigneo to grow its Mexican client base and establish new offices in Texas.

The acquisition is part of Insigneo’s strategy to strengthen its position in the global wealth management industry, by providing customized solutions, state-of-the-art technology, and continuous innovation to its clients. The clients who were part of PNC’s Latin America business will now benefit from Insigneo’s focused global wealth management approach and international capabilities.

Raul Henriquez, Chairman, and CEO of Insigneo Financial Group, said that the acquisition reflects Insigneo’s commitment to global wealth management and the Mexican market, and that it will create new opportunities in the region.

Javier Rivero, President, and COO of Insigneo Securities and Insigneo International Financial Services, welcomed the incoming employees, investment professionals, and clients, and praised the smooth transition.

Insigneo is a prominent global wealth management firm that empowers more than 440 investment professionals serving over 30,000 clients globally.

The company has a custodial relationship with BNY Mellon’s Pershing and offers a fully integrated, best-in-class wealth management platform. The company has also appointed Carlos Mejia as Head of Mergers and Acquisitions to drive its growth through strategic M&A activities.

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