Bankers Take Stake in Bulltick

Mexican bankers Jose Madariaga Lomelin, Jose Madariaga Michieli and Humberto Bañuelos Caamaño have acquired a 25% stake in the Mexico office of Miami-based financial services shop Bulltick Capital Markets, Caamaño tells LatinFinance. “Bulltick is a success story. It has only been around for 10 years and already has an important presence in the equities arena in LatAm,” he adds. Caamaño declines to state terms on the deal. Bulltick, which offers corporate finance, capital markets and sales and trading services, has offices in Miami, Sao Paulo, Mexico and Buenos Aires. Caamaño serves as partner and director of Miami-based private banking firm Progress Wealth Management. He was previously president of the brokerage and private banking units of BBVA Bancomer. Madariaga Lomelin is president of Mexico financial firms Procorp and Proequity and Madariaga Michieli is a director at Procorp, Progrupo and Project.