Interbolsa Expands to Miami

Colombian financial conglomerate Interbolsa is opening a brokerage office in Miami. “This office will service clients from LatAm and provide them with access to the US securities market,” president Rodrigo Jaramillo tells LatinFinance. The Miami office will have a staff of 25, he adds. Leonel Narea will be the executive director of the Miami office. Narea has over 20 years of experience in investment banking with banks such as ING Barings, RBS and UBS. In late 2009, Interbolsa expended to Brazil via the acquisition of Finabank Corretora Cambio for BRL36m. The company also has operations in Panama.