Glovista Secures Figueroa For Equity Risk and Wealth Management
Glovista Investments, an emerging markets investment management firm, has added Bank of America Merrill Lynch veteran Enrique Figueroa as a managing director of wealth management and equity research for the U.S. West Coast and Mexico regions.
Figueroa, who in previous roles served as an international wealth advisor at the financial services conglomerate, joins Glovista as the firm expands its presence in California. Glovista said in the Aug. 24 press release that Figueroa would manage its new San Francisco location.
Also, in this capacity, the former CIO and senior wealth manager at Sand Hill Advisors will also support Glovista’s CIO and co-founder Dr. Carlo Asilis with equity research as the Jersey City-based firm continues to grow in the “institutional emerging market equities asset management division,” the statement said.
Asilis added in his comments that Figueroa’s future contributions to the division will help “secure a leading position for Glovista's emerging markets equity strategy for years to come.”
Evidence of this expansion can be seen back in June when the nearly $164 million City of New Haven Employees’ Retirement Fund Board selected Glovista for a new $5 million emerging markets small-cap mandate with the Connecticut-based plan.
Prior to his Sand Hill role, Figueroa was also a first VP at Merrill Lynch and held similar positions at Oppenheimer & Co., and HSBC James Capel, the statement said.
Currently, Glovista also has a presence in Miami and San Mateo, Calif. Collectively, its management team, which includes Asilis and co-founder Darshan Bhatt, “possesses over 50 years of academic public sector and investment experience in global markets.”
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