The firm attributed rising client demand for its services in LatAm to economic and political instability in the region, as well as regulatory changes such as Brazil’s recently-announced tax amnesty program. This is particularly the case among clients who have based themselves outside their country of origin, it said.

“Since Maitland entered the LatAm market three years ago, we have been fortunate enough to work with some of the leading family offices in the region,” said Benjamin Reid, senior business development and client manager for LatAm. “As we continue to grow, it is paramount that we locate ourselves closer to our clients – almost all of whom have a foothold of some sort here in Miami. Being here allows us to provide a more seamless, local offering, and we have the expertise and linguistic skills to service this region to the highest standard.”

Reid has relocated to Miami to continue to lead the group’s business development efforts in the region. He will be joined by client relationship managers Pedro Olmo and Camila Saraiva, who will be responsible for the day-to-day management of Maitland’s book of LatAm clients. Olmo joins Maitland from Turim family office in Brazil, while Saraiva joins the team from Barbosa Legal, a Miami-based Brazilian law firm focused on UHNW clients.

Founded in Luxembourg in 1976, Maitland provides legal, tax, fiduciary, investment and fund administration services to private, corporate and institutional clients. The firm has 15 offices across 12 countries. Last April, it hired Scott Price as head of business development and client management to spearhead growth in the US.