The newly-launched wealth management arm of Pali Holdings, a New York-based financial services firm, will be lead by the former global head of private banking for Latin America at ING private wealth management, Jorge Suarez-Velez.

Suarez-Velez will lead the team, reporting to Luis Marino, senior managing director. The new group plans to offer a specialised, risk management-based service to a select group of high net worth clients.