NEW YORK, NY -- (June 23, 2008) – Park Sutton Advisors, LLC announced today the launch of a new wealth management boutique offering multi-family office services to high-net-worth individuals and families from Latin America.
Under the leadership of the firm’s founding partners, Jaime Carvallo and Steven Levitt, Park Sutton’s team collectively counts over 50 years of expertise in areas such as private banking, investment banking, institutional brokerage, and corporate banking for a variety of U.S. and international firms.
The new firm is a joint venture company with 70+ year-old Meeschaert, one of France’s largest and most respected privately owned independent private banks with 13 international locations in France, Switzerland, Belgium and the United States.
Park Sutton will focus on managing the complexities of clients’ wealth through a platform of solutions tailored to meet their specific needs. In partnership with families’ established advisors, Park Sutton will provide creative and integrated solutions in comprehensive portfolio management and financial reporting, family governance, education, estate planning, and other financial advice and services.
Carvallo will lead the firm’s wealth management initiative. Prior to co-founding Park Sutton, he spent the past 14 years developing and managing Latin American high-net-worth and corporate relationships at HSBC Private Bank, Citigroup Private Bank, Deutsche Bank, and Banco de Credito del Peru, the country’s largest commercial bank. He has particular expertise in the Andean Region.
Levitt, the firm’s managing director, has extensive experience in working with wealth and asset managers, broker-dealers, and fund administrators globally, and his expertise in mergers and acquisitions, valuation, and succession planning brings a unique perspective to Park Sutton’s families. Prior, he led strategic advisory assignments for investment banks Cambridge International Partners, MilleniumAssociates, and Putnam Lovell.
Carvallo and Levitt are joined in founding the new firm by Chief Operating Officer Loic Lamoureux, two additional bankers and an operations manager, each of whom has worked with leading financial services firms.
“Our practice is about providing unbiased advice, tailor-made with our clients’ best interest and wealth management goals in mind. Most Latin American clients today work with global private banks where they lack an advisor providing objective advice and transparency of information – especially fees. The key differentiator for Park Sutton is bringing a unified and global approach to our families’ wealth management needs, providing a sound framework to make strategic, long-term investment decisions,” Carvallo said.
For further information, email [email protected] or call 212.823.0814. Park Sutton Advisors is located at 600 Madison Avenue, 23rd Floor, New York, New York, 10022 (www.ParkSuttonAdvisors.com).
###
IMPORTANT:
Buy or sell orders, funds-transfer requests, address changes, or any other instructions cannot be accepted by e-mail and will not be acted upon. The confidentiality of Internet e-mail cannot be guaranteed. Your messages may be read by persons other than the intended recipient. Please do not include your Personal Identification Number, password, or other private information in your message. This communication may contain information which is confidential and may also be privileged. It is for the exclusive use of the intended recipient(s). If you are not the intended recipient(s), please note that any distribution, copying or use of this communication, or the information in it is strictly prohibited. If you have received this communication in error, please notify the sender immediately and then delete this message from your computer. This is neither an offer nor a solicitation of an offer to buy or sell securities. Incoming and outgoing e-mail is monitored for compliance with industry regulations. Park Sutton Advisors, LLC is an affiliated investment banking consultant to the Meeschaert Corporation and its affiliated entities. Park Sutton consultants are registered representatives of, and securities are offered through Meeschaert Capital Markets, Inc., Member FINRA & SIPC.
