SOURCE: Glovista Investments

August 24, 2010 08:30 ET

Glovista Investments LLC Appoints Enrique Figueroa, CFA, CFP as Managing Director of Wealth Management and Equity Research

Independent Investment Advisory Firm Opens New San Francisco Bay Area Office

SAN FRANCISCO, CA--(Marketwire - August 24, 2010) - Glovista Investments LLC announced today the appointment of Enrique Figueroa, CFA, CFP as Managing Director, responsible for the independent advisory firm's global wealth management in the United States West Coast and Mexico regions. Managing the new San Francisco Bay Area office, Mr. Figueroa will also support Glovista's Chief Investment Officer Carlos Asilis, Ph.D. with equity research for the firm's rapidly-growing institutional emerging market equities asset management division.

"Enrique has an impressive track record of helping clients with complex wealth management needs and is also one of the most thorough, independent-thinking equity analysts in the industry," commented Dr. Carlos Asilis, Chief Investment Officer and Co-Founder of Glovista. "After working with Enrique in New York, I am fully convinced his contributions to the institutional asset management division will help secure a leading position for Glovista's emerging markets equity strategy for years to come."

With over 20 years of investment experience, encompassing comprehensive wealth management solutions, portfolio management, equity analysis, and financial analysis, Mr. Figueroa joins Glovista from Merrill Lynch-Bank of America, where he was an International Wealth Advisor at the Private Banking and Investment Group (PBIG). Previously, Mr. Figueroa was the Chief Investment Officer, a Senior Wealth Manager, and an Executive Committee Member at Sand Hill Advisors, overseeing over $1 billion in assets and directly managing over $250 million in assets for some of the firm's most complex high net worth, foundation, and non-profit clients.

Before relocating to the San Francisco Bay Area, Mr. Figueroa worked in equity research in New York, where he was ranked the top Latin American food and beverage analyst by Greenwich Associates and runner up by Institutional Investor Magazine. He was a First Vice President at Merrill Lynch, a Vice President at Oppenheimer & Co., and a Vice President at HSBC James Capel. Mr. Figueroa began his career as an Associate for McKinsey & Company management consulting firm and as the Manager of Financial Planning for a PepsiCo subsidiary in Mexico.

Mr. Figueroa has earned the Chartered Financial Analyst (CFA) and Certified Financial Planner (CFP) designations and is a member of the CFA Institute and the CFA Society of San Francisco. He also holds an MBA from Thunderbird School of Global Management and a CPA-equivalency in Mexico from the Instituto Tecnólogico Autónomo de Mexico (ITAM). Dedicated to providing opportunities for underserved communities, Enrique is a Member of the Investment Committee for endowment of The Boys & Girls Clubs of the Peninsula. He grew up in Mexico City and spent a year traveling around the world before calling San Mateo home with his family.

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