MIAMI, Jan. 17, 2019 /PRNewswire/ -- Insigneo, a leading internationally-focused financial services firm, today announced that it has expanded its Board of Directors to seven members and appointed Darcie J. Burk as an Independent Director. Most recently, Burk was the Global Investments COO at Citi Private Bank from 2013 to 2017.
"Darcie is an accomplished business leader and one of the pioneers of International Wealth Management," said Raul Henriquez, Chairman of Insigneo. "We are confident that she will add great value to our Board of Directors and that we will benefit from her insight and experience. She has managed some of the world's top International Financial Advisors and complex product offerings. We are excited to count on her judgement and counsel."
Burk enjoyed a distinguished and successful career in the financial services industry at both Merrill Lynch and Citibank from 1981 to 2017. She spent 28 years with Merrill Lynch, starting her career at the Office of the Treasurer and later working at various Capital Markets trading desks, where she ran the Global Fixed Income and Equity Agency teams for the International Private Client Group. Subsequently, she held several senior management roles in the International Private Client Group, including Head of North Latin America sales, Manager of the Beverly Hills International Office, Head of Regional Sales for Asia, Global Head of International Private Client Marketing and the Head of Merrill Lynch's US Asian Complexes. During her last seven years at Merrill, Burk ran the Latin America Wealth Management Business and served as a member of Merrill Lynch's Executive Management Team for the Americas.
In 2010, Burk joined Citi Private Bank as the COO for Global Managed Investments, and then became the Global Investments COO. She worked in the formulation and execution of the Private Bank's Investment strategy. Burk was instrumental in helping to define the client coverage model, the globalization of the regional businesses, and in simplifying Citi Private Bank's discretionary and advisory services. She also led several critical initiatives in client performance reporting, technology and some of the firm's most essential risk and regulatory projects.
Her leadership helped Citi and Merrill Lynch build world-class private banking businesses catering to the sophisticated needs of the international client base and extended well beyond the boardroom. Throughout her tenure at both institutions, her dedication, integrity and intelligence earned the respect and admiration of all those who worked with her.
"I am excited to join Insigneo's Board of Directors," said Burk. "And I am certain that this opportunity will allow me to contribute my expertise and passion for wealth management. Insigneo is an exciting and fast-growing firm with a great management team and a unique strategy. I am thrilled to join such a talented group."
With Burk's appointment, Insigneo's board now includes 10 members. Six non-executive members, including: Raul Henriquez, former CEO and current Chairman of Insigneo; Paul Duffy, President of Insigneo and former President of Northeast Securities; John Diamantis, former Director of International Business for Pershing LLC; Marlon Young, former CEO and Regional Head of HSBC Private Bank Americas and Jacobo Gadala-Maria, President and Chief Investment Officer of Unimar Financial Services. And four executive members including: Francisco Nunez, Chief Financial Officer; Daniel Schwartz, Head of Business Development, George "Tres" Arnett, General Counsel and Daniel de Ontanon, CEO.
Insigneo is a Financial Services Company, we work with independent Financial Advisors and Wealth Management firms serving the needs of international clients. More than 10,000 end-clients trust us with over $7 Billion in assets. Insigneo aspires to be a simpler and friendlier firm for our partners and their clients and to constantly improve. Insigneo is headquartered in Miami and has been in business since 1985.
Media contact: Fernando Arreaza, 305-343-8279, firstname.lastname@example.org
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