BBH said this hire is a key component of its effort to grow its international business.

Febres-Cordero joins BBH as a managing director with more than 20 years of experience in the financial industry across various markets.

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In his new role, he will be responsible for the strategy and development of the International Wealth Management business catering to clients outside the US.

Febres-Cordero will be reporting directly to Charlie Izard, partner responsible for Wealth Management and will be based in BBH’s flagship office in New York.

Izard said: "We are excited to have a professional of his calibre and believe his experience and leadership will help us continue to provide excellent client service to meet the unique needs of our non-US wealth management clients."

Prior to joining Brown Brothers Harriman, Febres-Cordero held a variety of leadership positions over 14 years at Fidelity Investments, including managing director at Devonshire Investors, a private equity division of Fidelity, as well as managing director, Southern Europe & Latin America within Fidelity Investments International.

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Prior to Fidelity, he held various leadership positions in the areas of corporate finance and international corporate banking in Venezuela.

"I am delighted to join Brown Brothers Harriman’s International Wealth Management team," said Rafael Febres-Cordero. "I believe the client focus and top-tier investment capabilities of the Wealth Management platform poise the business for growth internationally, and I look forward to working with individuals, business owners, family offices, and family foundations."