Palacio, who will be based in Miami, has been appointed as the managing director and regional market manager, effective 18 March 2013.
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He will help support the growth of Citi’s ultra-high-net-worth (UHNW) Latin American client base.
Most recently, Palacio had served as a managing director and senior banker with JP Morgan Private Bank, serving as an adviser to ultra-high-net-worth families, prior to which he had worked in corporate finance at ANZ Bank and NatWest, focusing on financial institutions, energy and natural resources.
At Citi Private Bank, Palacio will report to Citi global market managers Paul Hubert and Genaro Poulat, who cover the eastern region of the United States and Latin America respectively.
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