Maitland, a global advisory and fund administration company, has opened a new office in Miami to support its growing business in Latin America.

The new office will provide company’s Latin American team with a regional base, giving private and institutional clients access to on-the-ground support.

The new office is Maitland’s 15th across 12 nations.

Maitland senior business development and client manager for LatAm Benjamin Reid said: "Since Maitland entered the LatAm market three years ago, we have been fortunate enough to work with some of the leading family offices in the region.

"As we continue to grow, it is paramount that we locate ourselves closer to our clients – almost all of whom have a foothold of some sort here in Miami. Being here allows us to provide a more seamless, local offering, and we have the expertise and linguistic skills to service this region to the highest standard."

Maitland head of business development David Kubilus said: "Our LatAm business has been growing quickly, so opening a Miami office fits perfectly with our strategy of expanding where clients are located. It’s a great new chapter in our global growth story, which happens to coincide with our 40th anniversary as a business."

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Additionally, the company announced that Reid will join LatAm unit to lead the firm’s business development efforts in the region. He will be joined by client relationship managers Pedro Olmo and Camila Saraiva.

Prior to joining Maitland, Pedro worked at Turim family office in Brazil where he served as group’s in-house counsel. While, Camila joins the team from Barbosa legal, a Miami based Brazilian law firm focused on servicing UHNW clients.