Spanish lender Banco Bilbao Vizcaya Argentaria SA has opened a new office in Miami to serve wealthy Latin American clients.
Spain's second-largest bank has established BBVA Global Wealth Advisors Inc., it said in a statement Thursday. BBVA already offers international wealth management services in Switzerland and Spain.
The new branch is open to non-U.S. resident clients looking to park at least $500,000 with the lender. The offering will include non-discretionary portfolio management services as well as advisory and wrap fee accounts.
