The firm specialises in areas such as life assurance structures.

Utmost Wealth Solutions, an Isle of Man-headquartered provider of international life assurance-based wealth solutions, has named a new wealth protection head for the Spain and Latin America markets.

Diego de Elejabeitia will lead delivery of tailored life assurance-based solutions to high net worth clients via international brokers, asset managers, family offices, and private banks.

Most recently, de Elejabeitia, who has 25 years’ experience in financial services, was director of business development at A&G Bank. 

He is taking over from José Vicente Martín, who recently announced that he intends to retire after 15 years’ service. 

Utmost Wealth Solutions, which is majority-owned by Oaktree Capital Group LLC, had £52.4 billion ($66.52 billion) in assets under management as of 30 June last year, according to its website.

In April 2021 Utmost agreed to buy Quilter International in a deal involving £483 million ($664.9 million) in cash.