The new firm is a joint venture company withMeeschaert, the French independent private banks with 13 international locations in France, Switzerland, Belgium and the  US.

In partnership with families’ established advisors, Park Sutton says it will provide creative and integrated solutions in comprehensive portfolio management and financial reporting, family governance, estate planning and other financial advice.

Park Sutton’s founding partners are Jaime Carvallo and Steven Levitt. Mr Carvallo will lead the firm’s wealth management initiative. Prior to co-founding Park Sutton, he spent the past 14 years developing and managing Latin American high net worth and corporate relationships at HSBC Private Bank, Citigroup Private Bank, Deutsche Bank, and Banco de Credito del Peru, the country’s largest commercial bank. 

Mr Levitt, the firm’s managing director, has worked with wealth and asset managers, broker-dealers, and fund administrators globally, and has expertise in mergers and acquisitions, valuation, and succession planning. Previously, he led strategic advisory assignments for investment banks Cambridge International Partners, MilleniumAssociates, and Putnam Lovell.