Aiva, a Uruguayan company that provides financial planning solutions throughout Latin America, has restructured its business to boost its growth and expansion in the region.

In a statement it said that after an exhaustive search, the company had appointed Ignacio de Castro as the company's new CEO, who will join Elizabeth Rey and Agustín Queirolo in their new roles as chairman and vice chairman of a new committee specifically created to work on the firm's strategic initiatives.

De Castro has a longstanding industry career including working for Citi (President & CEO - Citi Asesores), Itaú (branch manager & wealth manager), Banque Heritage (head of wealth management) and Insigneo (senior vice president - sales), among others.

Throughout his 30 years of industry experience, he has held a series of executive roles spanning diverse areas such as sales, technology, operations, and legal & compliance.

"We are very excited to begin a new stage of growth for Aiva, which will allow us to take our value proposition to the next level," said Elizabeth Rey, while Agustín Queirolo added: "Our goal is to strengthen our commitment to continue the expansion experienced by the company in Latin America and the Caribbean in recent years." 

Ignacio de Castro said "It is an honour and a great responsibility for me to join such a successful team as Aiva. A company with a long track record and filled with opportunities ahead. I am very excited about the challenge, and everything I have learned so far about the company and its people makes me feel very confident."

Aiva is a company that specialises in wealth management solutions with 28 years of experience. It focuses on affluent and high net worth clients in Latin America and the Caribbean, with offices in Montevideo and Miami. With more than 30,000 clients in the region, it has $3.3bn in AUM.