Insigneo Celebrates Strategic Expansion with Acquisition of Riva Darno S.A. and Welcomes Sebastian Ballester in a New Advisory Role

We are delighted to announce that Insigneo has successfully completed the acquisition of Riva Darno S.A.,  soon to be known as Insigneo Gestor International S.A., marking yet another significant milestone in our firm’s growth trajectory and reaffirming our dedication to continuity in the region.

Sebastian Ballester, former Director of Riva Darno S.A, will continue his association with Insigneo as an Investment Professional. Moreover, Sebastian will remain a shareholder of Insigneo within our advisor cohort with a permanent seat on the Partner Advisory Board in Uruguay. His ongoing focus on Insigneo’s success and strategic contributions will continue to shape the future direction, a testament to his belief in our vision and potential.

Assuming a new advisory responsibility to drive Insigneo’s growth in the Southern Cone, Sebastian will assist the M&A and Market Head teams in identifying growth opportunities within the region in a non-management capacity to ensure clarity and focus within the organization.

We are confident in his success and extend our best wishes to Sebastian in his new endeavors.


More about Insigneo


Over the past year, Insigneo has been taking steps to shore up its leadership team to help its expansion efforts. In May, the group hired Alfredo Maldonado to lead its business in New York and later recruited Carlos Mejia for the newly created role of head of M&A in September and  Michael Averett as chief revenue officer was also part of this initiative.

Insigneo also revealed it had added over 36 advisors to its international network in 2023, including several experienced advisors from Morgan Stanley as well as others from Merrill Lynch and Oppenheimer.

The firm’s growth push also saw it open four new US offices last year in Coral Gables, Fl., San Diego, Calif., San Antonio and Laredo, Texas, and one in Colombia in Cali. Insigneo also opened an office of supervisory jurisdiction (OSJ) in Houston, Texas, the group said.

These new locations are in addition to Insigneo’s existing US offices in Miami Fl., New York, N.Y., San José (Puerto Rico) and in Latin America in Montevideo, Buenos Aires, Santiago.

The Miami-based firm manages more than $24bn in assets and supports more than 440 advisors who cater to international clients, with a particular focus on wealthy investors in Latin America.

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