Luke Palacio

Luke Palacio is a seasoned banking executive with extensive experience in private banking and wealth management, particularly in the South Florida market. Here's an overview of his professional background:

Current Position

Luke Palacio currently serves as the Florida Market Leader at Citi, where he holds the position of GMM - Head of NAM South Region for Citi Private Bank.2 In this role, he is responsible for leading Citi's operations across Florida and chairs the Florida Leadership Council.2

Career History

Citi: Palacio has been with Citi for over a decade, having joined the company in March 2013.2 His roles at Citi include:

• GMM - Head of NAM South Region, Citi Private Bank (March 2023 - Present)
• GMM, Head of Southeast US, Citi Private Bank (March 2013 - Present)

JPMorgan Chase & Co.: Prior to joining Citi, Palacio had a significant tenure at JPMorgan Chase & Co., where he held several positions:

• Global Market Manager, Andean, Central America and the Caribbean (2009-2013)
• Global Market Manager Southern Cone (2005-2009)
• Managing Director and Senior Private Banker (1999-2005)

Earlier Career: Palacio's banking career also includes roles at:

• ANZ: Group Representative and Country Head Chile Peru (1992-1999)
• NatWest: Relationship Manager (1988-1992)

Education

Palacio holds an MBA in Finance and International Business from NYU Stern School of Business and a Bachelor of Arts in Economics from Fairfield University.2

Expertise

With 25 years of experience, Palacio has developed expertise in working with family offices, private equity, and hedge fund firms within Miami.1 He also has a strong background in serving Hispanic markets from the Caribbean and Central and South America, which is a crucial client base for financial institutions in South Florida.1

Recent Development

It's worth noting that as of August 2024, Luke Palacio is set to join Bank of America Private Bank as the Miami senior market executive in October.3 This move represents a significant shift in his career, as he transitions from Citi to one of its major competitors in the private banking sector.13