CORAL GABLES, Fla.--(BUSINESS WIRE)--Gibraltar Private Bank & Trust Company Founder, Chairman and CEO Steven D. Hayworth announced today that Adolfo Henriques has been named Vice Chairman, President and Chief Operating Officer of the Coral Gables based company.
Hayworth, who will remain Chairman and CEO at the bank, said, “Adolfo is an exceptional individual and one of the most talented and respected banking executives in our industry.” Mr. Henriques and Gibraltar Private know each other well, as Henriques served on the Board of Gibraltar Private from 2008 until 2010.
“Adolfo, our exceptional management team, and I have a vision for Gibraltar Private to become the most respected private banking and wealth management company in all of the markets we serve. We will do so by utilizing our collective knowledge and passion and by leveraging our unique and proven fully integrated private banking and wealth management business model,” said Hayworth. Mr. Hayworth added, “Adolfo and I agree that the next 10 years may well be the most exciting and productive time in South Florida’s history and Gibraltar Private is uniquely positioned to have a profound impact upon, and prosper, during this extraordinary period.”
Gibraltar Private is the largest private banking and wealth management company headquartered in Miami-Dade and Broward counties. Less than 18 months ago, Hayworth and a highly select group of investors repurchased the Bank from Boston Private, and Hayworth sees the addition of Henriques as the next logical step in his plans for the growth and development of the company.
“The outstanding reputation of Gibraltar Private, its scalable and disciplined business model and its impressive and proven management team makes this opportunity ideal for me at this stage in my career,” said Henriques. “I share Steve’s enthusiasm for our business strategy and community and look forward to helping the company reach its goals,” Henriques added.
Gibraltar Private shareholder and board member Bob Dickinson, who is also a director of the Carnival Corporation noted, “These two proven executives, together with our Gibraltar Private colleagues, will create a powerhouse in South Florida banking and wealth management that will be hard to match. Anyone that knows Steve and Adolfo will quickly agree that they both have a passion for banking and an intense commitment to exceptional client service grounded in the more than 30 years of banking expertise they each have.”
Prior to joining Gibraltar Private, Henriques was Vice Chairman of the Related Group and Chairman, President and CEO of Florida East Coast Industries. His impressive banking career includes being Chairman of NationsBank for South Florida and CEO of the South Region for Regions Bank. Henriques has also been involved in many local charities and business organizations including having served as Chairman of the Greater Miami Chamber of Commerce and the United Way of Dade County.
About Gibraltar Private Bank & Trust
Established in 1994, Gibraltar Private is an integrated private banking and wealth management company dedicated to enhancing the wealth and well-being of its clients and their families. Gibraltar offers residential and commercial lending, private banking and wealth management services to professionals, corporate executives, entrepreneurs, affluent retirees, and select businesses.
Headquartered in Coral Gables, Gibraltar Private has eight full-service private banking and wealth management relationship offices including Coral Gables, Fort Lauderdale, Downtown Miami, Miami Beach, South Miami, Naples, Ocean Reef and New York.
NOTE: Photo available upon request.