MIAMI--(BUSINESS WIRE)--Nov 4, 2024--
Insigneo, a prominent name in wealth management, announces the addition of Esteban Diaz as Senior Vice President to its expanding network. Diaz joins Insigneo under the guidance of Chile Market Head Jose Luis Carreño, further strengthening the firm’s commitment to serving high-net-worth clients in Latin America.
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Esteban Diaz is a seasoned International Wealth Advisor with a robust background in asset allocation and customized investment solutions. His career began in Santiago, Chile, where he served at major financial institutions including Banco Penta, and Banco BICE. In 2008, Diaz moved to Miami to join Credit Suisse. Later on, in 2013 he joined Merrill Lynch, where he focused on structured notes, alternative investments, and client-specific portfolios. His expertise will enhance Insigneo’s offerings to a primarily Chilean clientele, bringing tailored investment strategies to clients seeking comprehensive wealth management.
“We are delighted to welcome someone of Esteban’s expertise to the Insigneo team,” said Jose Luis Carreño, Chile Market Head. “I am confident that Insigneo will serve as a strong strategic partner to his clients, helping him to deepen and expand these relationships for sustained long-term success. We look forward to a mutually beneficial collaboration with Esteban in the years ahead.”
Esteban Diaz brings a strong academic foundation to his new role, holding a Bachelor’s degree in Accounting and Auditing from Universidad de Santiago de Chile and an M.B.A. from Loyola College. Fluent in both Spanish and English, Diaz is well-prepared to extend Insigneo’s personalized wealth management approach to the Latin American market.
“It is with great pleasure that I announce I’m joining Insigneo, a distinguished organization dedicated to setting the standard for client satisfaction,” said Diaz. “I look forward to integrating my skills and expertise with a talented team to deliver tailored solutions and exceptional service that surpasses expectations.”
About Insigneo
Insigneo is a leading international wealth management firm providing services and technologies that empower investment professionals to successfully serve their clients globally. Insigneo leverages its customized solutions, client-first service, and custodial relationship with BNY Pershing to provide a fully integrated, best-in-class independent wealth management platform. With over $26.5 billion in supported customer assets, Insigneo empowers more than 250 investment professionals serving over 31,000 clients. For more information, visit www.insigneo.com.
Esteban Diaz, Senior Vise President (Photo: Business Wire)
SEATTLE (AP) — Unionized factory workers at Boeing were voting Monday whether to accept a contract offer or to extend their strike, which has lasted more than seven weeks and shut down production of most Boeing passenger planes.
A vote to ratify the contract on the eve of Election Day would clear the way for a major U.S. manufacturer and government contractor to resume airplane production. If members of the International Association of Machinists and Aerospace Workers vote for a third time to reject Boeing's offer, it would plunge the aerospace giant into further financial peril and uncertainty.
In its latest proposed contract, Boeing is offering pay raises of 38% over four years plus ratification and productivity bonuses. IAM District 751, which represents Boeing workers in the Pacific Northwest, endorsed the proposal, which is slightly more generous than one the machinists voted down nearly two weeks ago.
Union officials said they achieved all they could though bargaining and the strike, and that if the current proposal is rejected, future offers from Boeing might be worse. They expect to announce the result of the vote late Monday.
Boeing says average annual pay for machinists is $75,608 and would rise to $119,309 in four years under the current offer.
Pensions were a key issue for workers who rejected the company's previous offers in September and October. In its new offer, Boeing did not meet their demand to restore a pension plan that was frozen nearly a decade ago.
If machinists ratify the contract now on the table, they would return to work by Nov. 12, according to the union.
The workers got their last paychecks in mid-September, a few days after the strike started, and are likely facing more pressure on their personal financial well-being.
Bernadeth Jimenez, who has worked in quality assurance at the Boeing plant in Everett, Washington, since 2022, said she voted “yes” on Monday after voting against previous company offers. She was satisfied with the proposed wage increases, and said she never expected a pension anyway — she's putting money in a 401(k) plan.
“This (offer) is good, and I really want to go back to work,” she said. “This time we're ready.”
Theresa Pound isn't ready. The 16-year company veteran said she voted “no” just as she did on the two earlier offers that went to a vote.
“Adding 3% (to the previous offer) doesn’t change anything for my future. It still doesn’t solidify that when I retire I’m going to have a comfortable living, and that’s the bottom line," she said. “Instant gratification is not going to save me.”
Both Jimenez and Pound have husbands who also work at Boeing, and both couples anticipated the strike and worked overtime before it started. Still, money is getting tight.
“We're making it by the best we can," Pound said. "We're going to run out soon, but it’s not going to be a stopping point for me to say, ‘Well, I’m out of money. I need to go back.’ I’m going to find other ways to make it work.”
There were fewer pro-strike protesters in Everett than during the Oct. 23 vote.
At a union hall in Renton, also near Seattle, signs warning against campaigning had been moved from inside to outside, and there was no table with workers handing out “Vote No” material, like the last time. A small knot of workers gathered around a burn barrel to talk and keep warm. The mood was subdued.
The strike began Sept. 13 with an overwhelming 94.6% rejection of Boeing's offer to raise pay by 25% over four years — far less than the union’s original demand for 40% wage increases over three years.
Machinists voted down another offer — 35% raises over four years, and still no revival of pensions — on Oct. 23, the same day that Boeing reported a third-quarter loss of more than $6 billion. However, the offer received 36% support, up from 5% for the mid-September proposal, making Boeing leaders believe they were close to a deal.
The contract rejections reflected bitterness that built up after union concessions and small pay increases over the past decade.
The new proposal that Boeing made last week offered slightly larger pay increases plus a $12,000 contract-ratification bonus, up from $7,000 in the previous offer, and larger company contributions to employees’ 401(k) retirement accounts.
Boeing also promises to build its next airline plane in the Seattle area. Union officials fear the company might withdraw the pledge if workers reject the new offer.
The strike drew the attention of the Biden administration. Acting Labor Secretary Julie Su intervened in the talks several times, including last week.
The labor standoff — the first strike by Boeing machinists since an eight-week walkout in 2008 — is the latest setback in a volatile year for the company.
Boeing came under several federal investigations after a door plug blew off a 737 Max plane during an Alaska Airlines flight in January. Federal regulators put limits on Boeing airplane production that they said would last until they felt confident about manufacturing safety at the company.
The door-plug incident renewed concerns about the safety of the 737 Max. Two of the plane's crashed less than five months apart in 2018 and 2019, killing 346 people. The CEO whose effort to fix the company failed announced in March that he would step down. In July, Boeing agreed to plead guilty to conspiracy to commit fraud for deceiving regulators who approved the 737 Max.
As the strike dragged on, new CEO Kelly Ortberg announced about 17,000 layoffs and a stock sale to prevent the company’s credit rating from being cut to junk status. S&P and Fitch Ratings said last week that the $24.3 billion in stock and other securities will cover upcoming debt payments and reduce the risk of a credit downgrade.
The strike has created a cash crunch by depriving Boeing of money it gets when delivering new planes to airlines. The walkout at Seattle-area factories stopped production of the 737 Max, Boeing’s best-selling plane, and the 777, or “triple-seven,” jet and the cargo-carrying version of its 767 plane.
Ortberg has conceded that trust in Boeing has declined, the company has too much debt, and “serious lapses in our performance” have disappointed many airline customers. But, he says, the company’s strengths include a backlog of airplane orders valued at a half-trillion dollars.
Koenig reported from Dallas.
Boeing employees arrive to vote on a new contract offer from the company, Monday, Nov. 4, 2024, in Everett, Wash. (AP Photo/Lindsey Wasson)
A Boeing employee walks by a picket sign urging people to vote no on a new contract offer from the company, Monday, Nov. 4, 2024, in Everett, Wash. (AP Photo/Lindsey Wasson)
An Everett police officer stands inside the Angel of the Winds Arena as Boeing employees arrive to vote on a new contract offer from the company, Monday, Nov. 4, 2024, in Everett, Wash. (AP Photo/Lindsey Wasson)
Boeing employees leave after voting on a new contract offer from the company, Monday, Nov. 4, 2024, outside the Angel of the Winds Arena in Everett, Wash. (AP Photo/Lindsey Wasson)
EDS NOTE: OBSCENITY - A Boeing employee holds up flyers encouraging others to vote no on a new contract offer from the company, Monday, Nov. 4, 2024, in Everett, Wash. (AP Photo/Lindsey Wasson)
From left, Boeing employees Vance Meyring, Josue Ramirez and Joseph Mellon work the picket line after union members voted to reject a new contract offer from the company, Wednesday, Oct. 23, 2024, outside Boeing facilities in Renton, Wash. (AP Photo/Lindsey Wasson)
A picket sign sits outside the Angel of the Winds Arena as striking Boeing employees gather to cast their votes, Wednesday, Oct. 23, 2024, in Everett, Wash. (AP Photo/Lindsey Wasson)
A worker holds a sign as Boeing employees vote on a new contract offer from the company, Wednesday, Oct. 23, 2024, at a voting location in the Angel of the Winds Arena in Everett, Wash. (AP Photo/Lindsey Wasson)
Boeing employees on strike arrive to vote on a new contract offer from the company Wednesday, Oct. 23, 2024, at the Aerospace Machinists Union hall in Renton, Wash. (AP Photo/Lindsey Wasson)
A Boeing employee walks by a sign carved out of wood while arriving to vote on a new contract offer from the company, Wednesday, Oct. 23, 2024, at Seattle Union Hall in Seattle. (AP Photo/Lindsey Wasson)
Boeing employees on strike arrive to vote on a new contract offer from the company, Wednesday, Oct. 23, 2024, at the Aerospace Machinists Union hall in Renton, Wash. (AP Photo/Lindsey Wasson)
A volunteer holds a vote to accept a new contract offer from Boeing, Wednesday, Oct. 23, 2024, at Seattle Union Hall in Seattle. (AP Photo/Lindsey Wasson)
A Boeing employee looks at informational pamphlets before heading in to vote on a new contract offer from the company, Wednesday, Oct. 23, 2024, at the Aerospace Machinists Union hall in Renton, Wash. (AP Photo/Lindsey Wasson)
