Lia Yaffar-Pena, president at ES Financial Services, the brokerage unit of Miami, FL-based Espirito Santo Bank, has left the firm to “pursue other interests,” Family Wealth Report can confirm.   

Yaffar-Pena was also senior vice president and head of the bank’s wealth management division.

According to Espirito Santo Bank chairman and chief executive, G Fredrick Reinhardt, Lionel Baugh was brought in as president of the brokerage a month ago when Yaffar-Pena announced her departure.

Baugh joined from Global Strategic Investments, where he worked from 2009 until 2012 as president and chief executive. Prior to that he was director of sales and marketing for the Latin America division at Merrill Lynch. 

Espirito Santo Bank offers private and commercial banking services to domestic and international clients, institutions and corporate clients. It is a wholly-owned subsidiary of Banco Espírito Santo, Portugal, and is part of the Espírito Santo global network.