Industry veteran Rodolfo “Rudy” Rake has joined Sanctuary Wealth’s new international subsidiary as a partner, the company announced in a news release.
Rake was formerly with Morgan Stanley, where he served as a managing director, advising and trading on billions of dollars in client assets for ultra-high-net-worth families, family offices and institutional clients worldwide.
In his new role as managing director, Rake will be based at the Miami headquarters of Sanctuary subsidiary Sanctuary Global, where he’ll be responsible for spearheading the firm’s international business with institutional investors and wealth management clients to offer them trading and advisory solutions across fixed income, equities and commodities.
"Sanctuary Wealth's investment capabilities and open architecture platform allow me to offer my institutional and private clients best-of-breed solutions to ultimately build even deeper relationships with them," Rake said in the news release. "I now have the ability to sit on the same side of the table as my clients as a fiduciary, and that is extremely important to me, as I treat my clients as if they were my family. I want to invest for them in the same way I would invest for myself or my father or my son."
Rake is originally from Lima, Peru. He began his career in 2005 with Smith Barney in New York City, where he worked with institutional and private clients in Latin America. By age 32, Rake had become one of the youngest managing directors in the firm. For the past 12 years, he has worked for Morgan Stanley, moving his practice to Miami in 2013, where he serves families in Latin America and the U.S.
Before joining Morgan Stanley, Rake had a successful athletic career as a top-ranked professional tennis player, defeating world champions Roger Federer and James Blake.
Sanctuary Global is not only attracting industry veterans such as Rake, but newcomers such as Azimut Genesis, a U.S.-based RIA led by Rodrigo Rego and Andre Leao, who also serve an international clientele located in the U.S. and Latin America. Founded in 2000, Azimut Genesis is part of the global independent asset manager Azimut Group and manages approximately $415 million in client assets.
“As a vital part of Sanctuary's management team, Rudy Rake's experience and expertise will be invaluable in further developing our global offering and expanding our institutional solution set in conjunction with our partners at Azimut," Sanctuary CEO and founder Jim Dickson said in the news release. “Our primary focus in building Sanctuary Wealth over the last three years was to create the best platform for advisors looking to break away from banks and wirehouses. We've done that and now, as we continue our evolution, we're delivering that same level of attention and resources to a global audience."
Headquartered in Indianapolis, the Sanctuary Wealth Group includes fully owned subsidiaries Sanctuary Advisors, a registered investment advisor, and broker-dealer Sanctuary Securities, as well as Sanctuary Alternative Solutions, Sanctuary Insurance Solutions, Sanctuary Global and Sanctuary Global Tax and Family Office.
