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Looking Back to Move Forward.

Litvak & Co. recaptures the traditional private banking values of high-touch service, global perspective, and client-driven innovation to meet the intricate objectives of our private clients.

Early Years

Litvak & Co. is built from a rich heritage in global banking and international finance. Ricardo Litvak Klein, the firm’s founder, was raised in a family of bankers and industrialists. His father's family, the Litvaks, were bankers and owners of Banco Israelita de Chile (BIDC est. 1944). His mother's family, the Kleins, were industrialists who owned mining and shipping operations in Chile. Ricardo was introduced at a young age to the day-to-day operations and boardroom strategies of BIDC and later Continental Trade Bank of Switzerland (est.1967). Although his family would exit the banking business by the 1980's, he established a lifelong passion for banking, capital markets and investments from his early exposure and insight into this exclusive world.

“Every act of entrepreneurship is revolutionary and rooted in the anarchist spirit. It strikes at the heart of the status quo. It dares to be dissatisfied with what is. It imagines something new and better.”
—Jeffrey Tucker

New York Years

Litvak began his Wall Street career in 1987 when legendary banker Edmond Safra recruited him to apprentice at Republic National Bank.

In the early 1990s, Litvak pioneered Latin American Derivatives at Bear Stearns and later at Salomon Brothers, a move that was instrumental in opening global capital flows to these and other emerging markets.

In 1999, Litvak returned to his roots in
private banking. At Donaldson Lufkin & Jenrette, he co-founded and managed the New York Latin America Group. Most recently, as a senior advisor, he built and managed a $4 billion global private banking business at Morgan Stanley.

Today and Tomorrow

More than a quarter-century after he arrived on Wall Street, and 70 years since the establishment of his family’s bank, Litvak established Litvak & Co. to bring traditional private banking back down to human scale. As a third-generation banker, he has founded his firm on the time-tested principles of portfolio management and the time-honored values of accessibility, responsiveness, and accountability.