Citywealth Forum USA 2026 speaker spotlight: Francesca Boschini, Director and Head of International Wealth Planning and Head of Insurance Solutions for the Americas, Deutsche Bank Wealth Management

Date: 06 May 2026

Karen Jones

From Bogotá to Buenos Aires: Leading the Conversation on Latin America’s Wealth Evolution.

Overview

Francesca Boschini contributed a private banking and insurance planning perspective, drawing on more than 25 years’ experience advising international families on cross border wealth structuring.

The discussion focused largely on Mexico and Brazil, the region’s largest economies, where tax reform, transparency, and cross border structuring are reshaping how families manage wealth.

Her remarks addressed how Latin American clients are adapting to a more transparent tax environment, and how planning is moving towards more structured and coordinated solutions involving trusts, insurance, and multiple jurisdictions.

Key Themes from Francesca Boschini

1. From Privacy to Compliant Confidentiality

Boschini described a shift in how Latin American families approach planning. Historically, the focus was on diversifying assets outside the home country while maintaining confidentiality.

As tax regimes have developed across the region, this has changed. With CFC rules, exchange of information agreements, and tax treaties now widely in place, planning takes place within a framework of compliant confidentiality.

2. Tax Reform Has Reshaped Planning

Boschini pointed to the extent of tax reform across Latin America, with countries including Brazil, Argentina, Colombia and Mexico introducing more developed regimes.

Planning has therefore become more structured. Clients are working more closely with advisers and require solutions that take account of multiple jurisdictions and reporting obligations.

3. The Use of Trust Structures

Trusts remain a central part of cross border planning. Boschini highlighted the use of US structures, particularly foreign grantor trusts, often combined with underlying entities where US situs assets are involved.

The choice of structure and jurisdiction reflects both tax considerations and the location of beneficiaries.

4. Insurance and PPLI

Boschini also addressed the role of insurance, including private placement life insurance, in wealth planning. These structures are used to defer income tax and provide liquidity, particularly where families and assets are spread across jurisdictions.

They can also be used to balance outcomes between beneficiaries in different countries.

5. Changing Asset Profiles

Boschini noted that Latin American clients are investing across a wider range of assets.

Alongside traditional holdings, allocations now include private equity, art, sports franchises and digital assets, increasing the complexity of structuring and planning.

6. Next Generation and Governance

She also referred to changes in family dynamics. In some cases, younger family members are more actively engaging with advisers, particularly on questions of governance and succession.

This has contributed to increased use of family offices and more structured approaches to managing wealth across generations.

Closing Perspective

Boschini’s remarks reflected a move towards more structured and coordinated planning in response to regulatory change and increasingly international families.

Trusts, insurance, and tax planning remain central, but are now used within a more transparent and technically demanding environment.

Key Points from the Discussion

• Tax reform across Latin America has reduced scope for informal structuring
• Clients are operating within transparent frameworks and working more closely with advisers
• Trusts remain central, with growing use of US based structures
• Insurance, including PPLI, is used for tax deferral and liquidity planning
• Investment strategies are expanding into private equity, art, sports and digital assets

Fellow Panelists

• Marina Cristiani, Senior Director and Head of Client Solutions at JTC USA Private Client Services
• Nina Heindel Baumbach, Senior Manager, Tax Services at RSM US

For more information, click here.

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