Privatam announced the appointment of a new CEO, the Swiss-Italian Massimo Passamonti, co-founder of the Fintech based in Moanco to offering its services to wealth managers.
Privatam, FinTech based in Monaco, specialist in structured products has appointed Massimo Passamonti, as CEO. Graduate nuclear engineer, he started his career at the European Centre for Nuclear Research (CERN) in Geneva. In 2005, he joined the investment banks Commerzbank then Medicobianca in London and co-founded Privatam with Stan Perromat, Arthur Bauch and Steve Price in Monaco in 2014. He is currently enrolled for the Global Executive MBA at the prestigious INSEAD Business School.
As the new CEO, M. Passamonti will take up his new position immediately and will also be responsible for coordinating the company’s strategy, succeeding a collegial management structure previously held by the four co-founders of the company.
« Our ambition is to streamline our internal organization to further strengthen our position with wealth managers around the world in the non-traditional investment market »Massimo Passamonti
This appointment announces a new milestone in the history of the company. After 6 years of continued growth, the company is planning a second phase of strong growth.
The new strategy will be implemented through striking “the right balance between people and technology”.
«It will be my mission to create the right conditions for this to happen. Innovation is one of our core values and we have the right people and the right mindset to keep on shaping the future of investing.»Massimo Passamonti
Since its inception, Privatam has significantly improved the access and use of customized investments, especially in Latin America, Europe, and Middle East.
With a now global operation, Privatam’s proprietary digital platform PARity serves over 500 wealth managers, helping them to make simpler, better and faster investment decisions.
Stan Perromat will represent Privatam and PARity externally and will be responsible for marketing, communication and philanthropic partnerships.
“We are delighted Massimo will step into this role. This strengthens us internally to better support wealth managers into the digital age, especially in non-traditional investments.”Stan Perromat – Co-Founder
Arthur Bauch will be responsible for improving the content of the PARity platform and expanding its supplier base.
“This reorganization is aligned with our pioneering DNA and with our fundamental values: fostering a workplace that will allow our team of 45 extraordinary co-workersArthur Bauch – Co-Founder
to grow professionally, enrich their knowledge and improve themselves every day, serving our clients.”
Steve Price will lead Privatam’s Technology Team and co-ordinate its PARity development program.
“Privatam has always been a pioneer in the customized investments business and this reorganization will focus increased resources and talents on the next set of innovations we are working on.”Steve Price – Co-Founder