New CEO for Privatam, the Customized Investments Fintechby Company Announcement June 18, 2020
Privatam announced the appointment of a new CEO, the Swiss-Italian Massimo Passamonti, co-founder of the Fintech offering its services to wealth managers.
Massimo Passamonti, a graduate nuclear engineer, 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. In 2014, he co-founded Privatam with Stan Perromat, Arthur Bauch and Steve Price in Monaco. 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 today 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,”
says M. Passamonti.
After the start-up time comes the build-up time.
Since its foundation, 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.
Arthur Bauch will be responsible for improving the content of the PARity platform and expanding its supplier base.
Steve Price will lead Privatam’s Technology Team and co-ordinate its PARity development program.