Damian Barry joins MASECO Private Wealth as Chief Investment Officer
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MASECO Private Wealth are pleased to announce the appointment of Damian Barry as Chief Investment Officer (CIO).
Damian has joined from Mediolanum asset management, where he was the Head of Multi-Asset Management. Damian and his portfolio management team were responsible for both top-down strategic research, as well as bottom-up manager selection for the multi-asset portfolios.
Damian’s career spans over 25 years. Prior to Mediolanum, Damian was responsible for running multi-asset portfolios for Seven Investment Management, focusing on top-down asset allocation decisions combined with bottom-up passive and active fund selection. Prior to Seven IM, Damian managed large multi-asset portfolios for Threadneedle and Russell Investments for a wide range of institutional, high net worth individuals and retail clients. During his time at Russell Investments, Damian lived in Seattle, managing portfolios for US clients. He is a CFA charterholder and has a Bcomm from UCC.
At MASECO Damian will lead the Investment Team, bringing together both internal and external expertise to portfolio construction and research. Damian will chair MASECO’s Investment Committee and become a member of MASECO’s Strategy Committee, supporting MASECO’s collective mission to service the needs of US and global families.
James Sellon, Co-founder and Managing Partner, commented:
“We are delighted that MASECO continues to attract exceptional talent and I am thrilled that Damian will be joining the firm and leading our investment proposition going forward. This is an important appointment for us and is key in our ambition to grow and develop our market share. Damian will play a fundamental role in helping us shape the future of MASECO.”
Damian Barry commented:
“I am delighted to be taking up the role of Chief Investment Officer at this exciting time for MASECO. I am a firm believer in portfolio construction using systematic strategies and have been very impressed with the platform that MASECO have built. I look forward to developing the proposition and continuing to bring together portfolio construction and our research processes within an integrated framework.”
Josh Matthews, Co-founder and Managing Partner commented:
“We look forward to welcoming Damian’s strategic input into our investment process and introducing him to our clients over time. It is crucial when running an investment team to include varied and critical thinkers and adding Damian to our team will continue to deepen and enrich the quality of thought.”
MASECO is an independent wealth management firm seeking to enrich the lives of High and Ultra High Net Worth American and global clients through simplifying their multi-jurisdictional wealth management needs.
MASECO was established in June of 2008, during the initial tremors of the Global Financial Crisis when the US ex-pat Team left Citigroup in London.
When MASECO was born, the UK non-domicile tax rules were changing (meaning that American and other Non-Dom clients would need to pay UK taxes going forward on their global assets), traditionally secure financial institutions were on rocky ground and the financial crisis was beginning. When founders and co-partners Josh Matthews and James Sellon started MASECO, only a handful of other firms looked after US clients.
Over the years, MASECO has won 21 awards and grown its assets to over $2.6bn.
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