London-based MASECO Private Wealth, one of the best-known wealth management firms for American high-net-worth clients in the UK and Hong Kong, has made three of its top executives managers partners.
The three new partners include Andrea Solana, an American from the Washington, DC area who joined the firm in 2014 as a financial planning consultant. She retains her title of head of advanced planning at the firm.
Also named partners have been senior wealth manager Tor Flonaes and chief operating officer Nicolas (“Nick”) Tissot.
Flonaes also joined MASECO Private Wealth in 2014, as a senior wealth manager, after five years with Killick & Co. He is originally from Norway and speaks five languages, including Norwegian, Italian, German and French.
Tissot came to MASECO in 2017, after around 18 years with Mirabaud Asset Management Ltd. and other Mirabaud businesses, mostly in London but also, for more than 14 years, in Hong Kong.
The new partnerships took effect in April, according to James Sellon, who founded the company in 2008 with Josh Matthews and Emilia Chachulova.
At that point the three had recently left Citi Smith Barney, which at the time was said to be the largest private client team in Europe. Today the company has around US$1.9bn under management, according to its website.
The three new MASECO partners bring the total number to seven. Senior wealth managers Rory Dorman and Henry Findlater were made partners previously. Chachulova left MASECO in 2017.
As reported here last year, MASECO was an early advocate of the ethical investing and business philosophy, and in January 2014, became the first wealth manager in the UK to be awarded "B Corporation” certification. It has maintained that certification ever since, which means that it needs to undergo the certification testing process every three years.