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MASECO targets US clients in the UK with two senior-level appointments

MASECO Private Wealth, the London-based wealth manager that advises US nationals living in the UK, is delighted to announce the appointment of Maria Chapman as Head of Business Development. Before joining MASECO, Maria was Head of Private Banking Relationships with currency management firm The ECU Group plc (“ECU”), for 13 years and was responsible for developing and maintaining the company’s currency lending and asset management banking relationships and performing a business development role. Maria was also on the board of directors.

Prior to joining The ECU Group, Maria held senior business development and private banking positions with Kleinwort Benson, Bank Boston and The Boston Safe Deposit and Trust Company where she was responsible for implementing structured marketing programmes to IFAs, banks and investment houses, specifically targeting US nationals living and working in the UK.

Cormac Naughten has joined MASECO as Head of MASECO Institutional. Cormac will be working with advisers and intermediaries to further develop MASECO’s offering to this core market.

Prior to joining MASECO, Cormac was Head of Private Client Sales and Marketing at ECU and served on the board as a director following ECU’s MBO from ED&F Man. Over a ten-year period he created and led a team which won over £1 billion in currency management mandates leading to ECU being awarded 19th place in the 2007 Sunday Times Fast Track 100 awards which recognises the private companies in the UK with the fastest sales growth.

Previously Cormac worked as a foreign exchange broker in London and Switzerland after graduating in modern history from Jesus College, Oxford.

James Sellon, Managing Partner, MASECO Private Wealth, commented:

“The addition of Maria and Cormac to our team represents another significant step forward for MASECO’s continued growth. We are delighted to enhance our offering to clients and intermediaries with two such high-calibre professionals. Cormac and Maria will help to further strengthen MASECO’s focus on the relationships that help our broad range of clients to achieve their investment goals.”


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