GWM names new managing partner

Published: July 15, 2009

Samir Sayeed will join the Global Wealth Management Group (GWM Group), an independent financial service partnership based in Switzerland, as a managing partner.

He will be in charge of the group’s Asian expansion. In addition, Sayeed will be the partner in charge of the GWM Group’s London office, as well as a member of the board of directors of GWM S.A., the wealth management and family office services division.

Founded over 10 years ago, GWM Group is an independent organisation run and owned by its partners, specialised in providing a range of corporate advisory and wealth management services to families of significant wealth. Its headquarters are based in Geneva and Luxembourg with presence in primary European financial centres, as well as Tokyo and New York.

Sayeed has over 22 years experience in the financial services industry. Before joining GWM, Sayeed served as managing director and global head of the international India business at JPMorgan's private bank. Based in London, he had teams in the major financial centres across Europe, Middle East and Asia. Before that, he held numerous managerial positions at the Citi private bank, including head of its global India business, as well as, global market manager of the Gulf region. Before joining Citigroup, he was chief investment strategist for Europe and Asia at the Kuwait Investment Authority.

Sayeed states: “It is a privilege to have an opportunity to work with a group of like minded and skilled practitioners at GWM Group serving families with a keen appreciation for independent and unbiased advice as they chart their strategies.”

He continues: “While a product-centric approach to wealth management is sensible in some respects, recent history has proven that it has failed to meet the wealth creation and legacy preservation of many families of substantial wealth around the world. The core beliefs at GWM are that of superior client service, sound and timely independent advice and a relationship based on partnership. I look forward to joining the team to help our clients.”

Peter Sartogo, managing partner states: “Asia along with the Middle East are significant wealth markets and strategically important to us. Under Samir’s stewardship we are keen to avail our platform capabilities to Asian families of substantial wealth, which is built on the time-honoured tradition of customised relationship management and independent advice.”