Published: June 24, 2009
Global Wealth Management Group (GWM) has announced that Shawn Mofidi has been elected chairman of the wealth management and family office services division of the firm.
He replaces Sigieri Diaz Della Vittoria Pallavicini, who will continue as chairman and CEO of GWM Group, the parent company, which he founded in 2000.
GWM Group is an independent organisation run and owned by its partners, specialised in providing a range of advisory and wealth management services to families of significant wealth, corporate and institutional investors. Its headquarters are based in Geneva and Luxembourg with presence in primary European financial centres, as well as Tokyo and New York. With Mofidi’s arrival the company will expand in the Middle East.
Mofidi is an experienced and accomplished leader with 28 years track record of success in the financial services industry. Previously, he served as a managing director at Citi.
Most recently, he was responsible for managing and developing the Citi private bank's ultra-high net worth initiative across the Middle East region. He has also served in the position of global market manager for the Gulf region.
Before that, he held numerous managerial, relationships, and credit related positions in corporate as well as private banking with Bank of America, Wells Fargo Bank, and Coutts Bank (Switzerland).