Seasoned leader to accelerate wealth tech pioneer’s strong growth and momentum
NEW YORK — January 6, 2025 — Masttro, the leading wealth tech provider to wealth owners and the industries that serve them, today announced the appointment of Jay McNamara as Chief Executive Officer, effective immediately. Padman Perumal will remain involved in the company as a board advisor, supporting various strategic growth initiatives.
With over 25 years of experience in financial services, McNamara is a proven leader with a track record of driving strategic growth, operational excellence, and innovation. Before joining Masttro, McNamara was a member the Executive Committee at MSCI Inc., (NYSE: MSCI) where he led business, product, and commercial strategies for its Private Capital Solutions product line. His extensive leadership experience also includes roles as Head of Real Estate, Head of Americas Client Coverage, and Global Head of Asset Owners and Investment Consultant coverage.
“Some $84 trillion will be passed down to younger generations over the next two decades and wealth owners and their advisors need more sophisticated technology to manage their complex estates and these transfers,” said Jay McNamara. “Masttro is leading this tech revolution, and I’m thrilled to be part of such a talented team. I look forward to building on our successes and reaching our next stage of growth.”
As President of Burgiss between 2020 and 2023, McNamara drove the company’s expansion to over 1,000 clients across 40 countries, culminating in its acquisition by MSCI in 2023. His experience in scaling global businesses and delivering client-focused innovation positions Masttro to build on its success and accelerate its mission to redefine wealth management.
This leadership transition is a key part of Masttro’s strategy to solidify its position as the industry leader in serving the estates of ultra-high-net-worth (UHNW) and high-net-worth (HNW) clients. Masttro’s significant growth has been driven by partnering with single- and multi-family offices, RIAs, asset management companies, banks, trusts, and professional services firms to deliver unprecedented value to wealth owners. With a strong product foundation and ongoing advancements in AI and data solutions, the company is poised to set a new standard for wealth management technology.
“This marks an exciting new chapter for Masttro as we seek to further revolutionize digital wealth management,” said Javier Gutierrez, Co-Founder and Executive Chairman of Masttro. “Jay’s strategic vision and deep industry expertise will be instrumental to driving our continued growth and innovation, and we extend our gratitude to Padman for his significant contributions as CEO over the last several years.”
In 2024, the company achieved significant global revenue growth, expanding its client portfolio with over 75 high-profile additions, including several of the world’s leading financial institutions.
About Masttro
Masttro is the leading wealth tech platform designed to simplify the complexities of managing ultra-high-net-worth and high-net-worth estates. Offering a single source of accurate, comprehensive data, Masttro empowers wealth owners and their trusted advisors with real-time control, transparency, and insights. The platform utilizes AI to seamlessly aggregate wealth data across all asset classes—including alternative investments, collectibles, and real estate—and is backed by robust cybersecurity infrastructure. With more than 600 proprietary data feeds from leading custodians worldwide, Masttro sets the benchmark for innovation in wealth management technology.