VAM Global appoints Managing Director of Mauritius Administration and Trust Company

VAM Global, the Luxembourg-based Holding Company of the VAM Group which includes the Mauritian Administration and Trust Company (MATCO) and operates VAM Funds, has appointed Mooneer Salehmohamed as Managing Director for MATCO and as VAM Group General Counsel.

Salehmohamed, who will be taking overall charge of MATCO’s Head Office in Mauritius, will also be appointed to the position of Director, VAM Marketing Ltd and Director, VAM Management Services Ltd.

Salehmohamed will be travelling across the various regions in which MATCO and VAM’s other entities operate with the aim of developing existing and prospective client relationships. He is a qualified Barrister in England and Mauritius, with over 10 years of experience in the legal and regulatory field within the Financial Services Industry in the City of London.

Prior to the appointment, Salehmohamed was a Non-Executive Director on the MATCO board. He held legal and regulatory roles at Fleming Family & Partners, Newton Investment Management (a subsidiary of BNY Mellon) and Eaton Vance Management (International) Limited, where he headed the Compliance department within the UK, with responsibility for the Singapore office.

MATCO forms part of the VAM Global group and works to establish, manage and administer companies and trusts to help clients meet their objectives. MATCO’s specialist knowledge is focused on connecting clients to and from Africa, but the company maintains a global client base, helping them to preserve their wealth and provide them with greater flexibility over the management and distribution of their assets.

Brendan Adams, Director, VAM Global, says: “I am delighted to announce the appointment of Mooneer as MATCO’s managing director. Mooneer’s expertise in the legal and financial regulatory field, combined with MATCO’s state-of-the-art computer system,  reinforces our position as one of the leading trust and administration companies in Mauritius.

David Macdonald, Director, VAM Marketing and VAM Funds, says: “Attracting someone of Mooneer’s calibre into the business is a great endorsement of our strategy and ambition. Mooneer will add great value to our VAM Marketing Board of Directors, as we continue to grow the global distribution of VAM Funds.”

Salehmohamed says: “MATCO has built its proposition around being a gateway to and from Africa for corporate and individual clients globally, and I am thrilled to be taking on the role of Managing Director to oversee the future growth of the company’s prospective and existing business relationships.

“As Mauritius grows in importance as a financial centre that connects Africa to the world, MATCO is well-placed to help clients meet their specific objectives for wealth preservation, from businesses to private individuals and families.”