Masttro Appoints Andrew Peddar as COO to Scale AI-Powered Wealth Solutions

Masttro has appointed Andrew Peddar as Chief Operating Officer to lead its global data operations and client experience teams. For fintech professionals, this move signals a scaling phase for a wealth tech firm reporting 43% ARR growth, as it seeks to professionalize its operational backbone to support AI-driven cross-border wealth management.

What was announced

Andrew Peddar joins Masttro as Chief Operating Officer, a role that places him in charge of the company’s Data Operations and Client Experience teams. Based at the firm’s New York City headquarters, Peddar reports directly to CEO Jay McNamara. His remit focuses on unifying global operations, onboarding, and client service functions to maintain data reliability and seamless delivery as the platform scales.

Peddar’s career spans over 25 years in financial technology and enterprise software. He previously served as Group Chief Operating Officer at StatPro, where he managed commercial and delivery functions across North America, Europe, and Asia-Pacific. He later held the position of Vice President and General Manager at Broadridge Financial Solutions, overseeing a global business serving major financial institutions. Most recently, he was Chief Revenue Officer at Next Matter, an AI and data orchestration platform.

The appointment follows a period of significant growth for Masttro, which reports a 43% increase in annual recurring revenue over the last 18 months. Since the beginning of 2025, the company has expanded its workforce by 20%, with staff operating across seven countries and serving clients in more than 40 markets. The firm’s technical infrastructure currently supports more than 750 direct custodial connections and tracks over 300,000 alternative investments. In the first nine months of 2026, Masttro’s AI-driven tools saw high engagement, with the Intelligence Assistant processing over 32,000 client requests. Additionally, its Documents AI and Alternatives AI products now support workflows across more than 10,000 funds. The company also secured ISO/IEC 27001:2022 certification in September 2026.

The companies involved

Masttro provides a global operating system designed for the management of complex wealth. The platform is built to consolidate financial data across various institutions, entities, and asset classes, specifically targeting the needs of ultra-high-net-worth individuals and family offices. By integrating direct custodial connections with alternative investment tracking, the firm aims to automate the reporting and analysis of diversified portfolios that often include non-traditional assets.

The company operates from its headquarters in New York City and maintains a global presence with employees in seven different countries. Masttro has positioned itself as a specialist in the "complex wealth" niche, where traditional retail or institutional tools often struggle with the lack of transparency in private equity, hedge funds, and other alternative holdings. Its market strategy relies heavily on the integration of artificial intelligence to handle document processing and data orchestration. This focus on security and operational standards was recently formalized through the achievement of ISO/IEC 27001:2022 certification, reflecting its role as a critical infrastructure provider for global wealth owners and their advisors.

What FF News has reported before

FF News has tracked Masttro’s expansion and its focus on AI-driven automation throughout 2025 and 2026. In early 2025, the publication covered the leadership transition when the firm Masttro Appoints Jay McNamara as Chief Executive Officer. Since then, the reporting has shifted toward the company's product evolution and technical integrations.

In August 2026, FF News reported that Masttro Launches Cash Projection Hub to Automate Closed-End Fund Forecasting, a move designed to assist wealth managers with liquidity planning. This was followed in September 2026 by the news that Masttro and Truewind Launch AI Integration to Automate UHNW Wealth Accounting. That partnership specifically targeted the movement of complex wealth data into family office accounting systems, illustrating the firm's ongoing strategy of reducing manual data entry for high-net-worth clients.

What this means

The appointment of a COO with deep enterprise experience suggests that the wealth tech sector is moving beyond the initial "visibility" phase into a period of industrial-scale operational maturity. As ultra-high-net-worth portfolios become increasingly weighted toward complex alternative assets, the pressure on legacy reporting providers to match the speed of AI-driven platforms is intensifying. The industry now faces a critical question: can automated data orchestration fully replace the manual reconciliation processes that have long defined family office operations? This move indicates that for platforms to win, they must pair advanced AI tools with the institutional-grade operational stability typically associated with much larger financial incumbents.