3D Global CEO steps down after 25 years at the helm following management buyout

Mark Nowell, CEO, 3D Global

3D Global, the financial services and wealth management advisory firm headquartered in Cyprus, announced that David Rumsey, the Founder and CEO has stepped down following a successful management buyout.

During Rumsey’s 25 years at the helm since 3D Global’s inception in 1997, the financial advisory business was not only one of the founding members of Cyprus International Financial Advisers (CIFSA) but was also one of the first to become regulated by the Cyprus Securities & Exchange Commission (CySEC) following Cyprus’ acceptance into the European Union.

Of the 112 companies on the CIFSA register in November 2000, 3D Global is the only one still operating under the same guise today. Coinciding with the company’s 25th anniversary, and its best year on record, 3D Global’s executive team take the reins from Rumsey who will remain with the business as a consultant.

Mark Nowell, who has been with 3D Global since 2005 and a Director since 2013, assumes the role of CEO. Nowell will continue overseeing the financial advisory firm’s €130m (£110m) in assets under management and its international client portfolio, which spans 50 countries and focuses on EU nation states.

Nowell will also be doubling down on expanding the firm’s existing range of client services, growing its team of advisors, and building on the work of those staff who have helped the business become a stalwart in Cyprus’ financial services industry.

Rumsey said: “After 25 years, I felt it was the right time to pass on the management of the company. I believe the current management is the right team to develop the business from here on and I will continue to support them as I am able.”

In response to his appointment as CEO, Nowell said: “3D Global has been at the forefront of Cypriot financial services throughout some of the most tumultuous geopolitical and macroeconomic events in modern history.

“Internationally, we have witnessed the dot com bubble, the war on terror, the 2008 financial crash, Brexit, a global pandemic, and now war in Europe for the first time since 1945. Domestically, we’ve seen the Cypriot banking crisis, Cyprus joining the EU, a change in the national currency, and the introduction of sweeping financial services regulation.

“Against the backdrop of these developments, 3D Global has continued going from strength to strength under David’s guidance, tenacity, and vision. I’m now very excited to follow in his footsteps as CEO.”