GAM Investments plans to open office in Australia

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GAM Investments, one of the world’s leading independent, active asset managers, today announced its intention to open an office in Sydney. The new office will expand the Group’s global presence to 14 countries. GAM manages AUD 5.2 billion for Australian institutional and wholesale clients out of AUD 221.0 billion in group assets under management as at 31 March 2018.

GAM hired Alex Zaika as managing director Australia, based in Sydney. Alex will report to Rossen Djounov, managing director, head of Asia, based in Hong Kong. He will build a team of dedicated professionals for the Australian market, enhancing GAM’s local support infrastructure and servicing capabilities to further develop and deepen relationships with Australian clients.

Alex joins GAM on July 23 from BlackRock. He has over 20 years’ experience in Australian financial services covering institutional, wholesale and retail market segments across derivatives, asset management and investment platforms. Prior to BlackRock, he has held various senior positions at Barclays Capital and Macquarie Bank across both institutional and retail segments.

Rossen Djounov said: “The strengthening of our distribution team in Australia underlines our commitment to provide the best service to our clients, meeting their needs in the ever-changing market environment. I am very excited to welcome Alex to the team.”

Having already been active in the alternative risk premia space last year, GAM has further plans to expand its local offering for Australian clients with new and existing strategies.

As part of the plans to expand in Australia, over an extended period GAM will transition out of its 14-year third-party marketing agreement with Sydney-based Shed Enterprises.

Tim Rainsford, group head of sales and distribution, said: “I would like to thank Shed, led by Sheridan Lee, for their great contribution over many years in helping GAM build a firm foundation for its Australian business. Australia is a very important and growing market for GAM, and the decision to expand our presence here is a natural consequence of our desire to be closer to our clients. Having a local team will enable GAM to better serve our clients’ needs and further expand our footprint in Australia, where we have already seen significant success marketing our absolute return bond and alternative risk premia strategies.”

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