GAM (company)

GAM Investments
Public limited company
Traded as SIX: GAM
ISIN CH0102659627
Industry Asset management
Founded 1983 (1983) (as GAM) [1]
Headquarters Zürich, Switzerland
Key people
 Alexander S. Friedman (CEO)
Products Investments
AUM CHF 163.8 billion [2]
Number of employees
 over 900[2] (2018)
Website www.gam.com

GAM Investments is an independent, pure play asset management group headquartered in Zurich.[3] The Group sells to a wide range of client segments such as institutions, wholesale intermediaries, financial advisers, and private investors.[1] The Group’s investment management business is complemented by a private labelling unit which provides outsourcing for third-party asset managers.

Headquartered in Zurich, GAM has been independently listed on the SIX Swiss Exchange since October 2009, following the separation of the former Julius Baer Group Julius Baer,[4] and is a component of the Swiss Market Index Mid (SMIM) SIX Swiss Exchange with the symbol “GAM”. The Group has assets under management of CHF 163.8 billion (as at 30 June 2018) and employs over 900 staff with offices in 14 countries.

History

GAM was founded in 1983 by Gilbert de Botton,[5] who is considered the pioneer of the "open architecture" model.[6] In 1999, it was acquired by UBS. It remained under the UBS umbrella until Julius Baer acquired GAM and three other private banks from UBS in 2005.[5] GAM acquired Augustus Asset Managers in 2009, and later in the year separated from Julius Baer to form an independent, pure-play asset manager. The spinoff was completed by listing GAM as a separate company in the Swiss SIX exchange.[7]

GAM has since then has acquired several asset managers: Arkos Capital in 2012 and Singleterry Mansley Asset Management in 2014.[5] In September 2014 it appointed Alexander Friedman, the CIO of UBS Wealth Management, as the new Group CEO.[8] Later, in 2015, GAM announced the acquisition of the real estate division of Renshaw Bay.[9] In May 2016, GAM entered into an agreement to acquire the investment management business of Taube Hodson Stonex, a London-based global equity investment firm: the acquisition is expected to close in the third quarter 2016, subject to customary regulatory approvals.[10] In June 2016, GAM entered into an agreement to acquire Cantab Capital Partners, an industry-leading multi strategy systematic manager based in Cambridge, UK. This acquisition was closed on 3 October 2016 following regulatory approval.[11]

References

  1. 1 2 About GAM
  2. 1 2 GAM Holding AG. "Half Year Results 2018". Retrieved 30 June 2018.
  3. ↑ Angaben der GAM Holding AG auf der Website der SIX Swiss Exchange
  4. ↑ Julius Bär, Medienmitteilung vom 20. Mai 2009
  5. 1 2 3 "GAM: our history". Retrieved 13 August 2015.
  6. ↑ "GAM and LSE announce award in honour of Gilbert de Botton". Archived from the original on 2013-04-22.
  7. ↑ "UPDATE 3-Julius Baer splits operations, unlocks value". Retrieved 13 August 2015.
  8. ↑ "Former UBS CIO Alex Friedman Named CEO at GAM Holding". Retrieved 13 August 2015.
  9. ↑ "GAM acquires real estate finance business of Renshaw Bay". Retrieved 13 August 2015.
  10. ↑ "GAM to purchase £1.8bn equity house THS". Retrieved 19 May 2016.
  11. ↑ "Acquisition of Cantab completed, new quantitative strategies launching under GAM Systematic name" (PDF). Retrieved 4 October 2016.
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