Among the changes set out, GAM said it intends to deepen and expand capabilities in Switzerland and the UK.

Zurich-listed GAM Investments has promoted one of its senior figures, Martin Jufer, to become global head of wealth management, while former Universal Investment Luxembourg country boss, Sean O’Driscoll, will become GAM’s Luxembourg CEO.

As part of a series of changes, GAM‘s existing private clients business will be re-branded as GAM Wealth Management. GAM plans to grow the capabilities within its recently opened office in Singapore and continue to build its presence in this important and growing market. GAM also plans to deepen its existing capabilities in Switzerland and the UK while continuing to invest in new technology to support best-in-class client service, the firm said in a statement today. 

Jufer joined GAM from Julius Baer in 2009 and has been responsible for the firm’s Private Labelling business since 2015. Jufer will remain on the boards of GAM’s management companies in Switzerland, Luxembourg, Ireland and Italy. He will take up his new role on 2 August and will remain based in Zurich.

O’Driscoll is joining from Universal-Investment where he was the country head of Luxembourg and a member of the group management Board. He will remain based in Luxembourg and will provide senior leadership there to reflect the importance of Luxembourg within GAM’s business plans. O’Driscoll has more than 27 years of experience in the industry. Before Universal-Investment he had roles with AXA, BlackRock and State Street in the USA, Ireland and Luxembourg. O’Driscoll will also join GAM on 2 August.

These appointments are subject to the normal regulatory approvals. 

GAM Wealth Management, as of 31 December 2020, managed more than SFr2.9 billion ($3.17 billion) for clients including ultra-high net worth individuals, family offices, trusts and charities.

GAM Private Labelling has SFr86.1 billion of assets under management and more than 50 private labelling clients as at 31 December 2020.