GAM appoints new Zurich based Global Head of Wealth Management and new Head of Private Labelling in Luxembourg
15 July 2021
GAM appoints new Zurich based Global Head of Wealth Management and new Head of Private Labelling in Luxembourg
GAM announced today that as part of its growth plans, Martin Jufer is being promoted to the new role of Global Head of Wealth Management and Sean O’Driscoll will join the firm as the CEO of Luxembourg, responsible for the management company and Private Label Funds business.
These appointments mark another step in the implementation of GAM’s growth strategy.
GAM Private Labelling is one of the largest independent third-party fund solution providers in Europe and plans to further strengthen the strategic growth path for the platform by building on its strong track record and ongoing client demand for management company services.
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.
Martin Jufer joined GAM from Julius Baer in 2009 and has been responsible for the Private Labelling business since 2015. Martin will provide continuity by remaining on the boards of GAM’s management companies in Switzerland, Luxembourg, Ireland and Italy. Martin takes up his new Wealth Management role on 2nd August and will remain based in Zurich.
Sean O’Driscoll joins GAM from Universal-Investment where he was the Country Head of Luxembourg and a member of the Group Management Board. Sean will remain based in Luxembourg and will provide senior leadership there to reflect the importance of Luxembourg within GAM’s business plans. Sean has over 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. Sean will join GAM on 2nd August.
(These appointments are subject to the normal regulatory approvals).
GAM Wealth Management (formerly GAM Private Clients and Charities) has over 35 years of experience in providing multi asset solutions for private clients and as at 31 December 2020 managed over CHF 2.9 billion for clients including ultra high net worth individuals, family offices, trusts and charities.
GAM Private Labelling is one of the largest bank-independent third-party fund solution providers in Europe with CHF 86.1 billion of assets under management (AuM) and over 50 Private Labelling clients as at 31 December 2020.
Peter Sanderson, Chief Executive Officer at GAM, said: “I’m proud to recognise GAM’s long heritage managing assets on behalf of our wealth clients and believe that Martin’s client focus and solutions mindset combined with our multi asset investment capabilities will continue to attract clients and deliver the excellent service that they expect. Our Luxembourg team plays a critical role at GAM and Sean will further strengthen our leadership there bringing his significant business building, governance and oversight experience which will further develop our position as a leading third-party provider of fund solutions and management company services. I am delighted that GAM continues to attract such high calibre professionals while also being able to promote so strongly from within our own internal talent.”
4 August 2021Half Year results 2021
21 October 2021Interim management statement Q3 2021
For further information please contact:
Global Head of Communications and Investor Relations
T +44 20 7917 2241
Investor Relations Media Relations Media Relations
Jessica Grassi Kathryn Jacques Ute Dehn Christen
T +41 58 426 31 37 T +44 20 7393 8699 T +41 58 426 31 36
GAM is a leading independent, pure-play asset manager. The company provides active investment solutions and products for institutions, financial intermediaries and private investors. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers. GAM employed 701 FTEs in 14 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano as at 31 December 2020. The investment managers are supported by an extensive global distribution network. Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange with the symbol ‘GAM’. The Group has AuM of CHF 124.5 billion (USD 132.3 billion) as at 31 March 2021.
Disclaimer regarding forward-looking statements
This press release by GAM Holding AG (‘the Company’) includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations and projections about the Company’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industry in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to identify those forward-looking statements by using words such as ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at this time, may prove to be erroneous.
These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions, and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. The Company expressly disclaims any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this press release and any change in the Company’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.
- Sean O'Driscoll_highres
- GAM appoints Global Head of Wealth Management and Head of Private Labelling_EN
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Synchronoss Names Christina Gabrys Chief Legal Officer27.7.2021 22:05:00 CEST | Press release
BRIDGEWATER, N.J., July 27, 2021 (GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital products and platforms, today announced the appointment of Christina “Chrissy” Gabrys as Chief Legal Officer. Gabrys succeeds Ronald Prague who is stepping down after 15 years with the company to pursue other interests. In her new role, Gabrys will oversee all legal affairs for the company. “Ron has played a significant role in shaping the Synchronoss that we are today. His leadership in negotiating and closing customer agreements, completing acquisitions and the company’s other financial endeavors – including his contribution to the successful recent recapitalization of the company – has been invaluable and he will be greatly missed,” said Jeff Miller, President and CEO of Synchronoss. “I would like to thank Ron for all he’s contributed to the business. We will always consider him part of the Synchronoss family and wish him w
SBM Offshore signs FPSO Almirante Tamandaré contracts27.7.2021 18:37:16 CEST | Press release
July 27, 2021 SBM Offshore is pleased to announce it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 26.25 years lease and operation of FPSO Almirante Tamandaré. These contracts follow the signing of the binding Letter of Intent as announced on February 25, 2021. FPSO Almirante Tamandaré will be deployed at the Búzios field in the Santos Basin approximately 180 kilometers offshore Rio de Janeiro in Brazil. SBM Offshore is progressing with the design and construction using its industry leading Fast4Ward® program. Delivery of the FPSO is expected in the second half of 2024. CorporateProfile The Company’s main activities are the design, supply, installation, operation and the life extension of floating production solutions for the offshore energy industry over the full lifecycle. The Company is market leading in leased floating production systems, with multiple units currently in operation. As of December 31, 2020, the Company employs approximately 4,570 people worl
Exel Industries :Third quarter 2020-2021 revenue : A sustained growth rate of 18.4%, in line with our expectations.27.7.2021 18:00:00 CEST | Press release
PRESS RELEASE July 27, 2021 Third quarter 2020-2021 revenue A sustained growth rate of 18.4%, in line with our expectations. Q3 revenue in €m2019 ‐ 20202020 - 2021Change in valueChange in %ReportedReportedReported* like‐for‐likeReported* like‐for‐likeAgricultural Spraying99.6113.814.216.414.3%16.4%Sugar Beet Harvesters218.104.22.1689.3%39.9%Garden Watering and Spraying50.149.8-0.3-0.8-0.6%-1.6%Industrial Spraying38.85516.217.941.9%46.2%EXEL Industries Group210.4249.238.842.218.4%20.1% *like‐for‐like = at constant foreign exchange rates and scope 9-month revenue in €m2019 - 20202020 - 2021Change in valueChange in %ReportedReportedReported* like‐for‐likeReported* like‐for‐likeAgricultural Spraying255.729236.342.114.2%16.5%Sugar Beet Harvesters53.863.81010.918.7%20.2%Garden Watering and Spraying89.3109.420.120.322.4%22.7%Industrial Spraying125.8169.243.43834.5%30.2%EXEL Industries Group524.7634.4109.8111.320.9%21.2% *like‐for‐like = at constant foreign exchange rates and scope Third quarte
Leasinvest Real Estate SA: Publication of a transparency notification27.7.2021 18:00:00 CEST | Press release
PUBLICATION OF A TRANSPARENCY NOTIFICATION IN ACCORDANCE WITH THE LAW OF 02/05/2007 ON THE DISCLOSURE OF IMPORTANT PARTICIPATIONS A notification of 27 July 2021 issued by AXA, shows a passive threshold overrun, following the introduction of the double voting rights and a capital increase by contribution in kind from a/o Extensa Group, as approved at the extraordinary general meeting of Leasinvest Real Estate on 19 July 2021. The total number of voting rights of AXA in Leasinvest Real Estate has decreased to 13.44% of the voting rights in Leasinvest Real Estate NV (hereinafter the "Company”). The notification comprises the following information: REASON FOR THE NOTIFICATION: Passive threshold overrun NOTIFICATION: by the parent company or controlling person. PERSON(S) SUBJECT TO THE NOTIFICATION REQUIREMENT Name and legal formAddress AXA SA 25, Avenue Matignon, 75008 Paris, France TRANSACTION DATE: 19 July 2021 THRESHOLD DROPPED BELOW: 15% DENOMINATOR: 11,804,919 DETAILS OF THE NOTIFICAT
ASM INTERNATIONAL N.V. REPORTS SECOND QUARTER 2021 RESULTS27.7.2021 18:00:00 CEST | Press release
Almere, The Netherlands July 27, 2021, 6 p.m. CET Continued robust market demand fuels strong quarterly performance ASM International N.V. (Euronext Amsterdam: ASM) today reports its second quarter 2021 operating results (unaudited) in accordance with IFRS. FINANCIAL HIGHLIGHTS EUR million Q2 2020 Q1 2021 Q2 2021 New orders 298.0 410.6 515.7 Revenue 341.8 394.0 411.7 Gross profit margin % 48.3 49.5 48.1 Operating result 87.6 124.5 118.4 Operating result margin % 25.6 31.6 28.7 Result from investments (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013) 10.7 13.9 19.3 Amortization intangible assets (resulting from the sale of ASMPT stake in 2013) (3.3) (3.0) (3.0) Net earnings 74.1 122.5 108.4 Normalized net earnings (excluding amortization intangible assets resulting from the sale of ASMPT stake in 2013 and result from sale of ASMPT shares) 77.4 125.5 111.4 New orders of €516 million for the second quarter 2021 increased by 73% compared to the same
Vastned Belgium: Interim half-yearly report for the first half of 202127.7.2021 18:00:00 CEST | Press release
High stable collection rate (97.9%) of rental income during the first half of 2021. Occupancy rate during the first half of 2021 (97.4%) increased by 1.2% compared to 31 December 2020. Limited debt ratio of 28.6%, in line with 31 December 2020 (28.5%). € 34.7 million of unused credit facilities available. Decrease in the fair value of the existing real estate portfolio (-2.2%) compared to the previous financial year. Management focus in 2021 mainly on the timely collection of rental income and maintaining a strong occupancy rate. Full press release: Attachment VB_Interim half-yearly report for the first half of 2021
ASM INTERNATIONAL N.V. NOMINATES TWO NEW SUPERVISORY BOARD MEMBERS27.7.2021 17:45:00 CEST | Press release
Almere, The Netherlands July 27, 2021, 5.45 p.m. CET ASM INTERNATIONAL N.V. NOMINATES TWO NEW SUPERVISORY BOARD MEMBERS ASM International N.V. (Euronext Amsterdam: ASM) today announces the nomination of Pauline van der Meer Mohr and Adalio Sanchez for appointment to its Supervisory Board. The Supervisory Board proposes to appoint Mrs. Pauline van der Meer Mohr and Mr. Adalio Sanchez as members of the Supervisory Board. Their appointment will be proposed to shareholders during an Extraordinary General Meeting (EGM). The EGM is planned for September 29, 2021, and further details of the EGM will be announced in due course. Pauline van der Meer Mohr (1960) is a seasoned non-executive director and brings over 35 years of experience in leadership positions in multinational businesses and academia. She started her career as a lawyer before making a career at the Royal Shell group from 1989 to 2004. After that she became the Group HR Director of TNT N.V. followed by fulfilling the role of Seni