VAM targets Middle East growth with senior hire

VAM Funds has announced that it has named David Cockerton as a senior adviser for the Middle East part of its plans to grow across the region.

The Luxembourg-headquartered fund management company, said in a statement today, that industry veteran Cockerton has joined the company to provide consultancy services as VAM looks to grow its life company, investment platform and bank relationships across the Middle East.

He will report directly to sales and marketing director David Macdonald and will work closely with Mark Taylor, VAM’s regional manager in the Middle East.

Cockerton, who previously held several senior positions with Zurich in Asia, Europe and more recently the Middle East, left Zurich in January after 23 years with the insurance giant.

Prior to his departure from Zurich, he co-chaired the HSBC and Citibank Regional Steering Committees and played a pivotal role in Zurich’s recent announcement of an exclusive distribution agreement with Standard Chartered Bank in the UAE and Bahrain.

‘Multitude of changes’

“The wealth management industry is experiencing a multitude of changes across the Middle East, and David’s insight and expertise will help us fully realise the opportunities that this creates,” said Macdonald.

“Having lived and worked in the region for the past seven years, I have first-hand knowledge of the challenges that lie ahead as the anticipated regulatory changes are introduced,” said Cockerton. “VAM has a very clear plan and is well equipped to be agile in its delivery in support of its distribution partners.”

Founded in 2001, VAM is a fund management company, fully regulated in Luxembourg under UCITS V legislation, and provides investment solutions for wealth managers worldwide.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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