Luxembourg-based VAM Funds has announced its proposed appointment of former head of Driehaus Capital Management, Robert Gordon, as a director of both VAM Funds (Lux) and VAM Managed Funds (Lux).
His appointment is subject to approval by the Luxembourg regulator Le Commission de Surveillance du Secteur Financier and by shareholders, VAM said in a statement announcing the hire.
Gordon is seen as an authority on mutual funds in the US, with previous roles including chief operating officer at ARIS Capital Management, and co-president and chief executive of Bank of America Capital Management.
Most recently, Gordon was president and chief executive of Driehaus Capital Management, a boutique investment house based in Chicago with £6.3bn (US$8.5bn) AUM in traditional and alternative investments.
VAM Funds offers a range of single strategy funds managed by Driehaus, as well as its Driehaus-advised, actively managed global equity fund.
The news follows a number of recent senior appointments at VAM as part of its global growth plans. These include the appointment of industry veteran David Cockerton to group development director and Helen Holmes to the role of investment director.
VAM Group Sales & Marketing Director David Macdonald said that the appointment of Gordon would “aid the growth” of VAM’s Close Brothers and Driehaus Capital Management investment propositions.