VAM Funds, the Luxembourg-based and regulated fund manager, has named Ben Wiseman and Niclas Soderberg to key regional business development roles, as it seeks to expand its investor base.
Both Wiseman and Soderberg report to David Macdonald, who, as reported, was named sales and marketing director in September.
At VAM, Soderberg will be responsible for business development activities in the Nordic region, while Wiseman will look after the African market, VAM said in a statement.
Soderberg has more than 20 years of experience in the financial services sector in both the retail and wholesale markets, including 15 years with Friends Provident International/Friends Life.
Wiseman has worked in the offshore financial sector since 2003, most recently as head of business development for the Guernsey-based DFM Nova Group.
VAM, which was founded in 2001, is a UCITS V-compliant fund management company which calls itself a “specialist” fund manager, with more than US$500m funds under management. Although based and regulated in Luxembourg, it has a marketing office in Mauritius.
It says its approach is to “partner with smaller, niche investment houses outside the mainstream”, where, it says, there are better returns to be had than from more mainstream investment options.
Last year, entered into a strategic partnership with Close Brothers AM, to meet what the two companies said at the time was a growing demand from non-UK-based advisers and their clients for discretionary fund management services. Through its range of VAM Close Brothers funds and VAM Driehaus funds, it offers a range of multi-asset and single-asset strategies.