GAM Investments will open a subsidiary in Sydney. With the new location, the group is expanding its global presence to 14 countries.
GAM currently manages about CHF3.8bn for institutional and intermediary clients in Australia. As of 31 March 2018, the Group’s assets under management totalled CHF162.3bn.
GAM has appointed Alex Zaika as managing director for Australia. He will work in Sydney and report to Rossen Djounov, who is managing director and head of Asia in Hong Kong. Zaika will build a team dedicated exclusively to the Australian market. The goal is to strengthen the regional support infrastructure and expand the service offering to further develop and deepen relationships with Australian customers.
Alex Zaika moves from BlackRock to GAM on 23 July 2018. He has over 20 years of experience in the Australian financial sector, serving institutional, intermediary and retail clients in derivatives, asset management and investment platforms. Prior to BlackRock, he held various leadership positions in institutional and retail segments with Barclays Capital and Macquarie Bank.
Having previously been active in Alternative Risk Premia last year, GAM plans to further expand its local offering for Australian clients with new and existing strategies. As part of its expansion plans in Australia, GAM will end the 14-year marketing agreement with the Sydney-based Shed Enterprises after a lengthy transition period.
Tim Rainsford, Group Head of Sales and Distribution, said: “Australia is a very important and growing market for GAM, and the decision to move to the new location came from a desire to be closer to our customers. With a local team, GAM can meet customer requirements and further expand its presence in Australia.”