Group of Boutique Asset Managers (GBAM) announced the appointment of Tim Warrington as the new chairman at the organisation’s AGM in London.
Stavanger based Warrington, the deputy managing director of Norwegian asset manager SKAGEN, joins past chairman, Jose Luis Jimenez, chief investment officer at Mapfre and South African Hlelo Giyose, CEO of Johannesburg based First Avenue Asset Management, on the GBAM Board. Also, elected was Ladislao Larrain, the CEO of Chilean asset manager Larrain Vial Asset Management.
Beltran Parages of Madrid based value manager, azValor, retires from the board by rotation having served three years. John Morgan, MD of Fortuna Asset Management Communications remains the board’s secretary.
Tim Warrington said, “The Asset Management Boutique is an essential competitive element in the asset management landscape. The outperformance demonstrated by boutique asset managers over the long term needs to be more widely recognised as a force for good as society grapples with historically lower returns from pension schemes and other forms of savings. I look forward to leading GBAM to further its objectives of promoting the added value of boutique asset managers.”