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June 12, 2019

GAM hires institutional business director in Australia

GAM Investments has named Alison Wallis as the director for its institutional business in Australia.

The appointment is said to be in response to rising interest in the firm’s differentiated product line from Australian superannuation funds.

Wallis will operate out of Sydney.

She most recently worked at Brookvine, holding the role of a director for six years with responsibility for catering to institutional investors.

Earlier, she had stints at Deutsche Bank and Morningstar.

In the new role, she will report to managing director for Australia Alex Zaika.

Zaika stated: “Alison has an excellent reputation in the Australian market and brings a wealth of knowledge across asset classes.

“She will be a valuable addition to our team as we continue to expand our local offering for Australian clients and provide them with differentiated investment solutions.”

GAM has investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano. Its staff headcount is nearly 900.

The firm has been facing various troubles recently after an internal probe revealed that its star fund manager Tim Haywood flouted risk management and record keeping processes.

Haywood was sacked while GAM CEO Alexander Friedman resigned soon after the scandal.

Last month, billionaire investor George Soros took a 3% stake in GAM.

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