GAM Investment Management has appointed Christian Lorenz as client director of institutional business for French-speaking Switzerland. 

Based at GAM’s office in Geneva, Lorenz will focus on servicing and expanding institutional client relationships.

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He will report to the GAM head of distribution for CEMEA, Daniel Durrer.

Prior to joining GAM, Lorenz was head of sales for the DACH region at Edmond de Rothschild (Suisse). He spent 12 years at the firm, serving key positions including member of the board of directors of Edmond de Rothschild Real Estate SICAV.

He was also on the board of Trustees of the company’s pension fund for nine years.

Prior to that, Lorenz served as head of institutional sales for the DACH region at Compagnie Benjamin de Rothschild.

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Commenting on the appointment, Durrer said: “I am very pleased that we have been able to recruit Christian to GAM with his broad background in asset management. He is highly regarded in the industry and has a strong network in the French speaking part of Switzerland.

“Christian’s appointment underlines our commitment to further expand and grow our institutional business in the Swiss market, supported by our distinctive actively managed investment solutions.”

In September this year, GAM announced plans to close down five funds managing a total of €258m in assets as part of an ongoing global equity restructuring at the firm.

The funds were: GAM Star (Lux) European Alpha, GAM Absolute Return Europe Equity, GAM Star (Lux) European Momentum, GAM Star (Lux) Global Alpha, and GAM Star (Lux) Convertible Alpha.

According to the firm, the funds were ‘too small to be managed efficiently or have limited growth prospects’.