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June 22, 2021

GAM strengthens Singapore team with new appointment

By Verdict Staff

GAM Investment has strengthened its Singapore team with the appointment of Nicholas Tan as associate director.

The appointment comes a month after the establishment of a new Singapore office by the Swiss asset manager to capitalise on the growing wealth in the Asian market.

In his role, Tan will oversee the firm’s business development and client relationships in Singapore and the South East Asia region.

He will report to GAM Singapore head Terence Bong, who was recently appointed to the role.

GAM head of APAC Rossen Djounov said that the new appointment will further support the company’s growth in Asia.

Djounov said: “Nicholas will be an important addition to the team as we seek to provide the investment leadership, innovation and sustainable thinking to protect and enhance our clients’ financial future.”

Tan started his career in 2012 at multi-asset family office Dawe Holdings.

Most recently, he worked at Capital International. He was part of the business development team, with a focus on financial intermediaries in Singapore and South East Asia.

Prior to that, Tan served as an intermediary business development associate at Nikko Asset Management Asia and was responsible for servicing private banks.

Earlier this month, GAM appointed Sophie McFadyen as senior manager for its institutional business in Australia to grow and service the institutional market in Australia.

GAM deepened its net loss in 2020 and pushed back its financial targets to 2024.

The company troubles began after an internal probe revealed breaches in the risk management and record keeping processes of star fund manager Tim Haywood.

Haywood was eventually dismissed while the absolute return bond fund range managed by him was liquidated.

In January this year, GAM expanded its Nordic footprint by setting up an office in Copenhagen.

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