GAM appoints Larry Hatheway as new Group Chief Economist
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GAM Holding AG /
GAM appoints Larry Hatheway as new Group Chief Economist
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* Larry Hatheway to join GAM as Group Chief Economist
* In this newly created senior role, Hatheway will lead a centralised
macroeconomic competency for GAM's multi-asset-class solutions (MACS)
business, and complement the specialised expertise of the company's diverse
individual investment teams
GAM today announced that Larry Hatheway will join the Group in the newly created
role of Group Chief Economist. Hatheway will play a key role in asset allocation
in the MACS business and lead a robust centralised economic resource for the
Group's investment teams.
Larry Hatheway will work closely with Graham Wainer, Group Head of Investments -
MACS, and the MACS Investment Team, to help determine its global asset
allocation strategy as it applies to pension funds, high-net worth individuals,
family offices, charities, endowments and their advisors.
As a recognised economics thought-leader, he will also serve as a key resource
for GAM's individual investment teams, as they work independently in defining
and executing their strategies.
Hatheway is one of the world's leading macroeconomists and asset allocation
experts and has decades of experience covering an extensive range of global
topics, including the state of de-leveraging, fiscal and structural adjustment
in advanced economies, trend growth drivers in emerging economies, and the
fundamental determinants of profitability and capital returns. In line with
GAM's strategic objective to grow its MACS business, Hatheway's deep expertise
will add broadly to the Group's value proposition.
Alexander Friedman, Group CEO, said: "Larry is an exceptional investment
professional who is one of both the top economists and asset allocators in the
industry. He will be a tremendous asset to GAM and to our clients. Increasingly,
clients look not only for investment solutions and asset allocation decisions,
but also deep insight into market dynamics. Larry's experience and stellar
reputation will ensure that we bolster our multi-asset offering and continue to
build on GAM's reputation as a home for some of the leading investors in our
industry."
Larry Hatheway said: "GAM is one of the best high-conviction active investment
firms in the industry and I am delighted to be joining a growing entrepreneurial
company that values independent thinking so highly."
Graham Wainer said: "Markets continue to present formidable challenges and
opportunities. Larry's extensive macroeconomic knowledge and investment
expertise will meaningfully enhance our existing capabilities in determining
profitable strategies for our various MACS clients."
Ends.
Larry Hatheway biography
Mr. Larry Hatheway was formerly Managing Director and Chief Economist at UBS
Investment Bank. Mr. Hatheway was UBS's Global Head of Macro Strategy from 2008
to 2012 and Global Head of Asset Allocation from 2000 to 2012. He was also UBS's
Global Head of Fixed Income and Currency Strategy. Before UBS, Mr Hatheway held
roles at the Federal Reserve, Citibank and Manufacturers Hanover Trust. Mr.
Hatheway completed his PhD in Economics at the University of Texas in 1992. He
holds an MA from the Johns Hopkins University and a BA from Whitman College.
For further information please contact:
Media Relations
Stacey Coglan Marc Duckeck
T: +44 (0) 207 393 8656 T: +41 (0) 58 426 6265
Investor Relations
Patrick Zuppiger
T: +41 58 426 31 36
Visit us at: www.gam.com
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About GAM
GAM is one of the world's leading independent, pure-play asset managers. It
provides active investment solutions and products for institutions, financial
intermediaries and private investors, under two brands, GAM and Julius Baer
Funds. Its core investment business is complemented by private labelling
services, which include fund administration and other support services to third-
party institutions. GAM employs over 1,000 people in 11 countries with
investment centres in London, Zurich, Hong Kong, New York, Lugano and Milan. The
investment managers are supported by an extensive global distribution network.
Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a
component of the Swiss Market Index Mid (SMIM) with the symbol 'GAM'. The Group
has assets under management of CHF 124.2 billion (USD 132.8 billion)*.
* Source: GAM. Data as at 30 June 2015.
English Press Release:
http://hugin.info/142256/R/1950086/708897.pdf
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Source: GAM Holding AG via GlobeNewswire
[HUG#1950086]
Unternehmensinformation / Kurzprofil:
Datum: 07.09.2015 - 08:30 Uhr
Sprache: Deutsch
News-ID 418278
Anzahl Zeichen: 5849
contact information:
Town:
Zürich
Kategorie:
Business News
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