GAM's private client unit has enlisted two independent experts with extensive experience of tackling the financial crisis, for a newly-created investment advisory board its chairman says will help "deal effectively with the formidable challenges that financial markets continue to present".
GAM’s private client unit has enlisted two independent experts with extensive experience of tackling the financial crisis, for a newly-created investment advisory board its chairman says will help “deal effectively with the formidable challenges that financial markets continue to present”.
The chairman will be Graham Wainer (pictured), GAM’s global head of investments, managed portfolios.
Joining him are independent, global strategists, James Aitken, who founded consultancy Aitken Advisors in 2009, and Graham Turner, founder of GFC Economics a decade earlier.
Aitken brings extensive experience of the workings of the financial system, and how these might affect the global economy. In this vein, in late 2010 he co-authored with a senior International Monetary Fund economist a working paper for the IMF on shadow banking and rehypothecation.
He has worked at AIG Financial Products and UBS.
Turner has written books, dealing mainly with the global financial crisis and its aftermath. They are called Credit Crunch and No Way to Run an Economy.
Joining them, from GAM, will be three experts in various asset classes.
Tim Haywood brings experience mainly in fixed income investing.
Anthony Lawler has extensive background in hedge funds including at Man Group.
Niall Gallagher has a wide knowledge, built up at T Rowe Price and BlackRock before GAM, in European equities – another asset in some turbulence at present.
The board will determine general investment strategy, asset allocation and positioning across fixed income, currencies, equities and alternative investments for GAM’s discretionary managed portfolio assets.
Wainer said: “By bringing together this highly respected group of experienced investors we will considerably strengthen our understanding of market dynamics and the opportunities they create across the investment spectrum.
“This in turn will enable us to make well-informed investment decisions and enhance the overall investment results we deliver to our clients.”