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GAM, an independent investment manager listed in Switzerland, opens second US office, and makes senior appointments.
GAM USA, part of GAM
Investments, has just opened a new office in Miami to meet
growing international client demand. Alejandro Moreno will head
GAM’s new office and lead the development of GAM’s investment
business partnering with international financial institutions
based in Miami, the firm said in a statement.
A local office in Miami will enable GAM to be closer to its
client base and meet increasing demand, with the goal of
supporting both the US and Latin American markets, along with
coordinated efforts from its New York office and other
representation in Montevideo and Santiago de Chile.
The firm highlighted how its relationships and commitment to its
US business has grown since its initial New York office was
established in 1989, and it looks forward to GAM’s Miami office
serving its clients further.
As Florida”s economy and cohort of HNW residents has expanded in
recent years – the state doesn’t have a local income tax – it has
drawn in more attention from North America’s wealth management
sector.
Moves and arrivals
Moreno, has relocated to South Florida to establish the Miami
office, and lead GAM’s US international clients distribution team
based there, the firm added. “Miami’s financial district has
become an important hub for Latin American, European and US
financial institutions serving international clients,” the firm
continued.
Charissa Pal is also joining GAM as a business development
manager in the Miami office. With 20 years of experience in the
asset management sector, she is joining GAM from Alliance
Bernstein, bringing knowledge and understanding of international
clients and their needs.
“Miami is a strategic location for us, as it allows us to be
closer to our clients and provide them with tailored solutions
and excellent service. We have a strong and experienced team in
place, led by Alejandro Moreno, who has been instrumental in
growing our US International business,” Rossen Djounov, global
head of client solutions, said. “We are also excited to
welcome Charissa Pal, who brings a wealth of expertise and
knowledge to our team. We believe that our unique investment
offering, combined with our local presence and global reach, will
enable us to deliver value and performance to our clients.”
Headquartered in Zurich, GAM has total assets under management of
SFr19.0 billion ($22 billion), with offices in 14 countries, and
clients in almost every continent.
This news service is hosting its Second
Annual Miami Family Wealth Report Awards incorporating Latin
America and the Caribbean 2025, on Jan 16, in
Miami.
