Independent investment manager GAM has concluded a definitive contract to transfer its Management Company activities in Ireland, Luxembourg, and the United Kingdom to Apex Group.
Apex Group employs more than 13,000 people worldwide and is the supplier of financial services. A important step in GAM’s ambition to reduce operations and concentrate on its core investment management expertise for customers.
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This acquisition is subject to all applicable regulatory approvals and customary conditions.
GAM has been giving its clients access to investment expertise since 1983. This talent ranges from high conviction equities to specialised fixed income, multi-asset solutions, and alternatives, and is frequently greatly assisted by its own modern fund management services.
These offerings are increasingly commoditised and more affordable when outsourced, enabling GAM to concentrate on benchmark beating, active investing, and wealth management.
The sale of GAM Fund Management, Dublin (GFML), together with its internal transfer agency function, to Apex Group is included in the agreement to transfer.
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By GlobalDataMoreover, the arrangement also means that GAM and Apex Group will assign equivalent Apex Group entities to provide management company services for GAM funds in Luxembourg and the UK.
Apex Group provides a global single-source solution that includes all services necessary across the entire value chain of the business in one seamless and efficient partnership.
The collaboration with Apex Group will also deliver the following major benefits to GAM and its clients:
- Improved client service: GAM integration with Apex Group’s robust platform will enhance client service by streamlining processes and providing better support.
- Focus on core competencies: GAM can now focus on its core investment management capabilities, ensuring resources are allocated towards achieving client performance.
- Enhanced efficiency: The transfer of management company services allows GAM to streamline its operations, reduce complexity, and enhance operational efficiency.
- Scalability: GAM will enhance its operational scale and market response by utilising Apex Group’s expertise, services, and infrastructure.
Elmar Zumbuehl, CEO of GAM, stated: “This agreement with Apex Group is a testament to our commitment to focus relentlessly on behalf of our clients to do what we do best – providing access to great investment talent, distinctive investment solutions, first-class service, and global distribution. We are confident that this partnership will enhance our capabilities supported by a robust, efficient, and highly scalable operational framework. We look forward to a successful collaboration with Apex Group and the benefits it will bring to our clients and future capabilities.”
Peter Hughes, founder, and CEO of Apex Group added: “Apex Group is a leading global financial services provider offering a full suite of services to the industry and we welcome GAM into the Group. We are extremely pleased to support their strategic objectives. Our expertise in management company services will provide GAM with the operational efficiency and scalability needed to thrive in today’s competitive market. We are excited to embark on this journey together and deliver exceptional value to GAM’s clients.”
The sale of GFML and the transfer of management company services in Luxembourg and the UK is expected to be finalised by the end of the fourth quarter of 2024.
