GAM Investments has appointed Sophie McFadyen as senior manager for its institutional business in Australia.
McFadyen is based in Sydney and will report to the company’s Australia head Alex Zaika.
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In this new role, she will focus on growing and servicing the institutional market in Australia.
McFadyen joins GAM from BlackRock, where she was vice president in the client business team with a focus on institutional and wealth clients across Australia and New Zealand.
She previously also worked at Credit Suisse in prime services, specialising in prime brokerage sales in the hedge fund space.
GAM said the new appointment will further expand its local presence and strengthen its relationships with institutions across Australia and New Zealand.
The new hiring follows the expansion of GAM’s local product offering to include a flexible emerging market bond strategy that seeks to actively reduce FX volatility.
The company also secured an insurance-linked securities mandate from an Australian institution recently.
Zaika said: “We are delighted to welcome Sophie, who will further support GAM’s growth in Australia and New Zealand with our differentiated investment solutions. She is highly regarded in the industry and I’m excited to be working with her again.”
Last month, GAM Investments set up a new office in Singapore to capitalise on the growing wealth in the Asian market.
The firm also hired Terence Bong to oversee client activities for Singapore and the South East Asia region.
This January, GAM, in a strategic step, expanded its Nordic footprint by setting up an office in Copenhagen.
