GAM Investments has partnered with Gramercy Funds Management, designating Gramercy as the delegate investment manager for GAM’s emerging market debt (EM Debt) strategies.
The partnership is subject to regulatory approvals.
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It is intended to offer GAM’s clients enhanced access to investment specialists for its EM vehicles.
Gramercy, with $6bn in assets under management, has offices in key financial centres and dedicated lending platforms in multiple emerging economies.
Philip Meier, deputy chief investment officer and head of EM Debt at Gramercy, will play a crucial role in managing GAM’s EM Debt strategies.
An emerging markets expert, Meier has been in the investment space for over 18 years.
Meanwhile, Paul McNamara, investment director for EM Debt at GAM, will retire after a 28-year career in asset management.
McNamara said: “As I prepare for my retirement, I look forward to an orderly handover to Gramercy’s experienced team, and I am confident that they will deliver excellent results and market insights for our clients.”
Markus Heider, investment manager at GAM, will also play a key role during this transition, focusing on client relations.
GAM Group CEO Elmar Zumbuehl said: “On behalf of GAM and our investors, I would like to thank Paul for his dedicated service and camaraderie over the years.
“We wish him all the very best in his retirement. As we move forward, we are delighted to embark on this strategic partnership with Gramercy, leveraging their extensive experience in emerging markets.”
In 2022, Kudu Investment Management purchased a minority stake in Gramercy.
