GAM yesterday completed on its deal after reaching in July 2024 a definitive agreement to transfer its management company activities in Ireland, Luxembourg, and the UK to Apex Group Ltd.
The transfer and sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency, to Apex Group is now complete (effective 31 October 2024).
GAM is also on schedule to transfer management company services for its funds in Luxembourg and the UK to Apex Group subsidiaries. This marks a significant step in GAM’s strategy to streamline its operations and focus on its core investment management capabilities for clients.
Apex Group is a leading global provider of financial services with over 13,000 employees globally, offering a global single-source solution providing all services required across the full value chain of the business via one convenient and efficient relationship.
Elmar Zumbuehl, CEO of GAM, said: “We are delighted to announce the successful completion of this transfer to Apex Group. This signifies a pivotal moment for GAM as we streamline our operations to focus on delivering exceptional investment management services to our clients. Partnering with Apex Group empowers us with enhanced operational efficiency and scalability, ensuring we can meet our clients' evolving needs effectively.”
Peter Hughes, founder and CEO of Apex Group, said: "We are thrilled to finalise this transaction with GAM and welcome them into the Apex Group. Our collaboration is a significant milestone that aligns with our mission to provide comprehensive financial services globally. We are committed to leveraging our expertise to support GAM in achieving unparalleled operational efficiency, scale and client satisfaction."
