GAM has announced it is transferring its management company activities in the UK, Ireland, and Luxembourg to Apex Group.

The transfer and sale of GAM Fund Management Ltd, Dublin, including its in-house transfer agency, to Apex Group was completed on 31 October.

GAM is also on schedule to transfer management company services for its funds in the UK and Luxembourg to Apex Group subsidiaries, which was initially agreed in July 2024.

The firm stated that the transfer marked a “significant step” in its strategy to streamline its operations and focus on its core investment management capabilities for clients.

Apex Group was established in 2003, providing services to asset managers, financial institutions, private clients, and family offices across 50 jurisdictions.

GAM, meanwhile, is an independent investment manager listed in Switzerland that delivers investment solutions for its clients across its investment and wealth management businesses.

Commenting on the transfer, GAM CEO, Elmar Zumbuehl, 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.”

Apex Group founder and CEO, Peter Hughes, stated: "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."

---