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Niall Gallagher

Niall Gallagher - Investment Director


Niall Gallagher, Investment Director, is responsible for the management of European Equity funds.

Prior to joining GAM Investments in November 2009, he worked as a portfolio manager managing Continental and pan-European equities at T. Rowe Price for two years. Before that, he was at BlackRock for nine years managing both Continental and pan-European equity strategies. He began his career as an economist at the Bank of England. Niall holds a BA in Economics from Manchester Metropolitan University, an MSc in Economics and Finance from Warwick University, and is a CFA charterholder. He is based in London. 

Niall Gallagher

My Insights

Investment Opinions

6 min read

Five reasons to consider: European banks
18 May 2023

GAM Investments’ Niall Gallagher considers why the market remains too pessimistic on European banks and outlines five reasons why he believes the sector represents an opportunity.

Active Thinking

10 min read

Active Thinking
18 January 2023

At GAM Investments’ latest Active Thinking forum, David Dowsett reviews the latest market developments while Niall Gallagher explains why he believes the recent outperformance of the European equity market versus US equities is likely to continue.

Outlook 2023

3 min read

Outlook 2023: Niall Gallagher (European Equities)
December 2022

2022 proved a tumultuous year with energy prices in Europe reaching unprecedented levels following Russia’s invasion of Ukraine, and where inflation returned after a prolonged hiatus.

Investment Opinions

6 min read

What is happening in European energy markets?
25 October 2022

The European energy crisis is on everyone’s minds and has major implications for Europe as a region and European equities as an asset class. This is a fast-moving situation, notes Niall Gallagher, Investment Director, Europe Equities, and the energy transition is far from straightforward.

My Videos

Active Thinking

6:59 min watch

European Equities - Niall Gallagher
24 April 2023

In his latest video update, Niall Gallagher highlights the strong Q1 2023 earnings season for European equities, with earnings growth and capital return in the form of dividends and share buybacks. He also notes a bifurcation in market views between top down and bottom up.

Active Thinking

04:20 min watch

European Equities - Niall Gallagher
03 November 2022

Niall Gallagher discusses a strong Q3 from a bottom-up perspective, while the macro environment posed many challenges, and outlines the expected positive impact of the strong dollar on Q3 and Q4 earnings for European equities.

Active Thinking

1:53 min watch

European Equities - Niall Gallagher
09 May 2022

Niall Gallagher takes a look at the beneficiaries of higher inflation, the strong Q1 company results emerging and which areas can potentially outperform in a rising rate environment.

Active Thinking

2:45 min watch

European Equities - Niall Gallagher
21 January 2022

Niall Gallagher describes 2021 as the year of recovery, believes 2022 could be more complex than last year given the inflation outlook and favours idiosyncratic opportunities exposed to structural growth trends such as decarbonisation.