Swetha Ramachandran

Swetha Ramachandran - Investment Director, Luxury Equities


Swetha Ramachandran, Investment Director, Luxury Equities, is a member of the Global Growth Equity team and has been responsible for managing the luxury brands equity strategy since March 2019.

She has over 20 years of investment experience across Asian and European markets and in consumer stocks. Prior to joining GAM Investments in September 2012, she was a vice president in the Growth Equities asset management arm of Alliance Bernstein, London, and before that, an analyst at Credit Suisse, London and Vigeo (ESG Ratings Agency), Paris. She began her career as an Asian equity analyst at Goldman Sachs in Singapore. Swetha holds a Magistere in French Literature from Université Paris – Sorbonne, Paris, and a BSc (Hons) in Economics from the London School of Economics and Political Science, London. She is based in London.

Swetha Ramachandran

My Insights

Investment Opinions

7 min read

Investing in luxury: a long runway for growth
02 March 2023

Four years on from assuming the management of GAM Investments’ luxury brands equity strategy, Swetha Ramachandran outlines eight reasons why she believes luxury investing has a long runway for growth.

Active Thinking

7 min read

Active Thinking
15 February 2023

At the latest Active Thinking forum, Swetha Ramachandran explains why she expects the Chinese consumer, which forms the engine of the luxury sector, to make a strong comeback in 2023.

Investment Opinions

7 min read

Crouching tiger, leaping rabbit – the reawakening of the Chinese consumer in 2023
01 February 2023

China’s long-awaited reopening following the Covid pandemic, presently underway, is both similar to and different from earlier ones in the US and Europe, as well as China’s own initial reopening in 2020. Jian Shi Cortesi and Swetha Ramachandran outline the drivers and likely beneficiaries of an expected sharp resurgence in Chinese consumption in 2023.

Investment Opinions

1 min read

Luxury Brands 2022 Quiz
20 December 2022

2022 has been a strong year for the luxury industry with consumers making the most of a post-pandemic reality.

My Videos

Active Thinking

4:50 min watch

Luxury Brands – Swetha Ramachandran
14 February 2023

Swetha Ramachandran outlines the impact she believes China’s reopening will have on the luxury sector and explains why she expects the Chinese consumer to embark on a second bout of revenge spending.

Active Thinking

03:21 min watch

Luxury Brands – Swetha Ramachandran
03 November 2022

After luxury brands published strong results in the first half of the year, Swetha Ramachandran looks ahead to Q3 reporting season and highlights the key benefits the sector offers in the current environment.

Active Thinking

5:10 min watch

Luxury Brands – Swetha Ramachandran
21 July 2022

Swetha Ramachandran discusses the luxury sector’s strength in the face of inflation, the sector’s comparatively resilient earnings and a summer of “revenge travel” following Covid.

Active Thinking

3:55 min watch

Luxury Brands – Swetha Ramachandran
09 May 2022

Swetha Ramachandran evaluates the dislocation between valuations and fundamentals in the luxury sector and the strong outlook for luxury travel and sporting goods.