9 October 2023
GAM appoints Flavio Cereda as Co-Investment Manager for Luxury Brands strategy
Flavio Cereda has joined GAM as Co-Investment Manager for GAM’s Luxury Brands investment strategy. He will be part of the European Equity team led by Niall Gallagher, Investment Director of the European Equity funds. Flavio joined GAM on 9 October and will be based in London.
Flavio has over 30 years of investment experience in the luxury sector. He has deep knowledge of the brands, their supply chains, distributors and retailers across all markets as well as insights into the sector informed by multi-year social media trend tracking. Flavio has a comprehensive understanding of the Asian market, and in particular China, with a long history of site visits and an extensive network of high-profile local contacts. Flavio also has a track record of working on twelve IPOs in the sector including Moncler, Brunello Cucinelli, MyTheresa and Ferragamo.
Prior to joining GAM, Flavio had been Head of Luxury Goods Research at Jefferies International since 2017. His previous experience includes eleven years at Bank of America Merrill Lynch where he was Managing Director EMEA Equity Research, five years at Lazard Capital Markets where he was Director of Research. Flavio is fluent in English and Italian and holds an MSc from the London School of Economics & Political Science (LSE).
Niall Gallagher, Investment Director European Equities at GAM, said: "I am delighted to welcome Flavio to our team. With his decades of experience in the luxury sector his insight will be invaluable to our clients and we look forward to growing and developing this strategy further.”
Flavio Cereda, Co-Investment Manager Luxury Brands at GAM, said: "I am thrilled to join GAM, in particular to leverage my expertise to work on one of the few actively managed products that focuses on the exciting luxury space which is set to continue to remain the most resilient and fastest-growing segment in the global consumer space.”
Head of Communications and Investor Relations
T +44 7890 386 699
Ute Dehn Christen
T+41 58 426 31 36
Visit us at: www.gam.com
GAM is an independent investment manager that is listed in Switzerland. Total assets under management were CHF 68 billion as at 30 June 2023, with Investment Management at CHF 21.9 billion and Fund Management Services at CHF 46.1 billion. GAM has global distribution with offices in 14 countries and is geographically diverse with clients in almost every continent. It has 3,500 clients globally, of which c. 2,700 are based in Europe. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland.
Other Important Information
This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, "estimate", "aim", “project”, “forecast”, "risk", “likely”, “intend”, “outlook”, “should”, “could”, "would", “may”, “might”, "will", "continue", "plan", "probability", "indicative", "seek", “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.
Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.
This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. It has been prepared without taking into account the objectives, legal, financial or tax situation and needs of individuals. Before making an investment decision, individuals should consider the appropriateness of the information having regard to their own objectives, legal, financial and tax situation and needs and seek legal, tax and other advice as appropriate for their individual needs and jurisdiction.