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Press Release

GAM’s Andrew Green to retire from managing funds

Thursday, October 12, 2017

After 34 years managing the GAM UK Diversified and the GAM Global Diversified funds, Andrew Green is stepping down as lead portfolio manager at the end of the year. Andrew will continue to manage a few select mandates and will also provide advice and support to GAM equity teams in the new role of director of global equities strategy.

Effective from 1 January 2018, Chris Morrison and Adrian Gosden will co-manage the GAM UK Diversified fund. Adrian joined GAM in September 2017 with 20 years’ investment experience and is a highly regarded UK equity manager. Chris has been working as an investment manager supporting Andrew Green for the past seven years and has 12 years’ investment experience.

On the same date, Ali Miremadi will take over management of the GAM Global Diversified fund. Ali has 23 years’ investment experience and joined GAM in 2016 from THS Partners, a global equity investment firm that has been a long standing sub-adviser to the GAM Star Worldwide Equity fund.

Group CEO Alexander S. Friedman said: “Throughout his professional life spanning nearly 50 years in finance, Andrew has gained legendary status in the industry. He is universally lauded as an outstanding and disciplined investor, a status underscored by numerous awards and accolades throughout his career. His investment philosophy has helped to create GAM’s conviction-led culture, forming one of the core principles on which our brand is built today.”

Andrew Green said: “I was fortunate to join GAM when it was first founded by Gilbert de Botton in 1983, and I look back fondly on those fascinating 34 years with the company. Gilbert’s entrepreneurial spirit and innovative approach to meeting clients’ needs through active management are still at the core of GAM’s DNA. True to these values, Adrian, Chris and Ali are passionate about delivering meaningful returns for clients, and I wish them every success in the future. I look forward to working with GAM in my new advisory capacity.”

Biographies

Adrian Gosden
Before joining GAM, Adrian Gosden worked for 13 years at Artemis, where he was a partner and fund manager. Adrian co-managed the Artemis Income and Artemis High Income funds as well as income mandates, totalling approximately GBP 10 billion. Prior to joining Artemis in 2003, Adrian managed a number of accounts for institutional clients and co-managed the retail SocGen UK Income fund. He joined Societe Generale Asset Management in 1999 having worked for Fleming Investment Management and Andersen Consulting. He has a first class degree in Chemistry from St Hugh's College, Oxford. Adrian is based in London.

Chris Morrison
Chris Morrison is an investment manager responsible for fund management and investment strategy of UK equities. Since joining GAM 7 years ago, he has concentrated on UK equities and in particular the recovery-oriented UK Diversified fund. Prior to joining GAM, he spent five years at the Bank of Tokyo Mitsubishi UFJ Asset Management UK Ltd where he became a fund manager responsible for running European equity portfolios. Chris Morrison holds a BSc in Economics and Mathematics from the University of Bristol and is a CFA charterholder. He is based in London.

Ali Miremadi
Ali Miremadi is an investment director responsible for running global and European equity funds. He joined GAM in 2016 from THS Partners. Prior to THS Partners, Ali worked at Goldman Sachs in the equities and fixed income divisions, concentrating first on Japanese and European equities and then working as a proprietary trader in the capital structure trading and macro trading groups. He started his career in 1994 as a research analyst at Baring Securities. Ali holds a first class degree in English Literature from Wadham College, Oxford, where he is a member of the investment committee. He became a CFA charterholder in 1998 and is based in London.

For more information please contact:

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About GAM

GAM is one of the world’s leading independent, pure-play asset managers. The company provides active investment solutions and products for institutions, financial intermediaries and private investors. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers. GAM employs over 900 people in 13 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano. The investment managers are supported by an extensive global distribution network.

Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a component of the Swiss Market Index Mid (SMIM) with the symbol ‘GAM’. The Group has assets under management of CHF 131.3 billion (USD 137.1 billion) as at 30 June 2017.

Source: GAM, unless otherwise stated. (Where applicable and, unless otherwise noted, performance is shown net of fees, on a NAV to NAV basis).GAM has not independently verified the information from other sources and no assurance can be given as to whether such information is accurate, true or complete and GAM makes no warranty, expressed or implied, regarding such information. Every effort has been made to ensure the accuracy of the information provided, but GAM cannot be held responsible for any errors or omissions. While every effort has been made to ensure the accuracy of the financial information herein, you should note that some of the information may be based on unaudited or otherwise unverified information.

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SWITZERLAND: The legal documents in German can be obtained free of charge, from the Swiss Representative: GAM Capital Management (Switzerland) Ltd., Hardstrasse 201, CH - 8005 Zurich or on the internet at www.gam.com. Paying Agent is State Street Bank International GmbH, Munich, Zurich Branch, Beethovenstrasse 19, CH-8027 Zurich. IRELAND: The legal documents can be obtained in English, free of charge, from the facilities agent: GAM Fund Management Limited, George’s Court, 54-62 Townsend Street, Dublin 2, Ireland or on the internet at www.gam.com. UK: Copies of the legal documents can be obtained in English, free of charge, from the Authorized Corporate Director: GAM Sterling Management Limited, 20 King Street, London SW1Y 6QY. ASIA PACIFIC: In other countries in Asia Pacific, this material should only be distributed in accordance with the applicable laws in the relevant jurisdiction. HONG KONG: In Hong Kong, this material is restricted to professional investors (as defined in the Securities and Futures Ordinance (Cap 571)) only. JAPAN: In Japan, the funds mentioned herein are not registered for public sale or private placement (except for some of the funds, if applicable) pursuant to the Law on Investment Trusts and Investment Companies and shall not be disclosed publicly pursuant to the Financial Instruments and Exchange Law (the "FIEL"). Therefore, none of the Shares of the funds mentioned herein may be solicited in Japan or to residents in Japan. This material is intended for circulation to professional, institutional and/or qualified investors only. Any person in receipt of this material is not allowed to distribute it to residents in Japan nor communicate to residents in Japan about the funds mentioned herein. SINGAPORE: In Singapore, this material is limited to institutional investors (as defined in the Securities and Futures Act (Cap.289)) (‘SFA’) only and does not constitute to an offer to subscribe for shares in any of the funds mentioned herein. OR for restricted recognized schemes: In Singapore, shares of the fund may only be offered to institutional and accredited investors (as defined in the Securities and Futures Act (Cap.289)) (‘SFA’) and this material is limited to the investors in those categories.

Within the UK, this material has been issued and approved by GAM London Ltd, 20 King Street, London SW1Y 6QY, authorised and regulated by the Financial Conduct Authority.

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