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Diversity and Inclusion

Corporate Responsibility

Our mission

Diversity

At GAM, diversity and inclusion are critical to our success. By fostering an environment that embraces diverse perspectives we become better investors and better problem solvers. Embracing diversity nurtures creativity and collaboration. A diverse, inclusive environment makes us good listeners, empathetic to the needs and aspirations of our clients. Lastly, diversity and inclusion are values that attract, develop, and retain exceptional colleagues.

Equality

At GAM we provide equal employment and advancement opportunities for all individuals regardless of age, race, ethnicity, gender, sexuality, disability, religion or other characteristics. We are committed to creating a diverse and inclusive workplace where all individuals feel valued, listened to, treated fairly and respected.

Inclusion

Senior management take specific steps to foster this environment and cultivate inclusiveness through appropriate training at all levels and regions. We pursue diversity initiatives in recruitment, mentoring, training and workplace flexibility. We have signed the Women in Finance Charter, 30% Club and the Diversity Project to accelerate our progress toward our diversity and inclusion goals. We cannot preach inclusion without practicing it. All our staff experiences and perspectives are invaluable to make GAM a more diverse, inclusive and successful company.

Our memberships

GAM has joined the 30% Club to help accelerate our progress with achieving gender balance throughout our organisation. The 30% Club runs a number of very specific and targeted initiatives that look to broaden the pipeline of women at all levels.

GAM has joined the Diversity Project, which aims to achieve an inclusive culture within the investment industry. The benefits to an inclusive culture across all levels supports more effective teamwork, gives wider perspectives, better investment decisions, better results for our clients and ultimately more sustainable business.

GAM has joined InterInvest which is committed to promoting LGBT+ equality, inclusion and understanding throughout the investment industry.

Women in finance

GAM signed the UK Women in Finance Charter in 2018 and joined Ireland’s Women in Finance Charter in 2022. While we were on track to meet our previous gender diversity goal of 25% of senior management positions held by women by 2022, the significant changes to our Board and senior management following the Extraordinary General Meeting in September 2023 mean we currently have an all-male Board and Executive Committee.

The Board intends to recommend to shareholders the appointment of three female Board members at the 2024 AGM.

We are committed to our business representing our diverse client base and the society in which we live and work. We recognise that setting public targets can encourage greater diversity, but it is the actions we take that will determine whether we build a high performing and inclusive culture and workforce.

Jian Shi Cortesi, who manages China and Asia equity strategies at GAM Investments, has once again been selected for Citywire’s list of top 30 female managers. The list is compiled from Citywire’s database of 2108 female fund managers based on managers’ ratings consistency over the last 5 years. This is the fifth year that Jian has featured in the Citywire Alpha Female Top 30 list, having also been included in 2017, 2019, 2020 and 2021.

Read the Citywire Alpha Female Report here.

Stephanie Maier, Global Head of Sustainable and Impact Investment, has been included in Financial News's second annual list of the Fifty Most Influential in Sustainable Finance 2023. The list recognises those with a proven track record in sustainability, as well as individuals who have demonstrated real influence through their roles.

Read more here.

UK Gender Pay Gap

We are strongly committed to building diversity and inclusion across our global business. As a further step on that journey, GAM is disclosing its UK Gender Pay Gap for the first time in respect of 2021.

Although none of GAM’s UK employing entities are required by law to disclose a pay gap, our commitment to diversity and inclusion leads us to undertake and disclose the Gender Pay Gap analysis for our whole UK employee group and to disclose in the same way as our peers. Our initiatives to increase female representation across our global business continue to prove valuable and successful, but we know there is more to do and we continue to focus on driving representation and diversity in our company.

Our actions

Our Diversity & Inclusion Steering Committee and working groups are committed to drive our key actions to support our group initiatives.

What we have done so far:

  • Provided unconscious bias e-learning training to all new staff;
  • Formed group-wide Diversity Steering Committee;
  • Signed the Women in Finance Charter;
  • Joined the "30% club";
  • Joined "The Diversity Project";
  • Reviewed all family-friendly and agile working policies group-wide;
  • Launch mentoring programme

What we plan to do:

  • Regularly report diversity statistics to Board Nomination and Governance Committee;
  • Update hiring policies to support applications from broader talent pool;
  • Launch leadership and management programme;
  • Launch wellness calendar (health and wellbeing awareness)

Gender diversity goals:

  • Board - 30% by 20241
  • Executive Committee (GMB) - 20% by 2026
  • Senior Managers - 25% by 2025

1The Board intends to recommend to shareholders the appointment of three female Board members at the 2024 AGM.

10,000 Black Interns Programme

When we signed up to the 100BlackInterns programme in 2020, its goal was to offer 100 internships to black students across the UK to help kick-start their career in investment management. With only 12 black portfolio managers who currently run money in the UK, it sought to tackle the poor representation of black people in investment roles in the industry.

The founders received an overwhelming response to the initiative with 200 firms making an amazing 450 offers. As a result, the programme has expanded and rebranded, with the new objective to offer 10,000 internships over five years across 24 different sectors involving more than 700 companies. At GAM, we are proud to support this programme.

Asset management is definitely an industry that I now see myself working in. I had a really great experience, which showed me that I’m capable of succeeding in the industry.
Martine Makira, Intern

Investment 2020 UK Trainee Programme

In 2016, GAM joined Investment20/20 and has since welcomed over 30 trainees into various business areas within our UK offices. Investment20/20 was launched in 2013 with the idea to open the doors to a wide range of graduates and school leavers whose aspirations hadn’t previously included a career in Investment Management.

Our trainees join us for 12 months within an assigned department and during this time have the opportunity to undertake courses specific to their business area, as well as to join wider training and education events within GAM and with the Investment20/20 programme.

To support GAM’s commitment to a diverse workplace, the initial shortlisting stage of all applications for our UK Trainee Programme is reviewed blindly, with names and educational background removed from application forms ensuring all applications are assessed based on application form responses only.

Our trainee programme has enabled us to provide opportunities for bright, talented and enthusiastic people to join GAM and our industry.

Join us

People come to work with us because they value our client-focused, collaborative culture.We’re in business to advance the potential of our clients’ capital by making investment decisions that help them achieve their aspirations. That calls for teamwork, integrity, rigour and an entrepreneurial flair across the GAM organisation.  So if you share our ambitions for our clients, we’ll help you take your career ambitions forward.

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