Both Charles Hepworth and James McDaid currently work for Quilter and are expected to join GAM in the second quarter of the year.
They will be responsible for developing and managing actively managed multi-asset class solutions for UK IFAs and will join as part of GAM’s expansion of its DFM capability.
Hepworth is an executive director at Quilter and head of the company’s managed portfolio services (MPS), a role he has held since 2001.
Meanwhile, since 2003 McDaid has been senior associate in Quilter’s MPS and is responsible for investment management of private client portfolios and client relationship management.
The new hires will manage both a range of risk-rated model portfolios and a customised portfolio service providing clients with multi-asset solutions tailored to their specific requirements.
GAM believes the new services will tap into advisers’ growing need for investment outsourcing as a result of RDR.
Hepworth will join GAM’s DFM investment committee for managed portfolios and report to Graham Wainer, GAM’s global head of private clients and portfolio management.
McDaid will report to Hepworth, and both will be based in GAM’s London offices.
Wainer said: "With their in-depth understanding of the requirements of UK IFAs, they will be invaluable in leveraging GAM’s existing strategy selection, asset allocation and manager selection expertise for this growing client segment.
“By blending their expertise in running model portfolios with GAM’s long-standing experience in tailored private client assets, we believe we will have a highly attractive solution for advisers and their clients."
