Gam Investments has appointed a client director to strengthen its UK wholesale team.
Sebastian Maciocia joined the firm on Monday from his previous role as senior vice president at Winton Capital where he launched the company’s business unit focused on the distribution of Ucits strategies to UK financial institutions and intermediaries.
He has more than 13 years’ experience in sales and distribution within the UK asset management industry.
Maciocia will report to head of UK distribution Rob Bailey and focus on the Swiss firm’s business development and servicing London-based clients. His role will be to “deepen relationships” with financial institutions, family offices, private banks, wealth managers, discretionary fund managers and advisers.
“Sebastian has an established reputation in the industry and demonstrable track record of business growth in the UK,” said Bailey.
He added: “We believe Sebastian will be a valuable addition to the team as we continue to harness our capabilities to provide the investment leadership, innovation and sustainable thinking to protect our clients’ financial futures.”
Gam made a number of hires last year for its UK distribution team, poaching Bailey from Axa Investment Managers and Jeremy Roberts as global head of distribution from Blackrock, replacing Douglas Branson and Tim Rainsford respectively.
See also: Gam poaches another Blackrock alumnus to spearhead equity team
In its full-year results released this week, Gam expects to report an underlying loss before tax of approximately CHF 15m (£12.1m) for the full year 2020, compared to a CHF 10.5m underlying profit for the previous year. The firm “accelerated its efficiency program” in April to shore up CHF 65m of total cost reductions for 2020, cutting staff numbers by 16%.
