GAM appoints new chief economist

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GAM has announced that Larry Hatheway will join the Group in the newly created role of Group Chief Economist.

Hatheway will play a key role in asset allocation in the MACS business and lead a robust centralised economic resource for the Group’s investment teams. He will work closely with Graham Wainer, Group Head of Investments - MACS, and the MACS Investment Team, to help determine its global asset allocation strategy as it applies to pension funds, high-net worth individuals, family offices, charities, endowments and their advisors.

As a recognised economics thought-leader, he will also serve as a key resource for GAM’s individual investment teams, as they work independently in defining and executing their strategies.

Hatheway is one of the world’s leading macroeconomists and asset allocation experts and has decades of experience covering an extensive range of global topics, including the state of de-leveraging, fiscal and structural adjustment in advanced economies, trend growth drivers in emerging economies, and the fundamental determinants of profitability and capital returns. In line with GAM’s strategic objective to grow its MACS business, Hatheway’s deep expertise will add broadly to the Group’s value proposition.

Alexander Friedman, Group CEO, said: 'Larry is an exceptional investment professional who is one of both the top economists and asset allocators in the industry. He will be a tremendous asset to GAM and to our clients. Increasingly, clients look not only for investment solutions and asset allocation decisions, but also deep insight into market dynamics. Larry’s experience and stellar reputation will ensure that we bolster our multi-asset offering and continue to build on GAM’s reputation as a home for some of the leading investors in our industry'.

Hatheway said: 'GAM is one of the best high-conviction active investment firms in the industry and I am delighted to be joining a growing entrepreneurial company that values independent thinking so highly'.

Wainer said: 'Markets continue to present formidable challenges and opportunities. Larry’s extensive macroeconomic knowledge and investment expertise will meaningfully enhance our existing capabilities in determining profitable strategies for our various MACS clients'.

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