GAM Transfers Ireland Fund Management Subsidiary to Apex Group

GAM Fund Management completes the transfer of its Irish subsidiary company to Apex Group, enhancing operational efficiency in the financial services sector.

In a significant development within the financial services sector, GAM has successfully finalized its strategic agreement, which was initially established in July 2024, to transfer its management company operations in Ireland, Luxembourg, and the United Kingdom to Apex Group Ltd. This transaction, which encompasses the complete transfer and sale of GAM Fund Management Ltd, based in Dublin—including its proprietary transfer agency—has now been executed, effective as of October 31, 2024.

Moreover, GAM is diligently progressing towards the scheduled transition of its management company services for its funds located in Luxembourg and the UK to subsidiaries of Apex Group. This pivotal move is emblematic of GAM’s overarching strategy to streamline its operational framework, thereby allowing the firm to concentrate more intently on its core competencies in investment management for its clientele.

Apex Group, a preeminent global provider of financial services, boasts a workforce exceeding 13,000 employees worldwide. The firm prides itself on delivering a comprehensive, single-source solution that encompasses all requisite services across the entire value chain of the business, all facilitated through a singular, efficient relationship. This merger not only augments Apex Group's service offerings but also positions GAM to enhance its focus on delivering superior investment management solutions to its clients.