Core Insights - GAM Investments has appointed Karim Carmoun as Managing Director to lead its operations in France, Benelux, and Monaco, marking a significant step in its European growth strategy [1][2] - The appointment is supported by NJJ Holding SA, the private investment group of French entrepreneur Xavier Niel, who is also GAM's majority shareholder [2] - Under new leadership, GAM is focusing on its Specialist Active, Alternatives, and Wealth Management capabilities, aiming to provide clients with access to top-tier investment talent and differentiated strategies [3][4] Company Strategy - GAM's strategy involves combining in-house expertise with high-quality partnerships to connect professional investors to unique sources of return, supported by a global distribution platform [3][6] - The firm aims to re-establish its presence in strategically important markets such as France, Benelux, and Monaco, leveraging Karim's extensive experience in asset management [5][4] - GAM's investment focus includes high-conviction equity, multi-asset, and fixed income strategies, as well as hedge funds, alternative credit, insurance-linked securities, and private markets [5][6] Leadership Background - Karim Carmoun brings over 20 years of experience in asset management, having previously served as CEO of Robeco France and held senior roles at Fidelity, Crédit Agricole, and BNP Paribas [4][5] - His client-centric approach and ability to navigate market changes are expected to enhance GAM's relationships with professional clients in the region [4][5] Company Overview - GAM Investments is a global investment platform with total assets under management of CHF 16.3 billion as of December 31, 2024, and operates in 14 countries [7] - The firm is headquartered in Zurich and was founded in 1983, focusing on delivering distinctive investment solutions across its Investment and Wealth Management businesses [7]