GAM Holding's recently announced re-organization results in first personal consequences. The current head of investment management of the unit Swiss & Global, Stefan Angele, leaves the organization surprisingly as finew.ch has found out.
Stefan Angele (picture) has so far been the head of investment management at Swiss & Global. In this role he has been supervising the heads of the four investment areas fixed income, equities, multi-asset and commodities.
Due to the re-organization, which has been communicated in mid-January 2013, they will report directly to the CEO David Solo in the future and Angele's duties will thus be omitted.
Swiss & Global has upon request confirmed these findings by finews.ch. A similar structure has already been introduced across the entire GAM group.
Deep regret
Seeing Stefan Angele leaving is a cause of deep regret within the organization, as the investment expert was not only extremely competent, but also highly estimated.
Angele joined Julius Baer as managing director and head asset allocation & fixed income in September 2006 and took over the multi asset class solutions unit of the bank in 2008.As such, he was responsible for a comprehensive range of mandate solutions for private and institutional clients.
Various duties
Previously, he was, amongst other things, head of institutional asset management of Zürcher Kantonalbank (ZKB) and worked at Credit Suisse in portfolio management and private banking.
He holds a degree in economics from the University of Zurich and Swiss and European diplomas in financial analysis and asset management (CEFA).
