David Solo, the former head of GAM, is still doing business with his former employer – and, more crucially perhaps, with investment manager Tim Haywood. The old network has now caught up with GAM.

David Solo and Tim Haywood were close for years. Haywood, the suspended fund manager of GAM, was already with Julius Baer when Solo joined the private bank from UBS thanks to the sale of GAM.

As CEO of GAM, Solo helped Haywood found his own asset management firm Augustus by management buyout – and saved him at the height of the financial crisis in 2009, when he bought the firm back. From then on, Haywood became one of the best performers in the GAM of Solo, thanks to his great loans strategies. In 2014, Solo left the job and passed on the torch to Alex Friedman.

Keeping in Touch

Tim Haywood

That wasn’t the end of the connection between Solo and Haywood (pictured above) though. Solo joined Greensill as a senior adviser for Switzerland – and used his good relations with Haywood in his new job.

In 2016, GAM and Greensill launched a funds, the GAM Greensill Supply Chain Finance Fund (GAMSCFB). Haywood was in charge of this fund until his suspension.

Bulk Risk