The asset manager is bolstering its impact and sustainable focus by poaching an HSBC banker. She is the latest in a string of senior hires in a renewal and recovery push.
Zurich-based GAM is hiring Stephanie Maier as its head of sustainable and impact investing, effective January 4, it said in a statement on Wednesday. Maier is currently at HSBC's asset management arm in responsible investing.
Maier is the latest hire for GAM CEO Peter Sanderson, who is attempting a turnaround of the company following a scandal in a key bond fund. The asset manager is still fighting to stanch withdrawals and get back into the portfolios of its institutional clients, as well as scrambling to slash its spending.
Senior Leaders
Maier will report directly to Sanderson as well as be round out GAM's 20-person senior leadership (only four are formally part of top management). «Covid-19 has served to further reinforce the importance of ESG considerations both to GAM and to our clients,» CEO Sanderson said.
The company had flagged the move in October, but not disclosed Maier's name. Before HSBC, the British banker ran Aviva Investors' responsible investment strategy and research, and prior to that oversaw research at EIRIS, a British consulting firm devoted to environmental, social, and governance issues.
