GAM raids Quilter to beef up DFM capability

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GAM has poached two Quilter executives as the global investment manager looks to expand its discretionary fund management (DFM) capability and develop outsourcing solutions for UK IFAs.

Charles Hepworth, currently head of Quilter's Managed Portfolio Services (MPS) and James McDaid, a senior associate in MPS, will join GAM in the second quarter of this year in the roles of investment director and investment manager respectively. They will form part of a team providing actively managed multi-asset solutions to UK advisers. The DFM solution will be provided to advisers via two offerings managed by Hepworth and McDaid: a set of model portfolios covering a broad range of risk profiles and a customised portfolio service providing clients with tailored multi-asset solutions...

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