GAM Investments has promoted Martin Jufer to the new role of global head of wealth management. Sean O’Driscoll, meawhile, will join the firm as chief executive officer of Luxembourg, responsible for the management company and private label funds business. Both appointments, subject to normal regulatory approvals, take effect from August 2.

The firm’s existing private clients business will be rebranded as GAM Wealth Management. GAM plans to grow the capabilities within its recently opened office in Singapore and continue to build its presence in this important and growing market. GAM also plans to deepen its existing capabilities in Switzerland and the United Kingdom while continuing to invest in new technology to support best-in-class client service.

Jufer joined GAM from Julius Baer in 2009 and has been responsible for the private labelling business since 2015. He will provide continuity by remaining on the boards of GAM’s management companies in Switzerland, Luxembourg, Ireland and Italy. He will remain based in Zurich.

GAM Private Labelling is one of the largest bank-independent third-party fund solution providers in Europe with 86.1 billion Swiss francs (US$93.7 billion) of assets under management and over 50 private labelling clients as of December 31 2020.

O’Driscoll, meanwhile, joins GAM from Universal-Investment where he was the country head of Luxembourg and a member of the group management board. He will remain based in Luxembourg and will provide senior leadership there to reflect the importance of Luxembourg within GAM’s business plans.

O’Driscoll has over 27 years of experience in the industry. Before Universal-Investment, he had roles with AXA, BlackRock and State Street in the United States, Ireland and Luxembourg.