The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.
Flavio Cereda has joined GAM as co-investment manager for the firm’s luxury brands investment strategy, effective 9 October. London-based Cereda (pictured) will be part of the European equity team led by Niall Gallagher, investment director of the European equity funds.
Cereda has over 30 years of investment experience in the luxury sector. He has deep knowledge of the brands, their supply chains, distributors and retailers across all markets as well as insights into the sector informed by multi-year social media trend tracking. the firm said in a statement.
Cereda has a comprehensive understanding of the Asian market, in particular China, with a long history of site visits and an extensive network of high-profile local contacts. Cereda also has a track record of working on 12 IPOs in the sector including Moncler, Brunello Cucinelli, MyTheresa and Ferragamo.
Prior to joining GAM, Cereda had been head of luxury goods research at Jefferies International since 2017. His previous experience includes 11 years at Bank of America Merrill Lynch where he was managing director EMEA equity research, and five years at Lazard Capital Markets as director of research. He is fluent in English and Italian and holds an MSc from the London School of Economics and Political Science.
Union Bancaire Privée
Union Bancaire Privée (UBP) has aligned its Asset Management sales organisation with its growing structure and ambitions. it said in a statement.
In this context, UBP has hired Christian Betzel as head of the wholesale EMEA business, effective from 1 October. Betzel has 23 years of experience in the asset management industry, primarily in sales and as head of wholesale. He joined UBP from Wellington Management where he headed the wholesale business for the EMEA region. Betzel previously worked as a sales director at Nordea Asset Management and as a portfolio manager at Bank Schilling.
In addition, Nicolas Delrue is taking on the role of head of institutional sales EMEA alongside his current responsibilities as head of investment specialists. Delrue, who is based in Paris, previously worked as an investment specialist for the convertible bond desk at Fortis investments. From 2005 to 2008 he was investment specialist for the single-strategy hedge fund business at SGAM Alternative Investments. Delrue started his career with analyst positions at the Caisse des Dépots et Consignations and Euronext.
Finally, Christophe Gantenbein, who joined UBP in January 2023 as global head of Private Markets institutional solutions, is now leading Private Markets business development. Gantenbein, who is based in Zurich, joined UBP in January 2023 after more than 12 years at Partners Group where he was a member of management in charge of Client Solutions for European institutional clients. Prior to joining Partners Group in 2010, he started his career in investment banking at Credit Suisse in 2005.
They all report to Nicolas Faller, co-CEO Asset Management.