Who's Moving Where In Wealth Management? – Legatum, GAM, Gramercy

Editorial Staff

1 April 2025

Legatum
Mark Stoleson, the CEO of through which the US firm will become delegate manager for all of GAM's emerging debt investment strategies.

The arrangement is subject to customary regulatory approvals.

Gramercy, which was founded in 1998, oversees $6 billion in assets under management. It has offices around the world, including West Palm Beach (Florida), Greenwich (Connecticut), London (England), Buenos Aires (Argentina), Miami (Florida), and Mexico City (Mexico).

Gramercy’s deputy chief investment officer and head of emerging market debt, Philip Meier, will be an “integral component” of the investment management of GAM’s emerging market debt strategies.

Paul McNamara, GAM's investment director for EM Debt, has decided to retire after 28 years in the asset management industry. Markus Heider, investment manager, will remain with GAM as it switches to working with Gramercy.