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GAM manager quits for Swiss family office CIO post

GAM manager quits for Swiss family office CIO post

European equity specialist Can Elbi has quit GAM to assume the role of chief investment officer for a Swiss multi-family office, Citywire has learned.

It is understood Elbi ended his near three-year stint with the Zurich-based asset manager at the end of January before joining Nahmani Partners & Cie shortly after.

In his new capacity, Elbi will help inform investment decisions for the group, which was formed by former Lombard Odier Group partner and Zurich branch chairman Richard Nahmani in 2013.

According to company literature, the group, which works across Geneva and Zurich, is one of the largest independent management companies in Switzerland.

Elbi’s move to Nahmani Partners & Cie sees the Julius Baer EF Europe Focus fund taken on by Citywire A-rated Niall Gallagher.

Elbi had run the Luxembourg-domiciled fund since July 2013 when he succeeded Andy Kastner. During his tenure, he had worked alongside Guido Marveggio, before Marveggio stepped back from the fund last summer.

Over the three years to the end of April 2016, the Julius Baer EF Europe Focus fund returned 20% against a rise of 24.6% by its Citywire-assigned benchmark, the FTSE World Europe TR EUR, over the same timeframe.

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