GAM still looking to expand

Global Asset Management (GAM), a unit of UBS, had assets under management globally of $12 billion in January 2000. That figure now stands at $21 billion. This is significant growth by any measure. However, David Lam, managing director of Asian clients in Hong Kong, maintains that there is still room for expansion. In Hong Kong a sales team of eight looks after the region, a number he is looking to increase, despite having recently added ex-Goldmanite Alyce Su to look after Taiwan.