GBAM describes itself as a “self-help group” and said it hopes to enable its members to compete more effectively internationally with more dominant global players and to “foster cooperation among themselves to increase their competitiveness”.
“During the last year and a half I have had the opportunity to talk with many boutiques managers around the world and realised that we are facing the same opportunities and threats,” said José Luis Jimenez chief executive of asset manager March Gestión de Fondos who led the group’s first meeting.
“It therefore became obvious that in order to take advantage of these opportunities boutique managers do not have to continuously “reinvent the wheel” by each seeking the same information. Instead they can tap into a trusted network of smart people who can help them take a big jump forward in the development of their business.”
GBAM said attendees at the first meeting included those from Latin America, Europe and Asia but that, having now established the organisation, it wanted to attract other “like minded boutiques”.
