Gary Dugan has been appointed CEO of Purple Asset Management (PAM).
Dugan joined the team in Singapore in November and is tasked to build on the company’s early success since its launch in October 2017. In his new role, he is expected to grow the PAM business across Asia and the Middle East.
Prior to joining PAM, Dugan was the chief investment officer for Namara Wealth Advisors in Dubai. He has more than 35 years of experience in senior investment roles having worked for JP Morgan, Merrill Lynch, Barclays and Coutts previously.
PAM is a joint venture between The Fry Group – a global financial advisory group – and Independent Strategic Group (ISG) - a Fintech firm specialising in digital investment management solutions.
Symon Stickney, group CEO at ISG, said Dugan’s experience and know-how in the private wealth management sector will be a great asset in developing its offering and growing its client base globally.
Last year, PAM launched its discretionary investment services that uses its proprietary process, Quantimental, along with independent digitally-enabled investment research options.
The team selects a range of funds and strategies focusing on wealth preservation, capital appreciation and downside risk management.