Gilbert de Botton

Gilbert de Botton, founding chairman of Global Asset Management, has died aged 65. De Botton, who d...

Gilbert de Botton, founding chairman of Global Asset Management, has died aged 65. De Botton, who died of a heart attack, set up GAM in 1983 with 40% backing from Lord Rothschild, starting with around £1m in assets under management. This had grown to $13.9bn by 1999 when the group was sold to UBS, with de Botton feeling that the group needed a large parent to develop further. GAM became one of the first investment firms to move into internet private banking as well as offering a range of retail funds. At the beginning of his career de Botton worked for firms including S G Warburg and in 1...