Industry veteran to further build out capabilities and footprint of the Independent Strategic Group’s joint venture with The Fry Group.
The Fry Group, a global financial advisory group and Independent Strategic Group (ISG), a Fintech firm specialising in digital investment management solutions, has today announced that Gary Dugan will join as CEO of Purple Asset Management (PAM), effective November 2018.
Gary joins the PAM team based in Singapore and will build on PAM’s early success since its launch as a joint venture between The Fry Group and Independent Strategic Group (ISG) in October 2017. The business will draw on his experience of running investment teams for numerous leading financial institutions to take PAM to the next level as an investment service for The Fry Group, growing the PAM business across Asia and the Middle East. Previously based in Dubai, Gary has relocated to Singapore.
A high-profile, well-respected and accomplished investment professional, Gary has more than 35 years’ experience in senior investment roles at some of the leading global financial services providers including JP Morgan, Merrill Lynch, Barclays and Coutts. Most recently, he was Chief Investment Officer for Namara Wealth Advisors in Dubai.
Gary said, “PAM is unique in the way that it blends technology with research to deliver an intellectual, market-leading investment process and proposition. I’m looking forward to joining the team and to leading the expansion of PAM’s investment service to more clients across the region.”
Symon Stickney, Group CEO at Independent Strategic Group, said, “I am delighted to welcome Gary to his new role and look forward to working with him in fulfilling PAM’s exciting potential in Singapore and further abroad in the region. His experience and know-how in the private wealth management sector will be a great asset in developing our offering and growing our client base globally.”
Jeremy Woodley, Chairman and Managing Director, The Fry Group, said: “Gary’s arrival signals a significant step in our journey to grow and enhance our investment proposition. In expanding both our regional presence and our customer solutions, he will help The Fry Group move into its next phase of growth.”