People Moves
Asset Management House Taps Industry Veteran As Singapore-Based CIO
Gary Dugan, a familiar figure in the Middle East wealth management sector, has relocated to Singapore to start this new CEO role.
A prominent wealth management figure in Asia and the Middle East,
Gary Dugan, is taking up the position of chief executive of
Purple
Asset Management, a new joint venture. Dugan is based in
Singapore.
The JV has been set up by The Fry Group, a
global financial advisory group, and Independent
Strategic Group, a fintech firm specialising in digital
investment management solutions.
The backers of Purple Asset Management intend the business to
grow across Asia and the Middle East.
Dugan, who has relocated to Singapore from Dubai, was most
recently chief investment officer for Namara Wealth Advisors from
July 2017 to July this year; prior to that, he was CIO for
Emirates NDB in the UAE for about 18 months, and before that, was
CIO at National Bank of Abu Dhabi, also for about 18 months. Well
known to this publication and an occasional speaker at its
events, Dugan has also been a CIO for Asia and Middle East at
Coutts.
