The British Embassy Reykjavik and GAMMA Capital Management have signed a two-year agreement to offer Chevening Scholarships in Iceland for students intending to study finance-related subjects.

GAMMA, an Icelandic wealth and asset management company with offices in both London and Reykjavik, supports Chevening’s aim of developing leaders who can shape domestic and international affairs, while drawing on their experience and close relationship with the UK. Successful applicants are invited to participate in various events, both in the UK and in Iceland which help them achieve a deeper understanding of UK society, its institutions, policymaking processes, and culture. 

GAMMA was established in 2008 and became the first Icelandic financial institution to commence operations outside of Iceland when it opened its London office in 2015. 

‘Since GAMMA started operating in the UK over two years ago, we have put focus on strengthening the relationship between the two countries in the field of education and culture,’ Gísli Hauksson, CEO of GAMMA, said. ‘It is therefore a great opportunity to participate in supporting Icelandic students in their postgraduate studies in the UK, in collaboration with the Foreign and Commonwealth Office. Many of the best universities in the world are in the UK and it is therefore desirable to study there.’

Chevening has strong links with Iceland; the Icelandic president, Gudni Th. Jóhannesson, is a Chevening Alumnus. 

Michael Nevin, British Ambassador to Iceland, welcomed the agreement. 

‘This is fantastic news,’ he said. ‘GAMMA is an important investor in the UK. Their collaboration with the Embassy helps support the strengthening of links between the UK and Iceland now and for future generations. It fits with the Embassy’s objectives to broaden and deepen our bilateral relationship as part of Global Britain.’

HMA Nevin tweet

He concluded by encouraging eligible candidates from Iceland to apply in advance of the 7 November 2017 deadline. 


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