GAM Holding AG has announced that Matthew Beesley has decided to leave the firm. He joined the firm in 2017 and last year he was appointed to GAM Holding AG's Group Management Board.
Due to Beesley's work successfully restructuring the team, his role as group head of investments will not be replaced. His business management duties will be assumed by the respective heads of the two investment groups: Systematic and Solutions (includes Private Client); and Discretionary.
His responsibilities for front office controls and trading will fall under the remit of Steve Rafferty, Group COO. Beesley will continue to work over the coming months to ensure a smooth transition of his responsibilities.
Beesley did not manage any client money at GAM so his departure will not have any impact on the investment management of our funds or mandates.