Artemis Investment Management has poached former GAM's head of investments Matthew Beesley as chief investment officer (CIO).
Beesley, who will be joining the firm on 20 April 2020, will be replacing Peter Saacke, who is stepping back to focus on the management of the firm's range of three global equity funds.
Artemis's new CIO comes from GAM, where from 2017 he was head of investments. He was also a member of the Group Management Board, Chief Executive (CF3) and a board member of GAM's three largest UK subsidiaries. At GAM, he was responsible for the management and oversight of the equities, fixed income, global investment solutions, real estate debt and systematic investment teams based in London, Zurich, Cambridge, New York, Lugano and Hong Kong.
Prior to his time working at GAM, Beesley held roles including that of head of global equities and portfolio manager at Henderson Global Investors; partner and portfolio manager at Trinity Street Asset Management; senior portfolio manager and vice-president at JP Morgan Asset Management; and a portfolio manager at Mercury/Merrill Lynch Asset Management.
Artemis' senior partner Mark Murray, said: "Peter will stand down from the role of CIO with our thanks for all he has done. I am delighted that we will be welcoming Matthew as our new CIO. His experience and record speak for themselves."
Matthew Beesley added: "I am excited to be joining a firm as promising, ambitious and client-focused as Artemis.
"The opportunities for active fund managers are clear. Artemis has the skills and enthusiasm to make the most of these; and to meet the needs of its growing number of clients here in the UK, in Europe and beyond."