GAM appoints Henderson’s McNamara as new CFO
Zurich-headquartered asset manager GAM has announced the appointment Richard McNamara, currently managing director finance at Henderson Group as new chief financial officer.
McNamara is set to replace Marco Suter, who will step down from his current role as Group CFO and from the Group Management Board by the end of 2015.
McNmara will join GAM and its Group Management Board during the second half of 2015 from Henderson Group, subject to customary approval by Swiss supervisor Finma.
Suter will remain with GAM as senior adviser, first to assist Richard McNamara during the transition period and then to support the company’s CEO and senior management in strategic projects.
Alexander Friedman, Group CEO of GAM, said: “Over the past five years, Marco Suter has been instrumental in taking GAM to where it is today. He joined shortly after the company’s independent listing and shaped a great number of our management processes and structures – from internal audit to risk and finance. I am very pleased that we will be able to continue to rely on his expertise and experience in the future in his new advisory role.
As his successor, Richard will be a great addition to our leadership team and we look forward to working with him. With his in-depth knowledge of the asset management industry and his experience in the implementation of a global M&A strategy, along with his demonstrated strength in running an international finance division, he brings the ideal skillset to help drive the realisation of our growth strategy.”
McNamara joined Henderson in 2009 as head of Group Finance, focussing on the finance’s and financial operations of the Group, including its M&A activity. In December 2013, he took on the new responsibility for Finance and Treasury, Tax, Investor Relations, Facilities and Procurement.
Prior to his roles at Henderson Group, Richard held senior finance roles at Western Asset Management, Legg Mason and Citigroup Asset Management.