Swiss asset manager GAM has said Johannes de Gier chairing the firm’s board of directors will not be candidate to his re-election at GAM’s annual general meeting on 27 April 2017.
De Gier, who has been chairman of GAM since 2002, has decided to retire.
The manager’s board of directors has therefore proposed to re-elect Hugh Scott-Barrett, chairman of the audit committee since 2009, as a member of the board and elect him as chairman.
Also it has proposed to re-elect Diego du Monceau, Nancy Mistretta, Ezra Field and Benjamin Meuli. David Jacob has been proposed to join the board as a new member, subject to customary regulatory approval.
Jacob is currently the chief executive officer of Rogge Global Partners, a global fixed income asset manager acquired by Allianz Global Investors in 2016.
Prior to joining Rogge in 2014, Jacob held a number of roles with Henderson Global Investors for nine years including member of the board of directors and CIO.
Jacob has also been head of Fixed Income, EMEA at UBS Global Asset Management between 2002 and 2004. Formerly he worked at Merrill Lynch Investment Managers and JPMorgan Asset Management.
GAM had assets under management of CHF120.7bn (€113.4bn) as at 31 December 2016.