Andrew Green, who has been the fund manager of the GAM UK Diversified and the GAM Global Diversified funds for 34 years, will relinquish his duties as lead portfolio manager of the funds at the end of the year, the company announced.
Green will still manage a few mandates and will advise GAM equity teams in the newly-created role of director of global equities strategy.
Chris Morrison and Adrian Gosden will co-manage the GAM UK Diversified fund, effective 1 January 2018.
Gosden joined GAM from Artemis last month while Morrison has worked alongside Green for the past seven years
Also as from 1 January 2018, Ali Miremadi will take over management of the GAM Global Diversified fund.
Miremadi joined GAM in 2016 from THS Partners, a global equity specialist that has been a long standing sub-adviser to the GAM Star Worldwide Equity fund.
GAM CEO Alexander Friedman said: “Throughout his professional life spanning nearly 50 years in finance, Andrew has gained legendary status in the industry. He is universally lauded as an outstanding and disciplined investor, a status underscored by numerous awards and accolades throughout his career. His investment philosophy has helped to create GAM’s conviction-led culture, forming one of the core principles on which our brand is built today.”
Green commented: “I was fortunate to join GAM when it was first founded by Gilbert de Botton in 1983, and I look back fondly on those fascinating 34 years with the company. Gilbert’s entrepreneurial spirit and innovative approach to meeting clients’ needs through active management are still at the core of GAM’s DNA. True to these values, Adrian, Chris and Ali are passionate about delivering meaningful returns for clients, and I wish them every success in the future. I look forward to working with GAM in my new advisory capacity.”
Headquartered in Zurich, GAM had CHF131.3bn of assets under management as of end of June 2017.