Swiss money manager GAM has appointed Tim Rainsford as new group head of distribution, succeeding Craig Wallis, who will step down from his responsibilities and the firm on 31 December 2016.
Rainsford service will be effective from 1 January 2017, and will be responsible for global sales and marketing and product development.
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Rainsford, who is currently co-head of global sales and marketing at Man Group, has worked in various senior sales and business development roles internationally, and in Asia and Europe. Most recently he served as global co-head of sales and marketing at Man.
GAM group CEO Alexander Friedman said: "Tim Rainsford is a world-class investment management executive, with deep experience in the leadership of global distribution teams, and with a proven business development track record across different geographies and client segments.
“Tim's expertise in selling and marketing sophisticated investment solutions, including quantitative strategies, will be invaluable to our ambitious growth efforts, especially following our recent acquisition of Cantab Capital Partners and the launch of our GAM Systematic platform.
"I would like to thank Craig Wallis for having built our excellent distribution capability over the past 11 years, and for his engaged leadership in the transformation of our operating model, a project he will continue to oversee until its completion,” he added.
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