Asset management group GAM Holding has expanded its group management board (GMB) to include the role of group head of investments.
As a result, Matthew Beesley will be inducted into the GMB as the investment head, subject to customary regulatory process.
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Joined GAM in March 2017, Beesley was associated in implementing the company’s strategy to bolster its investments business as a globally consistent investment management platform.
Earlier, Beesley was with Henderson Global Investors serving as the head of Global Equities for five years.
The company expects that the management board expansion will help to improve operational efficiency as well as comply with the necessary global regulatory changes.
GAM also announced that the current compliance head Natalie Baylis will step down at the end of this month. She was serving as the Group Head of Compliance since June this year.
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By GlobalDataIt also added that David will join as the as interim Group Head of Compliance on 1 October, directly reporting to Group CEO Alexander Friedman.
Kemp will work with group general counsel and GMB member Rachel Wheeler.
Previously, Kemp was with Schroders serving as General Counsel, Asset and Wealth Management.
GAM Group CEO Alexander Friedman said: “Since joining GAM in 2017, Matthew has been integral in strengthening and centralising our investment team support, and his appointment to the GMB underscores the importance of implementing our investments strategy.
“Rachel has now taken up her role as Group General Counsel bringing significant industry and corporate governance experience to the firm and already her deep knowledge and expertise is having a great impact.
“We will be sad to see Natalie go and we all wish her the best for the future. I am pleased that we have been able to ensure a smooth transition at this important time, with David joining to lead our global compliance function as we continue to enhance our control and support capabilities.”
