The Switzerland-based asset manager has announced new additions to its board.

GAM board reshuffe includes Scott Sullivan stepping down as group general counsel and from the group management board. Dirk Spiegel, currently general counsel for continental Europe, will succeed him.

Sullivan will assume the role of group vice chairman. In that role, he will act as a senior advisor to the group management board and the board of directors.

“I am very appreciative to him [Sullivan] for taking on this new broader role.” said Alexander Friedman, group chief executive of GAM

“Dirk is immensely qualified to take on the role of group general counsel and has proven himself as a key member of GAM’s legal team since joining the company in 2013. His appointment allows for a seamless transition in our legal and compliance function.” he added.

New additions to the group management board include Elmar Zumbuehl and Tim Rainsford. Zumbuehl’s role as group chief risk officer is newly-created. He was previously group head of risk and governance at the firm. Rainsford’s appointment was announced in July. He will join the firm in January from Man Investments where he is global head of sales and marketing.

“The appointment of Elmar to the group management board and the creation of the chief risk officer role underscore the importance of this function to GAM. I look forward to working closely with Elmar, Tim and Dirk. With these appointments, the leadership team is positioned to drive forward our growth initiatives,” Friedman commented.

A spokeperson for GAM was not able to comment on who would be replacing Spiegel as general counsel for continental Europe.