GAM Appoints Henderson Group's Finance Boss As CFO

Amisha Mehta

1 June 2015

Switzerland-listed asset manager joined shortly after the company’s independent listing and shaped a great number of our management processes and structures – from internal audit to risk and finance. I am very pleased that we will be able to continue to rely on his expertise and experience in the future in his new advisory role,” said GAM's group chief executive, Alexander Friedman.

“Richard will be a great addition to our leadership team and we look forward to working with him. With his in-depth knowledge of the asset management industry and his experience in the implementation of a global M&A strategy, along with his demonstrated strength in running an international finance division, he brings the ideal skillset to help drive the realisation of our growth strategy.”

Earlier this year, the asset manager reported its underlying net profit for 2014 had fallen 16 per cent from the year before.

As of the end of March, GAM managed SFr123.3 billion ($127 billion) of assets, with investment centres in London, Zurich, Hong Kong, New York, Lugano and Milan.