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Who's Moving Where In Wealth Management? - Quilter, GAM

Editorial Staff

29 November 2019

Quilter Investors
Taking on the day-to-day running of , a process put in place after the Tim Haywood, who had managed the Absolute Return Bond Fund business, was suspended last year amid claims of misconduct (he was subsequently dismissed). Clients withdrew billions of funds.

"Due to Matt’s work successfully restructuring the team, his role as group head of investments will not be replaced. His business management duties will be assumed by the respective heads of the two investment groups: Systematic and Solutions (includes Private Client); and Discretionary. His responsibilities for front office controls and trading will fall under the remit of Steve Rafferty, Group COO. Matt will continue to work over the coming months to ensure a smooth transition of his responsibilities," GAM said in a statement today.
Beesley did not manage any client money at GAM so his departure will not have any impact on the investment management of its funds or mandates.