Top GAM heads resign amid senior reshuffle

Top GAM heads David Dowsett and Jeremy Roberts have resigned from the firm amid its ongoing reshuffle, International Investment's sister brand Investment Week has learned.

Roberts joined GAM in September 2020 from BlackRock, where he was co-head of EMEA retail sales and head of UK retail, while Dowsett joined GAM in April last year, leading GAM's investment teams. He was previously partner and co-CIO of BlueBay Asset Management.

Last Thursday (19 October), GAM revealed its new senior management line-up following Liontrust's failed takeover attempt.

Dowsett, who was global head of investments, was replaced by Albert Saporta, the director of shareholder group NewGAMe which opposed the proposed takeover by Liontrust.

Meanwhile, Roberts, former global head of distribution, was replaced by Rossen Djounov, who was previously head of Asia at GAM.

GAM's new CEO Elmar Zumbuehl was announced earlier this month.

A GAM spokesperson said: "David has led and supported the investment teams successfully across the business and with clients over the last 18 months. We thank David for the insights, collaboration and great impact he has made and wish him much success for the future.

"GAM's active investment managers and teams have no overall house view and with David's departure, the investment processes, oversight and the investment approach will remain unchanged.

"Over the past 3 years, Jeremy has shown dedication and commitment to put client needs at the front and centre of all activities. We thank Jeremy for his leadership and contributions in and outside of sales and distribution and wish him much success for the future."