GAM has hired Natalie Baylis in the newly created role of group head of compliance and will become a member of the group management board, pending customary regulatory approval, effective June.
Ms Baylis has been working for the UK's Financial Conduct Authority (FCA) as chief counsel for markets, wholesale, funds and prudential regulation since 2013. She joined the FCA's general counsel division in 2006, working on a variety of regulatory matters. Prior to this, she was a barrister at 3 Verulam Buildings for 10 years, specialising in commercial law.
Additionally, Dirk Spiegel, group general counsel, has decided to leave the company to pursue other opportunities. He is stepping down from his role and from the group management board with immediate effect. Kenneth Dursht, general counsel US, will serve as a temporary group general counsel, and a successor will be announced shortly.
Headquartered in Zurich, GAM has assets under management of CHF 158.7 billion as at 31 December 2017 and employs over 900 people in 13 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano.