Swiss money manager GAM has appointed Natalie Baylis to the newly created role of group head of compliance.
Baylis will assume the new responsibility in June 2018 and will also join the group management board, subject to regulatory approval.
Go deeper with GlobalData
Baylis previously served as the chief counsel for markets, wholesale, funds and prudential regulation at UK’s Financial Conduct Authority (FCA), a role she held since 2013.
Before joining the general counsel division at FCA in 2006, she worked as a barrister specialised in commercial law for a decade.
GAM group CEO Alexander Friedman said: “The newly created role of the group head of compliance underlines the importance of this function to the Group, and Natalie’s extensive experience will ensure GAM maintains compliance with best practices in the changing regulatory environment.”
In addition, the firm also announced the immediate departure of its group general counsel Dirk Spiegel.
Spiegel, who plans to pursue other opportunities, is also stepping down from the group management board.
The firm’s general counsel US Kenneth Dursht will replace Spiegel on an interim basis.
