GAM appoints new Group Chief Distribution Officer

GAM has appointed a new distribution chief as it looks to build on its recent repositioning.

Tim Rainsford will become the new Group Chief Distribution Officer at the asset manager on 1 October.

He joins from Generali Investments Partners, where he has been Global Head of Product and Distribution since 2020, also holding the position of CEO of the division from 2021 to 2023.

The new role sees Tim returning to GAM, where he held the role of Group Head of Sales and Distribution at GAM Investments from 2017 to 2020.

Prior to this, he worked for ten years at Man Group, most recently as Global Head of Sales and Marketing.

The news came as GAM also appointed a new Group CEO, Albert Saporta, who has previously worked at Merill Lynch, UBS and ABN.

The firm has spent the last 21 months repositioning to shed non-core businesses and build a more scalable platform for investors.