GAM Holding AG announces first steps in turnaround. Group Management Board (GMB) strengthened with new appointments focused on growing the business and a return to profitability. The appointments to the GMB reflect the deep bench of talent at GAM.

All the newly appointed members have the relevant experience to lead the implementation of GAM?s turnaround under the overall leadership of Elmar Zumbuehl and oversight of the Board of Directors. Richard McNamara, Group CFO: Richard McNamara was appointed group chief financial officer and became a member of GAM Holding AG?s Group Management Board in 2015. After a short break in 2022, Richard returned in early 2023 in an interim position to help support the process of securing a strategic outcome for the firm.

Richard has now re-joined GAM as group CFO and a member of the GMB. Before joining GAM Richard had been at Henderson Group since 2009 in various roles including managing director, finance. Prior to Henderson, Richard held senior finance roles at Western Asset Management, Legg Mason and Citigroup Asset Management.

Richard is a chartered accountant and holds a BA (Hons) in finance and accounting from Brighton University. He started his career at PricewaterhouseCoopers where he was a senior manager in the investment management industry group. Richard is a UK citizen.