GAM Holding’s former investment head has found a new role as chief investment officer at Artemis Investment Management, nearly four months after leaving the firm.
Artemis — a £27.5 billion ($36 billion) U.K.-based fund manager — announced Tuesday the hiring of Matthew Beesley Tuesday. Beesley replaces Peter Saacke, who twice served as investment chief: first from 2007 through 2011 and again starting in 2016. Saacke will remain the firm, but “has decided to step aside from the CIO’s role in order to concentrate on managing money.”
Beesley had served as GAM’s head of investments since 2017, including during the firm’s bond-fund debacle and subsequent asset outflows, and was elevated to its board.
[II Deep Dive: GAM Investments Gates Bond Funds After Surge of Redemption Requests]
Beesley chose to leave the firm last year, according to an announcement from GAM November 29, 2019. The announcement said that he “successfully restructured” the investments team.
Artemis said he begins as CIO April 20.
“I am excited to be joining a firm as promising, ambitious, and client-focused as Artemis,” Beesley said in a statement. “The opportunities for active fund managers are clear.”
Prior to joining GAM in 2017, Beesley served as head of global equities and portfolio management at Henderson Global Investors, partner and portfolio manager at Trinity Street Asset Management, and senior portfolio manager and vice president at JPMorgan Asset Management, the announcement said.
Saacke will oversee Artemis’ global growth fund, global emerging markets fund, and institutional global capital fund, having joined as a fund manager in 2002.
“Peter will stand down from the role of CIO with our thanks for all he has done,” said Mark Murray, Artemis senior partner, in a statement. “I am delighted that we will be welcoming Matthew as our new CIO. His experience and record speak for themselves.”
