Liontrust’s £96 million offer for GAM Investments was rejected last August following intense discussions amongst stakeholders; Newton Investment’s Paul Markham is set to replace Mark Hawtin upon his departure in May.
Initiatives come following the board’s rejection of Liontrust Asset Management’s offer for the business earlier this year.
The current GAM board is set to stand down at the upcoming Extraordinary General Meeting (EGM), with new directors to be proposed.
Liontrust conditionally agreed to acquire its Swiss competitor GAM Holding for £96 million in May; shareholders currently assessing the offer.
GAM has hired Steve Rafferty who spent 16 years with BlackRock, most recently as global COO for fixed income.
Peter Sanderson to take helm of GAM as group chief executive officer as of 1 September.
The TRADE profiles its Rising Stars of Trading and Execution 2018, starting with Andrew Wynd, Michael Johns, Xavier Leopold, Alexandra Tidy and Joe Moloney.