Trading

GAM adds global head of trading

Juan Landazabal was named global head of trading at GAM, a spokeswoman said.

The role is new. Mr. Landazabal focuses on trading infrastructure, strategy and counterparty relationships across equity, fixed income and foreign exchange. He will report to Matthew Beesley, head of investments.

"(Mr. Landazabal's) extensive expertise and knowledge of capital markets will be of considerable value as we invest to build a more efficient, robust and scalable operating platform that is aligned with our growth ambitions," Mr. Beesley said in a news release. "His appointment reflects our commitment to evolving our execution platform accordingly, and our aim to deliver excellent investment outcomes for all of our clients."

Mr. Landazabal was global head of fixed-income and foreign-exchange trading at DWS. A spokesman could not be reached by press time to comment about a replacement.

GAM has 163.8 billion Swiss francs ($192.6 billion) in assets under management.