Asia

GAM appoints former BlackRock executive as Chief Operating Officer

ZURICH (Reuters) – GAM Investments (GAMH.S) has appointed former BlackRock (BLK.N) executive Steve Rafferty as its new chief operating officer, the Swiss asset manager said on Tuesday.

Rafferty spent 16 years BlackRock, most recently as global COO for the fixed income division, where he was responsible for the operating integrity of the $2 trillion fixed income business, GAM said.

His appointment is effective Nov. 4.

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