The latest moves in wealth management around the world.

GAM
After 34 years managing the GAM UK Diversified and the GAM Global Diversified funds, Andrew Green is stepping down as lead portfolio manager at the end of the year, GAM said in a statement.

Green will continue to manage a few select mandates and will also provide advice and support to GAM equity teams in the new role of director of global equities strategy.

Effective from 1 January, Chris Morrison and Adrian Gosden will co-manage the GAM UK Diversified fund. Gosden joined GAM in September 2017 with 20 years’ investment experience. Morrison has been working as an investment manager, supporting Green for the past seven years. He has 12 years’ investment experience.

On the same date, Ali Miremadi will take over management of the GAM Global Diversified fund. Miremadi has 23 years’ investment experience and joined GAM in 2016 from THS Partners, a global equity investment firm.

Raymond James
Raymond James has opened a new London branch which will be headed by former Charles Stanley investment manager Edward Rust, WeathBriefing understands.

The new office is based on Royal Exchange Avenue and will offer bespoke investment and wealth management services to private clients.

Rust spent five years at Charles Stanley as a senior investment manager. Prior to Charles Stanley, he worked at Brewin Dolphin for 20 years prior to that.

The branch will be commercially independent from Raymond James, but will operate under the organisation's name and regulatory umbrella.