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GAM dealt another blow as compliance head quits

Fund manager is still reeling from the suspension of leading bond manager Tim Haywood

Embattled Swiss asset manager GAM has announced that its group head of compliance is to step down just two months after taking on the role.

Natalie Baylis, who joined the listed asset manager in June from the UK's Financial Conduct Authority, cited “personal reasons” for her decision to leave at the end of October.

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