GAM Holding, a U.K. asset management company, has hired Natalie Baylis to serve in the newly created role of group head of compliance. She will join GAM in June and become a member of the group management board, pending customary regulatory approval.

Baylis has been working for the U.K.’s Financial Conduct Authority (FCA) as chief counsel for markets, wholesale, funds and prudential regulation since 2013. She joined the FCA’s general counsel division in 2006, working on a variety of regulatory matters. Prior to this, she was a barrister for ten years, specializing in commercial law.

"The newly created role of the group head of compliance underlines the importance of this function to the group, and Natalie’s extensive experience will ensure GAM maintains compliance with best practices in the changing regulatory environment," Group CEO Alexander Friedman said in a statement.

In other news, GAM announced that Dirk Spiegel, group general counsel, has decided to leave the company to pursue other opportunities. He is stepping down from his role and from the Group Management Board with immediate effect. Kenneth Dursht, general counsel, U.S., will serve as the interim group general counsel, and a successor will be announced shortly.