Global asset management firm GAM Holding appointed Elmar Zumbuehl as group chief executive officer.

The appointment was announced by the newly elected board of directors.

Having joined GAM in 2010, Zumbuehl was most recently the global chief risk officer and a member of the group management board.

Prior to this, he worked at Julius Baer for 10 years in senior roles, including in its asset management business, of which GAM was part.