China and Asian equity specialist Michael Lai (pictured) has become the latest high-profile name to depart GAM, according to Citywire Selector.
Lai, who joined the firm in 1998, will leave the company following a transition period.
Recent recruit Rob Mumford taking over his strategies, according to an internal memo. It is understood Lai will be leaving the funds business.
Mumford, who was hired earlier this year, is based in Hong Kong and sits within the broader EM equity team. He was most recently at MNP Advisers, which is a consultancy servicing asset managers.