Gam Investments former group head of sales and distribution Tim Rainsford is joining Generali Investment Partners in September.
Rainsford (pictured) will become global head of sales at the Italian asset manager tasked with leading the firm’s commercial development in key markets and expanding into new ones.
He will lead a global team of sales professionals based in Italy, France and Germany.
It follows the announcement last week that Blackrock’s Jeremy Roberts is joining Gam in September as global head of distribution to fill Rainsford’s old role. This followed the departure of Gam head of UK distribution Douglas Branson who joined Algebris Capital on 1 July.
In early April Gam announced plans to reduce its headcount to 680 full-time employees by the end of the year, down from 817 at the end of 2019. The firm had already cut 10% of its workforce in 2019.
At Generali IP, Rainsford will report to chief executive Carlo Trabattoni.
Trabanotti said: “Tim’s top-notch expertise in sales and marketing at international and structured investment companies, as well as his deep knowledge of the global asset management industry, will be pivotal to further develop our unique and diversified sales proposition, and to strengthen our ability to create long-term value for clients.”
Rainsford was responsible for marketing and sales at Gam. Before that he spent 13 years at Man Investments, including stints as senior managing director, head of European sales and global co-head of sales and marketing.
Generali IP group chief investment officer and chief executive of asset and wealth management Timothy Ryan said: “We are very pleased to welcome Tim in our group, a strategic appointment that will support the implementation of our multi-boutique strategy.”
