GAM has promoted Chris Longworth to the head of its systematic unit as part of a broader refresh of the team.

The Switzerland-based firm said Longworth, who joined GAM in 2010, would replace previous head of systematic, Anthony Lawler, who left the firm in March 2022 and has since become CIO and CEO of London-based hedge fund manager Cadwyn Capital.

Lawler had led various changes within the systematic unit at the start of 2021, including shuttering several strategies and cutting headcount.

Alongside the announcement, GAM revealed Danny Dhingra would join the systematic core macro team and report to Longworth.

Dhingra, who joined GAM in 2016, will provide the team with additional systematic experience, contribute research on core macro and continue to lead the GAM systematic commodities strategy.

Guglielmo Mazzola, the head of systematic investments specialists who joined GAM last year, will now also report to Longworth.

Longworth said the changes represent a "significant strengthening of our systematic team".

GAM is not the only firm to recently revamp its systematic, or quant, team. In February, BNP Paribas Asset Management merged its quant and ETF teams.

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