Global Asset Management has appointed David Smith to the role of chief investment director controlling its multi-manager funds.
Smith will continue to have responsibility for Gam's multi Europe Fund, but he will now also manage the group's flagship multi-manager fund Gam Diversity Inc.
Gam managing director mutual fund division Christopher Cottrell says: "Gam was established to provide its clients with access to the world's best investment talent. One of the best ways of doing this is through multi-manager funds.
"Clients are showing more and more interest in multi-manager funds and Gam's unrivalled experience in this area puts us in an excellent position to capitalise on this interest."