Avinash Persaud, the former head of global research and a managing director at State Street Corp., is joining GAM next month as investment director in charge of a global currency fund that will be launched by the end of the year. Persaud issued a statement saying he decided to join the firm because it gives its portfolio managers freedom yet supports them with a strong technological and operations infrastructure.

Persaud is also a professor at Gresham College, a governor of the London School of Economics and a trustee and member of the board of the Global Association of Risk Professionals.

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