The New York-listed company has rejigged its management team.

Associated Capital Group has appointed Douglas Jamieson as president and chief executive, replacing Marc Gabelli as president and Mario Gabelli as CEO.

The reshuffle comes after GAMCO Investors’ spin-off of AC, which now includes GAMCO’s alternative investment management business, its institutional research services business and financial assets.

Mario Gabelli, founder and CEO of GAMCO Investors, will serve as executive chairman of AC, while Marc Gabelli will retain his role as a group portfolio manager and an executive of GGCP, the parent of the group. He has held those roles since 1994. 

Meanwhile, Agnes Mullady has been named executive vice president and will oversee AC’s UCITS offering. Mullady joined the Gabelli Funds division in 2005 and is currently its president and COO. She will remain as senior vice president of GAMCO Investors.

As part of the shake-up, Douglas Jamieson will no longer serve as president and COO of GAMCO Investors, a role he has held since 2004. He will continue as president and COO of GAMCO Asset Management, GAMCO’s institutional and private wealth management business. Jamieson and Mullady will report to Mario Gabelli.