PRESS RELEASE
Ad hoc announcement pursuant to Art. 53 listing rules:
GAM Holding AG’s
GIML is paying a financial penalty of
The GAM Group’s cash, and capital position remains robust. As at the
“Since then we have significantly strengthened our senior management team, governance, control frameworks, policies and training to ensure that all lessons learned from that period are fully embedded into our firm and culture.”
“Our priority has always been, and remains, protecting the best interests of our clients. I am pleased that, after the ARBF funds were put into liquidation in 2018, we were able to return on average, more than 100% of their value to our clients. With all regulatory matters now concluded, we are looking forward and are focused on our strategy of bringing GAM back to growth.”
Upcoming events:
17
For further information please contact:
Global Head of Communications and Investor Relations
T +44 20 7917 2241
Investor Relations Media Relations Media Relations
Jessica Grassi Kathryn Jacques Ute Dehn Christen
T +41 58 426 31 37 T +44 20 7393 8699 T +41 58 426 31 36
Visit us: www.gam.com
Follow us: Twitter and LinkedIn
About GAM
GAM is a leading independent, pure-play asset manager. The company provides active investment solutions and products for institutions, financial intermediaries, and private investors. The core investment business is complemented by private labelling services, which include management company and other support services to third-party asset managers. GAM employed 652 FTEs in 14 countries with investment centres in
Disclaimer regarding forward-looking statements
This press release by
These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions, and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. The Company expressly disclaims any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this press release and any change in the Company’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.
1 Including
2 Including
Attachment
- Ad hoc announcement_
GAM International Management Limited reaches settlement with the FCA_EN
© OMX, source