Wealth and Asset Management
Swiss asset manager GAM doubles 2020 cost cuts amid outflows
GAM Holding AG has announced an acceleration of its efficiency programme with total cost reductions of at least CHF 65 million in 2020 Assets under management of CHF 112.1 billion1 as at 31 March 2020 down from CHF 132.7 billion1 at the end of 2019; mainly driven by overall negative…
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