Wealth and Asset Management
GAM profits slump
Underlying profit before taxes 46% lower versus H1 2015, in line with the expected reduction as communicated on 14 June 2016, and 43% lower versus H2 2015 – all largely due to reduced performance fees IFRS net profit at CHF 53.3 million, 34% lower versus H1 2015 and 7% lower…
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