UK markets open in 1 hour 27 minutes

GAM Holding AG (0QN3.IL)

IOB - IOB Delayed price. Currency in CHF
Add to watchlist
0.8690-0.0670 (-7.16%)
At close: 05:18PM BST
Full screen
Loading interactive chart…
  • Reuters

    Swiss group GAM steps up cost cuts as assets slump

    GAM Holding will accelerate its cost-cutting measures, the Swiss asset manager said on Wednesday, after it posted a first-half loss as its assets under management plunged in tough markets. GAM had a net loss of 275.2 million Swiss francs ($288 million) under IFRS accounting standards after booking a non-cash impairment charge of 263.6 million francs related to intangible brand value created by the acquisition of GAM by Julius Baer in 2005. Last month, the asset manager forecast a loss, given its total assets under management fell to 83.2 billion francs at the end of June, from 99.9 billion at the end of 2021.

  • Globe Newswire

    GAM Holding AG announces appointment of new Group Chief Financial Officer

    Sally Orton Group CFO GAM Holding AG 03 August 2022 PRESS RELEASE Ad hoc announcement pursuant to Art. 53 Listing Rules: GAM Holding AG announces appointment of new Group Chief Financial Officer GAM Holding AG has announced that it will appoint Sally Orton, currently Deputy Chief Financial Officer (CFO), as Group CFO and a member of the Group Management Board (GMB). This follows Richard McNamara’s decision to step down from his role. Richard has been Group CFO since 2015 and will leave the firm

  • Globe Newswire

    GAM Holding AG provides an update on the Group’s expected first half 2022 results

    18 July 2022 PRESS RELEASE Ad hoc announcement pursuant to Art. 53 Listing Rules: GAM Holding AG provides an update on the Group’s expected first half 2022 results The volatile market environment has led to a decline in the Group’s assets under management and as a result, the Group expects to recognise a non-cash impairment charge related to intangible assets. It is anticipated that this would result in a reduction in the Group’s expected IFRS results for first half of 2022 compared to the first