ZKB to acquire GAM precious metals funds & money market business

Ridhima Sharma
ZKB to acquire GAM precious metals funds & money market business

Zürcher Kantonalbank (ZKB) and GAM Holding AG have announced a transaction between their asset management units. ZKB will take over the investment management and marketing of four Swiss precious metals funds with assets under management of CHF1.8bn from GAM. As part of this transaction, GAM's money market funds with assets under management of CHF0.4bn will also be transferred. The purchase price amounts to CHF14m, which corresponds to around 0.6 % of the acquired assets. No GAM employee...

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