GAM rebuilds board; announces new strategy plan

Ridhima Sharma
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Peter Sanderson, GAM Group CEO
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Peter Sanderson, GAM Group CEO

After another year of losses, GAM is once again restructuring the top management. 2019 resulted in a consolidated loss of CHF 3.5m, compared to a loss of CHF 916.8m in the catastrophic year 2018. Group Management Board (GMB) will receive no bonus for 2019 and CEO Pete Sanderson (picture above) has requested to forego a contractual fixed cash award due this year. Also BoB will propose no dividend for the financial year 2019, the bank announced.  Thomas Schneider will be proposed at the n...

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