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GAM CEO steps down

Nov 06, 2018 - Marketline Newswire
Board and Executive Moves

Asset manager GAM CEO Alexander Friedman has stepped down after holding the role for four years. The move comes after a troubled period for the Swiss firm.

In August GAM suspended its investment director Tim Haywood after an internal probe revealed breaches in his risk management and record keeping processes.Subsequently, the firm liquidated its unconstrained/absolute return bond funds range managed by Haywood and will return funds to investors.It is unclear whether Friedman's departure...