Asset Management

GAM chief fights back: ‘We are not in a crisis’

‘We are making good progress,’ Elmar Zumbuehl says, but GAM’s patient shareholders will be eager to see his plan work

Can GAM bounce back after tough merger talks?
Can GAM bounce back after tough merger talks? Photo: Alamy

Elmar Zumbuehl was not meant to be GAM’s chief executive.

The former chief risk officer at the Zurich-headquartered asset manager was drafted in at short notice last year instead of Randel Freeman. 

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