Asset Management

GAM board thrown out after landmark shareholder vote

The move ends months of uncertainty for the Swiss asset manager

Shareholders in Zurich-headquartered GAM have voted in a new board after Liontrust's failed takeover
Shareholders in Zurich-headquartered GAM have voted in a new board after Liontrust's failed takeover Photo: Gianluca Colla/Getty Images

GAM shareholders have voted unanimously to replace the current board of directors — a move which draws a line under months of uncertainty for the Swiss asset manager.

At an extraordinary general meeting in Zurich on 27 September, 99.5% of shareholders who voted elected Antoine Spillmann as chair, with a string of other candidates elected to the board and compensation committee unopposed.

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