GAM management waive 2019 bonuses as group announces new strategy
After hard year for business
CEO Peter Sanderson will not receive his fixed cash award for 2019 under the changes
Embattled Swiss asset manager GAM has announced a new three-pronged strategy to revive the business after a tough year which will see the management board receive no bonuses.
Last year was difficult for the firm, which was hit the misconduct investigation around manager Tim Haywood and his subsequent suspension in 2018, and outflows from his absolute return bond strategy...
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