GAM Holding AG: Comprehensive Corporate Profile, Financial Analysis & Strategic Outlook

Source: GAM Holding AG Annual Report & Accounts.

Quick Facts / Company Snapshot

Metric / Parameter	Disclosed Detail / Data Point
Official Corporate Name	GAM Holding AG
Ticker Symbol / ISIN	GAM (SIX Swiss Exchange) / CH0102659627
Global Headquarters	Zurich, Switzerland
Year Founded	1983
Group Chief Executive Officer	Albert Saporta
Chairman of the Board	Antoine Spillmann
Group Chief Financial Officer	Gerhard Lohmann
Group Chief Distribution & Product Officer	Tim Rainsford
Majority Shareholder	NJJ Holding SAS (via Rock Investment SAS)
Assets under Management (AuM)	CHF 12.5 billion
Net Cash Position	CHF 38.6 million
Total Global Workforce	226 Full-Time Equivalents (FTEs)
Core Operating Model	Scalable pure-play active investment platform & cloud-based infrastructure
Core Divisions	Specialist Active Investing, Alternative Investing, Wealth Management
Strategic Capital Partner	Swiss Re (Insurance-Linked Securities)
Primary Core Systems Infrastructure	SimCorp Cloud Platform
Outsourced Fund Management Partners	Apex Group and 1741 Group
Target Profitability Year	Fiscal Year 2026 (Management target)
Primary Regulatory Oversight	FINMA (Switzerland) & FCA (United Kingdom)
Core Client Segments	Institutional Clients, Wholesale Distributors, HNWIs, Family Offices & Charities

Source: GAM Holding AG Annual Report & Accounts.

Company Overview

GAM Holding AG is an independent, pure-play active investment management and wealth management group headquartered in Zurich, Switzerland. Operating with over four decades of heritage, the firm delivers tailored investment solutions, high-conviction active strategies, and alternative asset management services to institutional investors, financial intermediaries, family offices, and high-net-worth individuals globally.

• Founded in 1983, GAM Holding AG maintains a 40-year heritage in high-conviction active investment management.
• The firm manages CHF 12.5 billion in total Assets under Management (AuM) across its core investment strategies.
• Supported by a global workforce of 226 full-time equivalents (FTEs), GAM operates across key financial centers.
• The Group maintains a solid liquid balance sheet featuring CHF 38.6 million in net cash.

Following a multi-year structural transformation, GAM has dismantled its legacy third-party fund management company (ManCo) services to re-emerge as a streamlined asset manager. Backed by majority shareholder NJJ Holding SAS (NJJ), the investment vehicle of entrepreneur Xavier Niel, GAM serves as the fifth core investment pillar within NJJ’s multi-billion-euro diversified corporate portfolio.

The Group operates an investor-led corporate structure that prioritizes commercial execution, investment performance, and strategic distribution partnerships. By migrating its operations to a cloud-based architecture hosted by SimCorp and outsourcing administrative ManCo services, GAM maintains a highly scalable cost framework designed to deliver long-term value.

Business Segments

GAM Holding AG structures its core operations into three distinct, specialized investment divisions following the complete divestment and outsourcing of its legacy Fund Management Services (FMS) unit. Each segment targets differentiated market demand across global institutional and private wealth channels.

Business Segment	Revenue Contribution (CHF m)	% of Total Revenue	Operational Scope & Core Objectives
GAM Specialist Active	Not separately disclosed	Not separately disclosed	High-conviction active equities, fixed income, and multi-asset management.
GAM Alternatives	Not separately disclosed	Not separately disclosed	Absolute return, catastrophe bonds/ILS, commodities, and private markets.
GAM Wealth Management	Not separately disclosed	Not separately disclosed	Bespoke wealth preservation, family office solutions, and charity advisory.

Source: GAM Holding AG Annual Report & Accounts (Calculated by FirmsWorld where percentages are derived).

GAM Specialist Active

GAM Specialist Active represents the core active management engine of the Group, delivering high-conviction strategies across traditional asset classes. The division focuses on alpha generation through bottom-up stock selection, specialized fixed income solutions, and multi-asset portfolio construction.

• Delivers high-conviction strategies across European equities, specialized fixed income, and dynamic multi-asset solutions.
• Maintains strong multi-year track records, with 64% of AuM outperforming benchmarks over three years and 89% over five years.
• Utilizes specialized external management partnerships alongside internal portfolio teams to broaden market access.

The segment leverages long-standing expertise in European equities, emerging market debt, and niche credit strategies. By maintaining rigorous investment independence, the division provides institutional clients and wholesale distributors with non-benchmarked, differentiated returns.

GAM Alternatives

GAM Alternatives is designed to capitalize on growing global institutional demand for non-correlated returns and liquid alternative strategies. The business unit aggregates internal portfolio expertise with best-in-class strategic partnerships.

• Pioneers specialized Insurance-Linked Securities (ILS) and catastrophe bond strategies in direct collaboration with Swiss Re.
• Manages the GAM Commodities Fund in partnership with Trafigura’s Galena Asset Management.
• Offers liquid private equity replication through the GAM Star Private Equity LiquidRep Fund.

Through its multi-boutique partnership approach, GAM Alternatives offers access to specialized strategies including Japanese long/short equities with Arcus Investment and sports infrastructure financing via Avenue Capital Group. This structural flexibility enables GAM to launch innovative products rapidly without incurring fixed overhead.

GAM Wealth Management

GAM Wealth Management provides customized investment management and advisory solutions tailored specifically for high-net-worth individuals, family offices, charities, and institutional trusts. Operating primarily from Switzerland, the division emphasizes wealth preservation, capital growth, and tailored asset allocation.

• Provides tailored discretionary portfolio management and open-architecture advisory services.
• Focuses on Swiss domestic clients, European high-net-worth families, and charitable foundations.
• Integrates GAM’s full suite of specialist active and alternative strategies into customized wealth mandates.

The wealth management unit benefits directly from GAM’s 40-year Swiss private banking heritage. By offering personal client access to senior portfolio managers and bespoke risk profiling, the division provides steady fee revenue resilient to institutional market cycles.

History and Evolution

GAM (Global Asset Management) was founded in 1983 by Gilbert de Botton as an independent asset management firm focused on high-conviction active management and multi-manager investing. Over the following decades, GAM established itself as an innovative force in European finance, pioneering absolute return strategies and expanding its global footprint across Europe, Asia, and the Americas.

• 1983: GAM is founded by Gilbert de Botton, pioneering multi-asset and active manager selection.
• 1999–2009: Expansion under institutional ownership, establishing market leadership in catastrophe bonds, European equities, and absolute return strategies.
• 2009: GAM Holding AG becomes an independent listed entity on the SIX Swiss Exchange following its spin-off from Julius Baer.
• 2023: Anchor investor Rock Investment SAS / NJJ Holding SAS steps in to support structural turnaround and strategic realignment.
• 2024: Completion of a CHF 100 million fully underwritten rights issue, establishing NJJ Holding SAS as the majority shareholder.
• 2024–2025: Strategic exit from third-party Fund Management Services (FMS); transfer of ManCo services to Carne Group, Apex Group, and 1741 Group.
• 2025: Full operational migration to the SimCorp cloud platform and completion of the sale of GAM Italia SGR to AcomeA.

The firm’s recent evolution represents one of the most comprehensive restructurings in modern European asset management. By divesting capital-intensive third-party administration businesses and streamlining its legal entity structure, GAM has successfully re-established itself as a pure-play investment platform.

With the backing of NJJ Holding SAS, GAM enters its next phase of corporate growth. The turnaround strategy has successfully stabilized the balance sheet, lowered fixed operating costs, and aligned executive leadership directly with investment performance and client growth.

Products and Services

GAM Holding AG offers a broad range of high-conviction active investment products, customized mandates, and specialized advisory services designed for institutional, wholesale, and private clients.

Product / Service Line	Revenue Contribution (CHF m)	% of Total Revenue	Core Characteristics & Focus Areas
Insurance-Linked Securities (ILS) & Cat Bonds	Not separately disclosed	Not separately disclosed	Specialized non-correlated reinsurance funds in partnership with Swiss Re.
Specialist Active Equities	Not separately disclosed	Not separately disclosed	Concentrated European, Swiss, and global equity portfolios.
Specialized Fixed Income & EMD	Not separately disclosed	Not separately disclosed	High-yield, total return credit, and emerging market debt (Gramercy partnership).
Absolute Return & Commodities	Not separately disclosed	Not separately disclosed	Systemic macro, trend-following, and Galena commodity strategies.
Wealth Preservation & Private Client Advisory	Not separately disclosed	Not separately disclosed	Discretionary wealth mandates, estate planning solutions, and multi-asset portfolios.

Source: GAM Holding AG Annual Report & Accounts (Calculated by FirmsWorld where percentages are derived).

Insurance-Linked Securities (ILS) & Catastrophe Bonds

GAM is a global pioneer in managing Insurance-Linked Securities (ILS) and catastrophe bond portfolios. These strategies offer institutional investors access to returns tied to insurance risks rather than broader macroeconomic factors.

• Maintains a long-standing strategic relationship with reinsurance giant Swiss Re to co-develop ILS solutions.
• Provides capital protection and yield generation completely non-correlated with financial equity and bond markets.
• Hosts the annual GAM and Swiss Re Insurance-Linked Securities Summit in Zurich.

Specialist Active Equities & Fixed Income

The firm’s active equity and fixed income strategies are built around high active money, bottom-up research, and strong conviction stock and bond selection.

• Features top-tier European Equity strategies that attracted positive net inflows during structural turnaround phases.
• Partners with Gramercy for specialized emerging market debt capabilities and Atlanticomnium for credit strategies.
• Demonstrates exceptional performance, with 89% of AuM outperforming benchmark indices over five years.

Brand Portfolio

GAM Holding AG operates under a unified umbrella brand structure that reinforces its legacy in Swiss investment management while providing clear market positioning for its specialized offerings.

Brand Name	Target Client Segment	Operational Scope & Geographic Reach
GAM	Group Corporate Brand	Master corporate identity across global capital markets.
GAM Star	Wholesale & Institutional Funds	Flagship UCITS fund family distributed across Europe and Asia.
GAM Alternatives	Institutional Alternative Investors	Dedicated umbrella for catastrophe bonds, commodities, and private markets.
GAM Wealth Management	Private Clients & Family Offices	Customized private wealth brand operating primarily in Switzerland.

Source: GAM Holding AG Annual Report & Accounts.

GAM Star Fund Family

The GAM Star brand represents the firm’s flagship suite of open-ended UCITS funds distributed across global financial centers.

• Encompasses core equity, fixed income, and dynamic multi-asset investment funds.
• Distributed extensively across Switzerland, the United Kingdom, Continental Europe, and Asia-Pacific.
• Features prominent strategies such as GAM Star Private Equity LiquidRep and GAM Star Cat Bond.

GAM Alternatives Brand

The GAM Alternatives brand was explicitly established to house the group’s growing suite of absolute return, real asset, and non-correlated investment capabilities.

• Serves as the commercial vehicle for institutional private market partnerships.
• Aggregates proprietary strategies alongside exclusive external partner funds including Arcus Investment and Avenue Capital.
• Drives client engagement in non-traditional asset classes seeking inflation protection and downside defense.

Geographical Presence

GAM Holding AG maintains a focused international footprint, ensuring direct client coverage across key wealth management hubs and institutional capital markets.

• Headquartered in Zurich, Switzerland, serving as the Group’s primary executive and legal hub.
• Key European distribution and investment offices located in London, Madrid, Milan, and Frankfurt.
• Expanded Asia-Pacific presence supported through a strategic partnership with Sun Hung Kai & Co. Ltd.

Region / Market	Primary Office Locations	Geographic Scope & Commercial Highlights
Switzerland	Zurich (Global HQ)	Core wealth management, domestic institutional clients, and executive leadership.
United Kingdom	London	Investment management hub, global distribution, and multi-asset capabilities.
Continental Europe	Madrid, Milan, Frankfurt	Wholesale fund distribution and institutional client servicing.
Asia-Pacific	Hong Kong, Greater China	Strategic partnership with Sun Hung Kai & Co. covering HK, Macau, Mainland China, and Taiwan.

Source: GAM Holding AG Annual Report & Accounts.

Switzerland (Home Market)

Switzerland serves as the corporate anchor and administrative capital of GAM Holding AG. The Zurich headquarters houses executive leadership, group finance, risk management, and the core wealth management team.

• Hosts the Group Management Board (GMB) and primary executive decision-making functions.
• Drives GAM Wealth Management operations for Swiss and international private clients.
• Oversees FINMA regulatory compliance and strategic capital allocations.

Asia-Pacific & Strategic Partnerships

GAM’s presence in the Asia-Pacific region is bolstered through strategic distribution alliances, allowing the firm to capture capital flows efficiently without building asset-heavy infrastructure.

• Partnership with Sun Hung Kai & Co. Ltd drives distribution across Greater China (Hong Kong, Macau, Mainland China, Taiwan).
• Maintains product alliances with Tokyo-focused managers such as Arcus Investment.
• Targets growing institutional sovereign and private family office wealth across East Asia.

Profit and Loss

The financial performance of GAM Holding AG reflects its transition into a leaner, pure-play active investment manager. The structural cost reductions executed during 2024 and 2025 have laid the groundwork for operating leverage as revenues rebound.

Financial Parameter (CHF millions)	FY Disclosed Figure	Operational Commentary & Notes
Net Fee & Commission Income	Disclosed in full report	Primary revenue driver derived from management and performance fees.
Personnel Expenses	Reduced by ~20% YoY	Benefits from head-count optimization and structural streamlining.
General & Administrative Expenses	Significantly reduced	Cost savings realized from SimCorp cloud migration and office consolidation.
Underlying Loss Before Tax	CHF (66.8) million (2024)	Improvement driven by cost reduction initiatives.
IFRS Net Loss After Tax	CHF (70.9) million (2024)	Includes non-core restructuring and transformation charges.
Diluted Underlying EPS	CHF (0.06)	EPS reflects enlarged share capital following rights issue.

Source: GAM Holding AG Annual Report & Accounts.

• Cost optimization programs achieved a 20% reduction in underlying operating expenses across the business.
• The full structural benefit of cost reductions will be fully reflected in operational cash flows.
• Management maintains guidance to achieve full operational profitability in fiscal year 2026 (Management target).

Balance Sheet

GAM Holding AG maintains a strong, liquid balance sheet following the successful execution of its CHF 100 million capital increase, providing long-term solvency and capital adequacy.

Balance Sheet Component (CHF millions)	Disclosed Value	Strategic Importance & Liquidity Profile
Cash & Cash Equivalents	CHF 38.6 million	High-quality liquidity supporting operational working capital.
Net Cash Position	CHF 38.6 million	Net liquidity following debt optimization.
Long-Term Debt / Loan Facility	CHF 100.0 million	Rock Investment loan facility extended to 31 December 2027.
Total Assets under Management	CHF 12.5 billion	Core fee-earning asset base driving future management revenues.
Capital Increase (Rights Issue)	CHF 100.0 million	Completed ordinary capital increase underwritten by NJJ Holding.

Source: GAM Holding AG Annual Report & Accounts.

• Completion of the CHF 100 million underwritten rights issue significantly fortified Group equity.
• Maturity of the CHF 100 million Rock loan facility was extended to 31 December 2027, securing long-term debt stability.
• The Group operates with zero short-term debt stress, supported by anchor shareholder commitment.

Cash Flow

The cash flow trajectory of GAM Holding AG is transitioning from restructuring-related cash outflows toward positive operating cash generation as structural cost reductions take effect.

Cash Flow Indicator	Operational Status	Strategic Drivers
Operating Cash Flow	Transforming	Benefiting from 20% expense cuts and elimination of ManCo liabilities.
Investing Cash Flow	Reinvested in Cloud Tech	Targeted capital expenditure in SimCorp cloud infrastructure.
Financing Cash Flow	Strongly Positive	Strengthened by CHF 100m rights issue proceeds and loan maturity extensions.
Net Cash Ending Balance	CHF 38.6 million	Robust liquidity buffer for future expansion.

Source: GAM Holding AG Annual Report & Accounts.

• Financing cash flows were substantially boosted by the execution of the CHF 100 million equity capital raise.
• Capital expenditures remain light, following the cloud-based migration of portfolio management software.
• The Group targets positive operating cash flows aligned with its 2026 profitability target (Management guidance).

Board of Directors and Leadership Team

GAM Holding AG is governed by an investor-led Board of Directors and an experienced Group Management Board (GMB) combining deep asset management, legal, and operational expertise.

Board of Directors

• Antoine Spillmann — Chairman of the Board of DirectorsRe-elected as Chairman; leads strategic transformation and shareholder oversight.
• Carlos Esteve — Non-Executive Board MemberBrings extensive Swiss private banking and asset management experience.
• Anthony Maarek — Non-Executive Board MemberManaging Director of NJJ Holding SAS; represents the majority anchor shareholder.
• Jeremy Smouha — Non-Executive Board MemberFinancial industry veteran with specialized expertise in distribution and strategy.
• Inès de Dinechin — Non-Executive Board MemberAppointed to the Board; expert in European asset management and market infrastructure.
• Anne Empain — Non-Executive Board MemberAppointed to the Board; senior background in legal, compliance, and governance.
• Donatella Ceccarelli — Non-Executive Board MemberAppointed to the Board; deep expertise in family office structures and wealth management.

Group Management Board (GMB)

• Albert Saporta — Group Chief Executive Officer (CEO)Appointed to lead GAM’s commercial transition, marking a return to investor-led leadership.
• Gerhard Lohmann — Group Chief Financial Officer (CFO)Oversees financial planning, balance sheet optimization, and corporate capital structure.
• Tim Rainsford — Group Chief Distribution & Product OfficerReturned to lead global distribution, intermediary partnerships, and product innovation.

Subsidiaries, Associates, Joint Ventures

To streamline operations and reduce structural complexity, GAM Holding AG significantly simplified its global legal entity footprint by divesting non-core management company entities.

Entity Name	Ownership %	Status / Scope	Operational Contribution
GAM Investment Management (Switzerland) AG	100%	Active Subsidiary	Core Swiss operating entity for portfolio management.
GAM International Management Limited	100%	Active Subsidiary	Main UK operating entity housing investment and distribution teams.
GAM Fund Management Limited (Ireland)	0% (Sold)	Divested to Apex	Ireland ManCo divested to Apex Group to streamline model.
GAM Italia SGR	0% (Sold)	Divested to AcomeA	Italian management entity divested to AcomeA.

Source: GAM Holding AG Annual Report & Accounts.

Key Subsidiaries Profile

• GAM Investment Management (Switzerland) AG: Serves as the primary Swiss portfolio management hub, regulated by FINMA, housing local investment strategies and wealth advisory mandates.
• GAM International Management Limited: Operates out of London, housing specialist active equity, fixed income, and global distribution operations under FCA regulation.

Other Investments (Including Minority / Portfolio Holdings)

GAM Holding AG utilizes asset-light strategic partnerships and co-management models rather than non-controlling equity stakes to expand its investment capabilities.

Strategic Partner / Investment	Ownership %	Investment Nature	Business Activity / Geographic Focus
Swiss Re	Partnership	Strategic Commercial	Insurance-Linked Securities (ILS) and Cat Bond funds.
Galena Asset Management (Trafigura)	Partnership	Commercial Co-Mgmt	GAM Commodities Fund management.
Gramercy Funds Management	Partnership	Distribution / Sub-Advisory	Emerging Market Debt (EMD) strategies.
Arcus Investment	Partnership	Product Distribution	Japanese long/short active equity funds.
Avenue Capital Group	Partnership	Co-Launch Partner	Avenue Sports Opportunities Fund distribution in Europe.
PEO Partners & Atlanticomnium	Partnership	Strategic Product	Liquid private equity replication and specialized credit.

Source: GAM Holding AG Annual Report & Accounts.

Physical Properties

GAM Holding AG operates an asset-light real estate model, leasing office properties in prime international financial centers to house its investment and distribution personnel.

• Zurich Headquarters: Primary corporate headquarters located in Zurich, Switzerland.
• London Office: Principal UK investment management and distribution hub.
• European Office Network: Regional branch offices located in key centers including Madrid, Milan, and Frankfurt.
• Asia-Pacific Offices: Distribution and operational hubs in Hong Kong.

Founders

GAM was established in 1983 by Gilbert de Botton, an influential figure in European wealth management. De Botton built GAM on the foundational principle of active multi-manager asset allocation and independent, unconstrained investment selection.

• Pioneered independent asset management in Europe during the early 1980s.
• Established GAM’s client-first culture emphasizing active performance over benchmark hugging.
• Instilled a multi-boutique ethos that continues to guide GAM’s strategy today.

Parent

Following the completion of the CHF 100 million rights issue in late 2024, NJJ Holding SAS became the majority controlling shareholder of GAM Holding AG through its holding entity, Rock Investment SAS.

Parent / Holding Entity	Country	Direct / Indirect Control	Core Business Profile
NJJ Holding SAS	France	Majority Controlling Shareholder	Private investment firm of entrepreneur Xavier Niel.
Rock Investment SAS	France	Direct Holding Vehicle	Special purpose vehicle holding GAM equity stake.

Source: GAM Holding AG Annual Report & Accounts.

• GAM represents the fifth core strategic pillar of NJJ’s multi-billion-euro corporate portfolio.
• NJJ’s holdings span telecommunications, technology venture capital, real estate, and media.
• Provides long-term capital backing, balance sheet stability, and strategic alignment.

Investments and Capital Expenditure Plans

GAM Holding AG has reallocated its capital expenditure strategy away from legacy administrative technology toward cloud-native architecture and product development.

• SimCorp Cloud Migration: Finalized full migration of all investment teams to the SimCorp cloud platform, modernizing portfolio management and order execution.
• Outsourced Administrative Model: Partnered with Apex Group, 1741 Group, and Carne Group to handle ManCo fund administration, eliminating capital overhead.
• Talent Acquisition: Reinvesting in first-class investment talent across alternatives, systematic, and European equity teams.

Shareholding Pattern

Following the ordinary capital increase via a rights issue, GAM Holding AG’s ownership structure is anchored by its long-term strategic parent.

Shareholder Category	Holding Percentage	Notes & Disclosed Details
NJJ Holding SAS (via Rock Investment SAS)	> 50% (Majority)	Anchor shareholder providing strategic backing.
Institutional & Public Free Float	Remaining Balance	Traded publicly on the SIX Swiss Exchange.

Source: GAM Holding AG Annual Report & Accounts.

Future Strategy

GAM’s growth strategy is focused on four core operational pillars designed to restore sustainable corporate profitability.

• Pillar 1: Client Focus in Core Markets: Deepening relationships across existing European and Swiss client networks.
• Pillar 2: Amplifying Core Active Capabilities: Investing in top-tier talent in equities, fixed income, and multi-asset strategies.
• Pillar 3: Product Diversification & Wealth Management: Expanding GAM Alternatives and scaling bespoke wealth solutions.
• Pillar 4: Operational Efficiency & Profitability: Maintaining a disciplined cost structure to achieve profitability by 2026 (Management target).

Key Strengths

• Strong Investment Performance: 64% of AuM outperforming benchmarks over 3 years and 89% over 5 years.
• Scalable Pure-Play Platform: Cloud-based SimCorp infrastructure and outsourced ManCo model lower marginal delivery costs.
• Anchor Shareholder Backing: Strategic stability provided by NJJ Holding SAS.
• Distinct Alternative Offerings: Unique non-correlated funds including ILS/cat bonds with Swiss Re and Galena commodities.

Key Challenges and Risks

• Asset under Management (AuM) Recovery: Stabilizing net flows across legacy active equity strategies remains critical.
• Market Volatility: Global capital market shifts directly impact asset valuations and fee income.
• Regulatory Compliance: Navigating evolving FINMA, FCA, and European fund regulations requires strict operational oversight.

Conclusion and Strategic Outlook

GAM Holding AG has successfully executed a structural corporate transformation, transitioning from a complex, multi-entity administration model into a focused, pure-play active investment and wealth manager. Supported by a simplified operating framework, modern cloud infrastructure, and the strategic backing of majority shareholder NJJ Holding SAS, GAM has established a stable foundation for long-term growth. As management continues to execute its four-pillar strategy, the Group remains focused on delivering strong investment performance, deepening distribution partnerships, and achieving sustainable profitability.

Frequently Asked Questions (FAQs)

Q1: What is the primary business focus of GAM Holding AG?

GAM Holding AG is an independent Swiss asset manager focused on pure-play active investment management, alternative strategies, and customized wealth management services.

Q2: Who is the majority shareholder of GAM Holding AG?

NJJ Holding SAS, the investment firm of Xavier Niel, holds majority control of GAM Holding AG through its holding entity, Rock Investment SAS, following a CHF 100 million rights issue.

Q3: How much in Assets under Management (AuM) does GAM manage?

GAM manages CHF 12.5 billion in total Assets under Management.

Q4: What are GAM’s core investment divisions?

GAM operates three core divisions: GAM Specialist Active, GAM Alternatives, and GAM Wealth Management.

Q5: Who serves as the Group CEO and Chairman of GAM Holding AG?

Albert Saporta serves as Group Chief Executive Officer (CEO), and Antoine Spillmann serves as Chairman of the Board of Directors.

Q6: What key operational changes did GAM complete recently?

GAM migrated its entire investment platform to the SimCorp cloud, outsourced its Fund Management Company (ManCo) activities to Apex Group and 1741 Group, and sold non-core entities including GAM Italia SGR.

Q7: When does GAM target returning to operational profitability?

Management continues to target operational profitability in fiscal year 2026 (Management target).

Official Site: GAM Holding AG