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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  GAM Holding    GAM   CH0102659627

GAM HOLDING

(GAM)
  Report
Delayed Quote. Delayed Swiss Exchange - 08/07 11:15:09 am
2.046 CHF   -2.29%
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GAM : sales chief Rainsford exits in management revamp

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07/06/2020 | 02:45pm EDT
Logo of GAM investment management company is seen in Zurich

GAM Investments' head of sales and distribution, Tim Rainsford, is leaving the Swiss asset management group amid a management revamp, GAM said on Monday.

Former BlackRock executive Jeremy Roberts will become global head of distribution, reporting to Chief Executive Peter Sanderson, as of Sept. 1. Roberts was co-head of EMEA retail sales and head of the UK retail business at BlackRock.

GAM will also create a new role of global head of institutional solutions.

Rainsford, who was appointed group head of sales and distribution and became a member of GAM Holding's management board in 2017, is leaving GAM "to take up a new opportunity", it said without elaborating.

GAM Holding said last month it expects to report an IFRS net loss for the first half of 2020 of about 400 million Swiss francs ($425 million) as it writes down the value of decades-old goodwill.

(Reporting by Michael Shields; Editing by Toby Chopra)

Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. 0.01% 582.23 Delayed Quote.15.80%
GAM HOLDING -2.70% 2.094 Delayed Quote.-23.25%
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Latest news on GAM HOLDING
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Financials
Sales 2020 244 M 267 M 267 M
Net income 2020 -19,0 M -20,9 M -20,9 M
Net cash 2020 284 M 312 M 312 M
P/E ratio 2020 -20,9x
Yield 2020 -
Capitalization 326 M 358 M 358 M
EV / Sales 2020 0,17x
EV / Sales 2021 -0,01x
Nbr of Employees 817
Free-Float 96,6%
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Technical analysis trends GAM HOLDING
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 2
Average target price 3,10 CHF
Last Close Price 2,09 CHF
Spread / Highest target 76,7%
Spread / Average Target 48,0%
Spread / Lowest Target 19,4%
EPS Revisions
Managers
NameTitle
Peter Sanderson Group Chief Executive Officer
David Joseph Jacob Chairman
Steve Rafferty Group Chief Operating Officer
Richard McNamara Group Chief Financial Officer
Benjamin Meuli Vice Chairman
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