UPDATE 1-Facing big loss, Swiss asset manager GAM cuts staff, dividend
12 Dec UPDATE 1-Facing big loss, Swiss asset manager GAM cuts staff, dividend
Posted at 07:47h
in
News
by KMFSLLP
Swiss asset manager GAM Holding
AG will cut staff by a tenth and omit a 2018 dividend,
it said on Thursday, forecasting a 2018 net loss of around 925
million Swiss francs ($931 million) as it shakes up its
embattled business.
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