March 30, 2022
Ad hoc announcement pursuant to Art. 53 registration rules
GAM Holding AG: Fund management Service Update
GAM now offerss an update to a Fund Mmanagement Sservices customer, woh gave notice that they or they will be moving a part of thego drankwickedness with GAM Fund Management Services in the Housefrom the second quarter of 2023.
As of December 31, 2021, the relevant assets under management amounted to 11.5 billion Swiss francs with associated income of approximately 6 million Swiss francs per annum, which represents less than 3% of GAM’s net commission income. for the full year 2021. The client will move approximately CHF 10.5 billion of funds to their existing management services company from April 2023. Approximately CHF 1 billion of assets under management will remain with GAM Fund Management Services.
The GAM Fund Management Services business provides fund solutions focusing on structuring, legal set-up, fund administration arrangements and management company services. These services allow our clients to focus on asset management and fund distribution for their clients. GAM Fund Management Services has a strong portfolio of future business opportunities.
Sean O’Driscoll Head of GAM Fund Management Services said, “We are proud to have helped our client grow their business over a long period of time and look forward to continuing to work with them as a trusted partner. We remain focused on revenue growth by utilizing the full suite of GAM features in response to customer demand for an enhanced offering. »
For more information please contact:
Global Head of Communications and Investor Relations
T +44 20 7917 2241
Ute Dehn Christen
T +41 58 426 31 36
Visit us: www.gam.com
Follow us: Twitter and LinkedIn
GAM is a leading independent asset manager. The company offers active investment products and solutions for institutions, financial intermediaries and private investors through three businesses: Investment Management, Fund Management Services and Wealth Management. GAM employed 605 FTEs in 14 countries with investment centers in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano as of December 31, 2021. Investment managers are supported by an extensive global distribution network. Based in Zurich, GAM is listed on the SIX Swiss Exchange under the symbol “GAM”. The Group has assets under management of 100 billion francs (109.4 billion dollars) as of December 31, 2021.
Disclaimer Regarding Forward-Looking Statements
This press release of GAM Holding AG (“the Company”) includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations and projections regarding future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industry in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has attempted to identify these forward-looking statements by using words such as “may”, “will”, “should”, “should”, “expect”, “intend”, “estimate”. , ‘anticipate’, ‘plan’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made based on assumptions and expectations which, although the Company believes to be reasonable at this time, may prove to be incorrect.
These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities , as well as those of the markets it serves or intends to serve , differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause such differences include, but are not limited to: changes in trading or other market conditions, legislative, tax and regulatory developments, general economic conditions and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. The Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release and any change in the Company’s expectations or any change in events, conditions or circumstances about which such forward-looking statements are based, except as required by applicable law or regulation.