Completion of the separation of the Julius Baer Group
(Thomson Reuters ONE) - 01 October 2009: GAM Holding Ltd ("GAM Holding"), a leadingindependent active asset manager, today announced the completion ofthe separation of the Julius Baer Group, resulting in GAM Holdingbecoming a newly named listed entity on the SIX Swiss Exchange(ticker: GAM), independent of the Julius Baer Group.GAM Holding, comprising two distinct businesses, GAM Group AG andSwiss & Global Asset Management AG, is now a truly independent activeasset manager with an experienced management team, proven riskmanagement capabilities, a distinctive suite of brands and a stronglong-term track record. As a standalone entity the business willhave increased flexibility to build upon its global distributionnetwork, forming new partnerships with private banks and wealthmanagers, whilst continuing to benefit from existing partnershipswith Julius Baer and UBS. Moreover, GAM Holding has the requisitescale to benefit from worldwide growth in institutional demand forquality active investment.The business is well capitalised and uniquely positioned to benefitfrom medium-term consolidation opportunities, particularly in theEuropean market.Johannes de Gier, Executive Chairman of GAM Holding, commented: "I amexcited about this new stage in the development of the business. Theseparation of the Julius Baer Group gives GAM Holding Ltd increasedstrategic flexibility to achieve the full potential of our businesswhilst allowing us to continue to benefit from our relationship withJulius Baer private bank.Our powerful standalone brands and broad, well-diversified range ofproducts and services mean that we are well positioned to continue todevelop our franchises going forward."EndsFor further information please contact:Media Relations Contact:Jürg WildbergerHirzel.Neef.Schmid.KonsulentenT: +41 43 344 42 42E: gam(at)konsulenten.chInvestor Relations Contact:Thomas SchneckenburgerBluechip Financial CommunicationsT: +41 79 407 99 52E: gam(at)bluechip-financial.chhttp://hugin.info/142256/R/1344961/322744.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 01.10.2009 - 07:03 Uhr
Sprache: Deutsch
News-ID 6458
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