Swiss asset management giant GAM has suspended investment director Tim Haywood, following an internal investigation into issues relating to his risk management procedures and record keeping.
Haywood, who is the business unit head for GAM's CHF 11bn (£8.5bn) AUM unconstrained/absolute return bond strategy (ARBF), is also under the scrutiny of the relevant regulators, who have been "kept informed...
'Elaborate breach of trust'
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