GAM CEO Friedman steps down

Search for a new CEO

Tom Eckett
GAM CEO Alexander Friedman steps down

GAM CEO Alexander Friedman steps down

GAM chief executive Alexander Friedman is to step down after four years at the firm with immediate effect.

Board member David Jacob has been appointed interim CEO, subject to regulatory approval, whilst a search for a new chief is conducted. In a statement, the firm said both parties agreed the company's future "evolution" would be best delivered by new leadership. It was reported in early August the chief executive was facing shareholder pressure to step down following a series of crises at the firm since he took over in 2014. During his tenure, the group has overseen a profits warning caused by an unsuccessful acquisition, a faltering share price and, most recently, from the suspensi...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Business roles