Update: GAM to cut 18 investment manager positions
New CEO looking to restructure divisions
GAM to cut 18 investment staff
Embattled Swiss fund manager GAM is set to cut a number of jobs as interim CEO David Jacob looks to restructure the firm's equity and bond divisions just one month after taking on the role.
According to Swiss news agency AWP, GAM will cut 18 fund manager positions, 14 in Zurich and four in London, as the firm looks to find ways to cope with recent damaging events. GAM confirmed the resturcturing...
