Brief: NewGAMe Investor Group Announces Candidate For GAM CEO And Provides Funding Of Up To CHF 100 Million

Gam Holding AG

26/09/2023 16:36

Sept 26 (Reuters) - GAM Holding AG  GAMH.S :
    * NEWGAME INVESTOR GROUP ANNOUNCES CANDIDATE FOR GAM CEO AND
PROVIDES FUNDING OF UP TO CHF 100 MILLION
    * NEWGAME: FINMA HAS ISSUED ITS “NO OBJECTION” LETTER IN
RELATION
TO NEWGAME INCREASING ITS GAM SHAREHOLDING TO 20-30%
    * NEWGAME: GAM’S CHIEF RISK OFFICER ELMAR ZUMBUEHL ANNOUNCED
AS
PROPOSED CEO CANDIDATE
    * NEWGAME: THIS FINANCING IS PART OF NEWGAME’S LONG-TERM
COMMITMENT TO SECURE FUNDING TO MEET GAM’S LIQUIDITY NEEDS AND
ENSURE STABILITY AT THE FIRM
    * NEWGAME- ANNOUNCES ELMAR ZUMBUEHL AS ITS PROPOSED
CANDIDATE FOR
CEO OF GAM
    * NEWGAME: PREVIOUS PROPOSED CANDIDATE, RANDEL FREEMAN, HAS
WITHDRAWN DUE TO UNFORESEEN FAMILY CIRCUMSTANCES

Source text for Eikon:  ID:nGNE5QS5dp 
Further company coverage:  GAMH.S 

 ((Reuters.Briefs@thomsonreuters.com;))