Asset Management

GAM chief fights back: ‘We are not in a crisis’

‘We are making good progress,’ Elmar Zumbuehl says, but GAM’s patient shareholders will be eager to see his plan work

Can GAM bounce back after tough merger talks? Photo: Alamy

Elmar Zumbuehl was not meant to be GAM’s chief executive.

The former chief risk officer at the Zurich-headquartered asset manager was drafted in at short notice last year instead of Randel Freeman.