GAM Holding appoints BlackRock exec Sanderson as CEO

Embattled Swiss asset manager GAM Holding on Tuesday named BlackRock executive Peter Sanderson as chief executive as of Sept. 1, replacing interim CEO David Jacob, who will become chairman.

ZURICH, July 30 (Reuters) - Embattled Swiss asset manager GAM Holding GAMH.S on Tuesday named BlackRock executive Peter Sanderson as chief executive as of Sept. 1, replacing interim CEO David Jacob, who will become chairman.

Sanderson at BlackRock served as Head of Financial Services Consulting, EMEA, Co-Head of Multi-Asset Investment Solutions in EMEA, and COO for BlackRock Solutions in EMEA.

"At GAM, he will be focused on further simplifying the business and concentrating on areas of recognised expertise where GAM has competitive edge in order to put the business back on a growth trajectory," it said in a statement.

(Reporting by Michael Shields)

((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters Messaging: michael.shields.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More