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GAM Holding AG: GAM announces changes in the Group Management Board

GAM Holding AG / GAM announces changes in the Group Management Board.
Processed and transmitted by Nasdaq Corporate Solutions. The issuer is solely
responsible for the content of this announcement.
* Scott Sullivan to step down from his role as Group General Counsel and from
the Group Management Board and become Group Vice Chairman
* Dirk Spiegel appointed Group General Counsel, succeeding Scott Sullivan on
the Group Management Board
* Elmar Zumbuehl, as Group Chief Risk Officer, and Tim Rainsford, as Group
Head of Distribution, to join the Group Management Board

GAM announced today that Scott Sullivan, Group General Counsel, has decided to
step down from his current role and from the Group Management Board at the
end of December 2016. He will assume the role of Group Vice Chairman, in
which he will act as a senior adviser to the Group Management Board and the
Board of Directors (although he will not be a member of either body) and will
continue to play an important oversight role with respect to various key
corporate initiatives. Dirk Spiegel, currently General Counsel for
continental Europe, will succeed Scott Sullivan as the Group General Counsel
and join the Group Management Board.

Alexander Friedman, Group CEO of GAM, said: "I would like to thank Scott for
his many contributions as Group General Counsel and as a member of the Group
Management Board since the company's independent listing in 2009 and I am
very appreciative to him for taking on this new broader role. Dirk is
immensely qualified to take on the role of Group General Counsel and has
proven himself as a key member of GAM's legal team since joining the company
in 2013. His appointment allows for a seamless transition in our legal and
compliance function."

Elmar Zumbuehl, currently Group Head of Risk and Governance, is appointed to
the Group Management Board as the Group Chief Risk Officer. Tim Rainsford,
who joins GAM at the beginning of 2017 as the Group Head of Distribution,
will also become a member of the Group Management Board.

Alexander Friedman said: "The appointment of Elmar to the Group Management
Board and the creation of the Chief Risk Officer role underscore the
importance of this function to GAM. I look forward to working closely with
Elmar, Tim and Dirk. With these appointments, the leadership team is
positioned to drive forward our growth initiatives."

All appointments to the Group Management Board will be effective 1 February
2017, subject to the customary regulatory approval.

For further information please contact:

| Media Relations: Investor Relations: |
| Elena Logutenkova Patrick Zuppiger |
| T +41 (0) 58 426 63 41 T +41 (0) 58 426 31 36 |
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About GAM

GAM is one of the world's leading independent, pure-play asset managers. The
company provides active investment solutions and products for institutions,
financial intermediaries and private investors under two brands: GAM and
Julius Baer Funds. The core investment business is complemented by private
labelling services, which include management company and other support
services to third-party asset managers. GAM employs about 1,000 people in 11
countries with investment centres in London, Cambridge, Zurich, Hong Kong,
New York, Milan and Lugano. The investment managers are supported by an
extensive global distribution network.

Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a
component of the Swiss Market Index Mid (SMIM) with the symbol 'GAM'. The
Group has assets under management of CHF 119.1 billion (USD 122.9 billion) as
at 30 September 2016.

English Press Release

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: GAM Holding AG via Globenewswire

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