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GAM Holding AG: GAM sells its Cayman fund administration business to JTC Group

GAM Holding AG / GAM sells its Cayman fund administration business to JTC
Group. Processed and transmitted by NASDAQ OMX Corporate Solutions. The
issuer is solely responsible for the content of this announcement.
Zurich, 13 October 2015

* Cayman fund administration business was part of GAM's Private Labelling
* Sale is in line with the aim to focus GAM's activities on its core
* All 14 employees will transfer to JTC Group

GAM today announced the sale of its fund administration business in the Cayman
Islands to JTC Group, a provider of institutional and private client

GAM's Private Labelling business has been offering fund and outsourcing
solutions to third parties since 1992, mainly out of Switzerland. The
disposal of the Cayman fund administration business reflects the company's
intention to focus on its role as general contractor for private label
solutions and the provision of management company services for funds
domiciled in Europe. It is also in line with the announcement made at the
half-year results presentation in August to focus GAM's activities on its
core strengths within Investment Management and the private labelling

The team in Cayman, which consists of 14 staff in total, will transfer and
continue to be employed with JTC Group. Once approved by the local regulator,
all business activities will transfer to JTC. The transaction is expected to
close in late 2015. The impact on the Group's assets under management and the
2015 financial results is immaterial.

For further information please contact:

| GAM Media Relations: GAM Investor Relations: |
|Andreas Kern |
|T: +41 (0) 58 426 62 59 Patrick Zuppiger |
| T: +41 (0) 58 426 31 36 |
| |
| JTC Group: |
| |
|David Viera |
|T: +44 1534 816 246 |
About GAM

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

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 124.2 billion (USD 132.8 billion)*.

* Source: GAM. Data as at 30 June 2015.

Disclaimer regarding forward-looking statements

This press release by GAM ('the Company') includes forward-looking statements
that reflect the Company's intentions, beliefs or current expectations and
projections about the Company's future results of operations, financial
condition, liquidity, performance, prospects, strategies, opportunities and
the industry in which it operates. Forward-looking statements involve all
matters that are not historical facts. The Company has tried to identify
those forward-looking statements by using words such as 'may', 'will',
'would', 'should', 'expect', 'intend', 'estimate', 'anticipate', 'project',
'believe', 'seek', 'plan', 'predict', 'continue' and similar expressions.
Such statements are made on the basis of assumptions and expectations which,
although the Company believes them to be reasonable at this time, may prove
to be erroneous.

These forward-looking statements are subject to risks, uncertainties,
assumptions and other factors that could cause the Company's actual results
of operations, financial condition, liquidity, performance, prospects or
opportunities, as well as those of the markets it serves or intends to serve,
to differ materially from those expressed in, or suggested by, these
forward-looking statements. Important factors that could cause those
differences include, but are not limited to: changing business or other
market conditions, legislative, fiscal and regulatory developments, general
economic conditions, and the Company's ability to respond to trends in the
financial services industry. Additional factors could cause actual results,
performance or achievements to differ materially. The Company expressly
disclaims any obligation or undertaking to release any update of or revisions
to any forward-looking statements in this press release and any change in the
Company's expectations or any change in events, conditions or circumstances
on which these forward-looking statements are based, except as required by
applicable law or regulation.

English Press Release


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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