Solo signs off at GAM

The man who steered the $130bn investment manager back to the stock market is leaving after 10 years at its helm

The chief executive of Zurich-based GAM Holding, who helped steer the roughly $130 billion investment manager through the credit crisis, is stepping down after 10 years at its helm.

David Solo will be replaced as CEO on September 8 by Alexander Friedman, former chief investment officer at UBS Wealth Management, according to a statement today.

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