GAM restructuring sales team: sources

Swiss asset manager GAM Holding is understood to be moving to restructure its sales set-up in Asia along more local lines, following the exit of two salespeople with regional remits to join Banque Syz. GAM is looking to appoint other executives not as direct replacements, but with a view to covering specific markets or regions, said a source. Where the group used to have separate distribution teams in the region for its units GAM and Swiss & Global Asset Management, it is be…