French billionaire Xavier Niel's NewGAMe shareholder group is providing 20 million Swiss francs ($23 million) as a lifeline investment to GAM following Liontrust's failed bid for the firm.
Newgame SA: NewGAMe investor group names industry veteran as GAM CEO candidate finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
GAM shareholders named Randel Freeman as their pick for the Swiss manager's next CEO, following months of deliberation over the firm's future ownership.