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GAM

2017

AGM

Message from the Chairman

Thoughtful and careful long-term succession planning is an essential feature of good corporate governance.

A year ago, we strengthened the Board of Directors through the addition of Nancy Mistretta, Benjamin Meuli and Ezra S. Field. Their experience and diverse backgrounds have greatly enhanced the Board of Directors. Together with long-standing members Hugh Scott-Barrett and Diego du Monceau, who have served since 2009 and 2010 respectively, these five members have agreed to stand for re-election to the Board of Directors.

After eight years as the Chairman of GAM Holding AG and many years at its predecessor entities, I have decided to retire after the upcoming Annual General Meeting. I was always convinced of our company’s bright future as an independent pure-play asset manager and it has been a privilege to serve as your Chairman during this challenging period since the separation from the Julius Baer Group.

The Board of Directors proposes the election of Hugh Scott-Barrett as Chairman following my retirement. Having served as Chairman of the Audit Committee of the Board of Directors since 2009, Hugh Scott-Barrett is immensely qualified for the position, with a wealth of industry expertise and deep knowledge of GAM. The election of Hugh Scott-Barrett as the new Chairman will ensure stability and strong commitment to the creation of sustainable long-term shareholder value.

I am also pleased that David J. Jacob has agreed to stand for election as a new member of the Board of Directors. He will bring to the company his 30 years of experience in the asset management industry in leading businesses, investment teams, distribution functions, risk management activities along with complex change projects.

With the addition of David J. Jacob, GAM’s Board of Directors will continue to consist of six members with a balanced mix of professional experience, backgrounds, diversity, age and tenures. The proposed Board of Directors, working together with the company’s management team, is well equipped to tackle the challenges and opportunities of the evolving landscape in asset management and to successfully lead GAM into the next chapter of its history.

The management team is transforming GAM into a company with a far more efficient operating model, a more focused and balanced product shelf, strengthened distribution and powerful brand recognition. As highlighted in the Results and Review 2016 document, the Board of Directors together with senior management has been developing the Group’s strategy and overseeing its steadfast implementation over the past years. The new GAM will be exceptionally well positioned to gain market share as the asset management industry goes through fundamental changes, creating sustainable value for all stakeholders.

Your vote at this Annual General Meeting will be important and impact the company’s future, its governance and strategy. Thank you for your continued support.

Yours faithfully

Johannes A. de Gier