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GAM Hired Former UBS Executive Marco Suter, SonntagsZeitung Says

Dec. 11 (Bloomberg) -- GAM Holding AG hired former UBS AG Chief Financial Officer Marco Suter in June as head of risk control and internal audit, SonntagsZeitung reported.

Suter, who at UBS was part of Marcel Ospel’s chairman’s office before taking the CFO position in 2007, is not part of the executive board at GAM and reports directly to the board of directors, the newspaper cited a GAM spokeswoman as saying.

To contact the reporter on this story: Elena Logutenkova in Zurich at elogutenkova@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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