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FCA fines GAM £9.1m over Greensill conflicts

Former GAM star fund manager Tim Haywood is also fined for his failure to declare gifts and entertainment

Private jet travel and Buckingham Palace dinner draw the concern of the regulator
Private jet travel and Buckingham Palace dinner draw the concern of the regulator Photo: Chris J. Ratcliffe/Getty Images

Swiss asset manager GAM has been fined £9.1m by the UK markets watchdog over its failure to manage conflicts of interest in its dealings with Greensill Capital.

The Financial Conduct Authority also fined former GAM star fund manager Tim Haywood £230,000 for his failure to declare gifts and entertainment.

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