Solo replaces Poschadel as chief executive of GAM

Monday 10 May 2004 at 16:00

GAM, the UBS-owned asset manager, has appointed David Solo as chief executive, replacing Burkhard Poschadel, who takes on the role as vice-chairman.

The changes at GAM comes less than a week after UBS has promoted John Costas, chairman and chief executive of its investment banking arm, to deputy chief executive of the Swiss bank, as the bank reported record profits.