October 17, 2019 / 5:12 AM / a month ago

BRIEF-GAM Holding Group AUM Down At CHF 135.7 Bln As At Sept. 30

Oct 17 (Reuters) - GAM Holding AG:

* WE EXPECT CONTINUED MARKET VOLATILITY

* GROUP AUM TOTALLED CHF 135.7 BILLION(1) AS AT 30 SEPTEMBER 2019, DOWN FROM CHF 136.1 BILLION(2) AS AT 30 JUNE 2019

* WE REITERATE OUR 2019 GUIDANCE OF UNDERLYING PRE-TAX PROFIT TO BE MATERIALLY LOWER THAN IN 2018

* RESTRUCTURING PROGRAMME ON TRACK

* ON TRACK TO ACHIEVE AT LEAST CHF 40 MILLION OF COST SAVINGS BY END OF 2019, WITH FULL BENEFIT MATERIALISING IN 2020 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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