Investor group NewGAMe, which played a part in thwarting Liontrust’s failed attempt to buy GAM, has put forward a candidate to become GAM’s new CEO.
NewGAMe, which controls approximately 9.6% of the issued share capital of GAM, led the charge against Liontrust, arguing the firm had undervalued GAM in its offer. GAM given 30 days to repay Liontrust loan Following the news that only 33.5% of GAM shareholders had voted in favour of the Liontrust bid, GAM's board said it would be standing down, including CEO Peter Sanderson. The NewGAMe candidate to replace Sanderson has been revealed as Randel ‘Randy' Freeman, who recently served a member of the investment committee of Luxembourg-domiciled SICAV-RAIF Sterling Strategic Value. D...
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