ANNUAL REPORT 2009 - GAM Holding AG

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“Forward-looking statements” This Annual Report may contain statements that constitute “forwardlooking statements”, including, but not limited to, statements about the outlook for the Company’s financial performance, its future plans and objectives and their anticipated effect on the Company’s business and future development. The Company has tried to identify those forward-looking statements by using words such as “may”, “should”, “expect”, “intend”, “estimate”, “anticipate”, “project”, “believe”, “predict” and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at the time, may prove to be erroneous as forward-looking statements necessarily involve risks and uncertainties which could cause actual developments and results to differ materially from expectations. These include, but are not limited to, the effects of, and changes in, fiscal, monetary and tax policies; currency fluctuations; the effect of the current economic environment on the financial position or creditworthiness of the Company’s clients and counterparties; the Company’s ability to retain and attract the employees that are necessary to generate revenues and to manage its businesses effectively; possible political, legal and regulatory developments, including the effect of more stringent capital and liquidity requirements; changes in accounting standards or policies; limitations on the effectiveness of the Company’s internal risk management processes, including the occurrence of operational failures; political and social developments, including war, civil unrest or terrorist activity; the adverse resolution of litigation and other contingencies; changes in the size, capabilities and effectiveness of the Company’s competitors. The Company is not under, and expressly disclaims any obligation, to update or amend its forward-looking statements for any reason. GAM Holding Ltd. Annual Report 2009 123
GAM HOLDING LTD Klausstrasse 10 P.O. Box CH-8034 Zurich Switzerland T +41 (0) 58 426 37 00 F +41 (0) 58 426 30 31 gamholding@gam.com INVESTOR RELATIONS Thomas Schneckenburger T +41 (0) 44 256 88 33 gam@bluechip-financial.ch This Annual Report also appears in German. The English version is legally binding. 124 GAM Holding Ltd. Annual Report 2009
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ANNUAL REPORT 2009
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2 GAM Holding Ltd. Annual Report 20
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As we emerge from the financial cri
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1. GROUP STRUCTURE AND SHAREHOLDERS
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2. CAPITAL STRUCTURE 2.1 CAPITAL As
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3. BOARD OF DIRECTORS All the membe
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Attendance of the members of the Bo
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Committee oversees the compensation
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4. SENIOR MANAGEMENT 4.1 MEMBERS OF
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from the Group Head of Human Resour
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5.4 COMPENSATION OF THE BOARD OF DI
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6. SHAREHOLDERS’ PARTICIPATION RI
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9. INFORMATION POLICY GAM Holding L
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CONSOLIDATED STATEMENT OF COMPREHEN
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CONSOLIDATED STATEMENT OF CHANGES I
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CONSOLIDATED STATEMENT OF CASH FLOW
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SUMMARY OF SIGNIFICANT ACCOUNTING P
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The recoverable amount equals the p
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financial liability, any gain or lo
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Debt issued Issued bonds are initia
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CHANGES IN ACCOUNTING POLICIES The
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Classification of Rights Issues (am
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COMMENT ON RISK AND CAPITAL MANAGEM
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The following tables show the credi
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The following table shows the Group
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VaR method and regulatory capital I
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Capital risk management In managing
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NOTES TO THE CONSOLIDATED INCOME ST
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6 INCOME TAXES 2009 2008 CHANGE CHF
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7 REPORTING BY SEGMENT TOTAL CONSOL
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8 EARNINGS PER REGISTERED SHARE AND
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9C ALLOWANCE FOR CREDIT LOSSES 2009
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11 OTHER FINANCIAL INVESTMENTS AND
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11C OTHER FINANCIAL LIABILITIES Tra
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Page 89 and 90: 23A FINANCIAL INSTRUMENTS BY CATEGO
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Page 111 and 112: BALANCE SHEET Assets Current assets
Page 113 and 114: NOTES CONTINGENT LIABILITIES 31.12.
Page 115 and 116: COMPENSATION, LOANS AND SHARE AND O
Page 117 and 118: NUMBER OF SHARES NUMBER OF VESTED O
Page 119 and 120: Loans to the members of the Senior
Page 121 and 122: PROPOSED APPROPRIATION OF RETAINED
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ANNUAL REPORT 2009 - GAM Holding AG

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