ANNUAL REPORT 2009 - GAM Holding AG

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Infidar Investment Advisory Ltd., Zurich, distributed Infidar (Liechtenstein) AG, Vaduz, distributed JB Private Equity Holding AG, Zurich, distributed JB Swiss Capital Market Research Ltd., Zurich, distributed Julius Baer (Hong Kong) Limited, Hong Kong, distributed Julius Baer (Middle East) Ltd., Dubai, distributed Julius Baer (Monaco) S.A.M., Monaco, distributed Julius Baer (Uruguay) S.A., Montevideo, distributed Julius Baer Capital (Guernsey) I Limited, Guernsey, distributed Julius Baer Consultores, Mexico City, distributed Julius Baer Consultores S.A., Caracas, distributed Julius Baer Fiduciaria S.r.l., Milan, distributed Julius Baer Financial Consultancy S.A., Buenos Aires, distributed Julius Baer Financial Markets LLC, New York, distributed Julius Baer International Ltd., London, distributed Julius Baer International (Panama) Inc., Panama City, distributed Julius Baer Bank & Trust (Bahamas) Ltd., Bahamas, distributed Julius Baer Trust Company (Bahamas) Ltd., Bahamas, distributed Julius Baer Investment Advisory GesmbH, Vienna, distributed Julius Baer Trust Company (Channel Islands) Ltd., Guernsey, distributed PT. Julius Baer Advisors (Indonesia), Jakarta, distributed SIM (Società di intermediazione mobiliare) S.p.A., Milan, distributed Ursa Company Ltd., Grand Cayman, distributed Aktiengesellschaft, formerly Waser Söhne & Cie., Werdmühle, Altstetten, Zurich, distributed Loteco Foundation, Zurich, distributed Baer Alternative Solutions Ltd., Guernsey, name changed from GAM Structured Investments Ltd., distributed Julius Baer Group Ltd., Zurich, new, distributed Julius Baer Investment Ltd., Zurich, new, distributed Alpha SIM S.p.A., Milan, new, distributed Julius Bär Lizenzverwertungsgesellschaft AG, Zug, new, distributed Julius Baer Consultores (Peru) S.A.C., Lima, new, distributed Julius Baer Family Office Ltd. and Cantrade Trustee AG merged into Julius Baer Family Office & Trust Ltd., Zurich, distributed GAM Holding Ltd. Annual Report 2009 95 GROUP FINANCIAL REPORT
Name changes in the companies consolidated: GAM Holding Ltd., name changed from Julius Baer Holding Ltd. GAM Group AG, name changed from GAM Holding AG Swiss & Global Asset Management Holding AG, name changed from Julius Baer Invest Ltd. Swiss & Global Asset Management AG, name changed from Julius Baer Investment Funds Services Ltd. Swiss & Global Asset Management (Luxembourg) SA, name changed from Julius Baer (Luxembourg) SA Swiss & Global Services (Italia) S.r.I., name changed from Julius Baer Italia Investment Funds Services S.r.l. Swiss & Global Multibond Advisory Ltd., name changed from Julius Baer Multibond Advisory Ltd. Swiss & Global Multicash Advisory Ltd., name changed from Julius Baer Multicash Advisory Ltd. Swiss & Global Multicooperation Advisory Ltd., name changed from Julius Baer Multicooperation Advisory Ltd. Swiss & Global Multifund Advisory Ltd., name changed from Julius Baer Multifund Advisory Ltd. Swiss & Global Multiinvest Advisory Ltd., name changed from Julius Baer Multiinvest Advisory Ltd. Swiss & Global Multiopportunities Advisory Ltd., name changed from Julius Baer Multiopportunities Advisory Ltd. Swiss & Global Multipartner Advisory Ltd., name changed from Julius Baer Multipartner Advisory Ltd. Swiss & Global Multiselect Advisory Ltd., name changed from Julius Baer Multiselect Advisory Ltd. Swiss & Global Multistock Advisory Ltd., name changed from Julius Baer Multistock Advisory Ltd. Swiss & Global SICAV II Advisory Ltd., name changed from Julius Baer SICAV II Advisory Ltd. Swiss & Global Asset Management (Italia) SGR S.p.A., name changed from Julius Baer SGR S.p.A. Swiss & Global Strategy Fund Advisory Ltd., name changed from Julius Baer Strategy Fund Advisory Ltd. Swiss & Global Asset Management (Cayman) Ltd., name changed from Baer Select Management Ltd. Swiss & Global Asset Management Kapital AG, name changed from Julius Bär Kapital AG 96 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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Page 31 and 32:
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
Page 45 and 46: CHANGES IN ACCOUNTING POLICIES The
Page 47 and 48: Classification of Rights Issues (am
Page 49 and 50: COMMENT ON RISK AND CAPITAL MANAGEM
Page 51 and 52: The following tables show the credi
Page 53 and 54: The following table shows the Group
Page 55 and 56: VaR method and regulatory capital I
Page 57 and 58: Capital risk management In managing
Page 59 and 60: NOTES TO THE CONSOLIDATED INCOME ST
Page 61 and 62: 6 INCOME TAXES 2009 2008 CHANGE CHF
Page 63 and 64: 7 REPORTING BY SEGMENT TOTAL CONSOL
Page 65 and 66: 8 EARNINGS PER REGISTERED SHARE AND
Page 67 and 68: 9C ALLOWANCE FOR CREDIT LOSSES 2009
Page 69 and 70: 11 OTHER FINANCIAL INVESTMENTS AND
Page 71 and 72: 11C OTHER FINANCIAL LIABILITIES Tra
Page 73 and 74: Goodwill BALANCE ON ADDITIONS/ DISP
Page 75 and 76: Brand impairment testing Whenever t
Page 77 and 78: 16A DEFERRED TAX ASSETS 31.12.2009
Page 79 and 80: 17 PROVISIONS 2009 2008 RESTRUCTURI
Page 81 and 82: Distribution of dividend In 2009 an
Page 83 and 84: For Information on compensation, lo
Page 85 and 86: 3. Income statement 2009 2008 CHF 1
Page 87 and 88: 21 SECURITIES TRANSACTIONS 31.12.20
Page 89 and 90: 23A FINANCIAL INSTRUMENTS BY CATEGO
Page 91 and 92: 23B FINANCIAL INSTRUMENTS - FAIR VA
Page 93 and 94: The following table presents the ch
Page 95: DOMICILE CURRENCY SHARE CAPITAL EQU
Page 99 and 100: 26 ACQUISITIONS Purchase of Creinve
Page 101 and 102: Out of the total option grant to ma
Page 103 and 104: GAM Holding Ltd. Share Option Schem
Page 105 and 106: 104 GAM Holding Ltd. Annual Report
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
Page 125 and 126: GAM HOLDING LTD Klausstrasse 10 P.O
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ANNUAL REPORT 2009 - GAM Holding AG

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