(Reuters) – Swiss lender Zurcher Kantonalbank, recognized regionally as ZKB, has held takeover talks with GAM Holding AG, the Monetary Occasions reported on Saturday, citing individuals accustomed to the matter.

ZKB is one in every of a number of corporations contemplating a purchase order of GAM.

London-listed Liontrust Asset Administration additionally stated earlier this week that it was discussing a possible merger of its funding administration unit with GAM, which is headquartered in Zurich.

Swiss asset supervisor GAM, which has misplaced over 95% of its worth following a bond fund scandal in 2018, is now seeking to promote itself.

GAM moved the date of its 2022 outcomes presentation to April 25 to provide it extra time to arrange an replace on a strategic evaluate which it should present on the identical day.

GAM’s troubles started in 2018 with its bond return funds, prompting shopper withdrawals.

Z Capital Group, a New York-based funding agency, can be eager about shopping for GAM, the newspaper added.

GAM, ZKB and Z Capital didn’t instantly reply to Reuters’ requests for remark.