Update: Haywood to appeal GAM sacking

'Unjust'

Tim Haywood is set to appeal GAM's decision to fire him, while disputing many of the findings against him.

The Swiss asset manager sacked Haywood on Thursday after its internal investigation found he was involved in "gross misconduct". However, Haywood said a number of the allegations had been dropped, arguing the decision was "a foregone conclusion". He also said he had been "unfairly singled out" by the company adding the redundancy process had been "run unfairly". Haywood said in a statement: "I intend to appeal this decision which has been prejudged since the announcement of my suspension. "I dispute many of the findings, while noting the majority of the allegations have been dro...