Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:RiverSource Cuts Staff Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 21, 2009

RiverSource Cuts Staff

Reported by Armie Margaret Lee

RiverSource Investments is cutting an undisclosed number of jobs as part of cost-reduction efforts underway at its parent, Ameriprise Financial.

"There will be minimal impact to asset management sales, marketing and investment teams," RiverSource spokesman Ryan Lund told The MFWire in e-mailed comments.

On Tuesday, media reports surfaced that Ameriprise was slashing 300 jobs at its Minneapolis headquarters and an disclosed number in its field organization.

Like its parent, RiverSource is based in Minneapolis. Last year, RiverSource absorbed New York-based investment manager J. & W. Seligman & Co., which Ameriprise bought in a $440 million all-cash deal that closed in November (see The MFWire, 11/10/08).

The headcount reduction at Ameriprise was disclosed Tuesday by the company in an 8-K filing on Tuesday. Ameriprise did not state in the filing how many jobs it was cutting, but said its client service operations would be largely unaffected by the reduction.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use