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

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

Rating:Some Asset Manager's Parents Are Shielding Jobs Mid-Crisis Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 27, 2020

Some Asset Manager's Parents Are Shielding Jobs Mid-Crisis

News summary by MFWire's editors

Fundsters at several publicly traded banks' asset management arms may be breathing a little easier this week, and not just because the markets are up a few days in a row after some rough weeks in light of the coronavirus crisis.

James Patrick Gorman
Morgan Stanley
Chairman, CEO
James Gorman, CEO of Morgan Stanley (parent of Morgan Stanley Investment Management), sent all the investment bank's employees a memo yesterday insisting that the firm their "jobs are secure" as the bank won't reduce its headcount this year at all, according to reports from Bloomberg, CNBC, Reuters, and Seeking Alpha.

Reuters notes that Deutsche Bank (the parent of publicly traded asset manager DWS) and Wells Fargo (the parent of Wells Fargo Asset Management) are both pushing pause on their job cuts. 

Edited by: Neil Anderson, Managing Editor


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
2020: Q3Q2Q1
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. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use