ING Cuts 135 from its Asset Management Staff
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Thursday, January 29, 2009

ING Cuts 135 from its Asset Management Staff

ING slashed about 135 jobs from its U.S. asset management division as part of broader cuts the Dutch insurer is implementing, ING spokeswoman Tracey Gordon confirmed to The MFWire.

The cuts at the asset management unit were first reported by Morningstar's Ryan Leggio reports.

The layoffs included some senior executives such as chief investment officer Frederic Nelson, head of fixed income Jim Kauffmann and head of quantitative equities Omar Aguilar.

ING plans to cut a total of 7,000 jobs this year.

Printed from:

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved
Back to Top