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Wednesday, February 20, 2019|
What Jobs Is This $538B Asset Manager Moving?
A publicly traded asset manager will be moving or adding more than 1,000 jobs to its new headquarters over the next three years, and the plurality of those jobs will be behind the scenes, while it seems like investment staff won't be going anywhere.
Last spring, word leaked that AB's new Nashville office tower is expected to be read by 2021, powered by an investment of more than $70 million, though AB is moving staff into temporary Nashville office space for now. Now the Journal reminds readers that AB's chief operating officer, Jim Gingrich, previously revealed a move timetable that includes adding about 300 Nashville jobs by mid 2020 and the rest by the end of 2022.
AB had $538 billion in AUM as of January 31, 2019. As of December 31, 2018, the firm had 3,641 employees worldwide.
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