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Wednesday, July 03, 2019|
An NYC Fund Firm Lays Off Dozens
The leadership team at a publicly traded multinational's asset management arm is trimming dozens of jobs this fall.
"Restructuring" is listed in the filing as the reason for the "plant layoff."
The latest JPMAM layoff news follows word last March of a similar, larger layoff across all of J.P. Morgan's asset and wealth management (AWM) division (which includes JPMAM). Meanwhile, last month AWM CEO Mary Callahan Erdoes confirmed the impending retirement of JPMAM CEO Chris Willcox and the promotion of George Gatch to succeed Willcox.
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