Credit Suisse confirm asset management job cuts
Published on May 23, 2008.
Credit Suisse has confirmed that it expects to cut around 100 jobs from its asset management unit.
Following media reports of the headcount reductions yesterday, a spokesperson for Credit Suisse told theTRADEnews.com that the cutbacks were targeted staff reductions from non-investment related roles.
It was also confirmed that the UK would only represent a small proportion of these job losses overall.
The losses follow an announcement in April of up to 1,000 job cuts in the investment banking division of Credit Suisse, accounting for 5% of the department.
