Nordea and M&G on Thursday said they intend to cut jobs because the asset management industry is facing difficult market conditions. Both firms have a significant presence in Luxembourg. “The reason for the adjustment is the need to adapt to the market environment, because macroeconomic uncertainty remains high, and the asset management industry is facing significant mid-term uncertainty and volatility,” Nordea said.
Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.
A subscription is free for professionals working at banks and independent asset managers.