JF cuts jobs in Asia
The staff reduction in Asia is part of a global cost-cutting measure. Key positions in the region remain intact.
JF Asset Management is the latest fund house to reduce staff in Asia, as part of cost-cutting measures in reaction to the global financial crisis. JF Asset Management is part of JPMorgan Asset Management, which in turn is part of J.P. Morgan Chase. JPMorgan Asset Management has more than $1.2 trillion in assets under management worldwide. A spokesman at JF Asset Management declined to say how many people in Asia have been affected by the recent job cuts and which particular positions …
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