US EditionSchroders trims headcount at China fund management arm
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Schroders trims headcount at China fund management arm
Schroders has reportedly reduced its workforce size at its wholly-owned China fund management unit, Schroder Investment Management China (SIMC). This decision is part of a strategy to manage costs under the leadership of new CEO Richard Oldfield, reported Reuters, citing sources. Sources familiar with the matter indicated that the Shanghai-based unit, which was established in 2023, has axed around 10 employees from its team of 60. The reductions…
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