Morgan Stanley cuts about half a dozen Asian equities jobs: sources
Reuters
Published May 29, 2019 06:24AM ET
Morgan Stanley cuts about half a dozen Asian equities jobs: sources
SINGAPORE/HONG KONG (Reuters) - Morgan Stanley (NYSE:MS) has cut about half a dozen equity sales, trading and research jobs across Asia as part of a global cost-cutting move, people familiar with the matter told Reuters on Wednesday.
The global job cuts at the U.S. investment bank mainly involve mid-level staff as well as a few senior executives, said one of the people, who declined to be identified due to the sensitivity of the matter.
Morgan Stanley declined comment.
One of the people with direct knowledge of the matter said Morgan Stanley informed the affected staff in Hong Kong, Singapore and other locations about the layoffs last week.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.