Prudential AM trims Hong Kong, Singapore headcount

Mar 23, 2009

As cost pressures mount, one more life insurance-affiliated asset management firm brings out the axe.

Prudential Asset Management has become the latest life insurance-affiliated asset management firm to succumb to cost pressures by trimming staff in Asia. Sources report 9 out of 38 staff in Hong Kong and 20 out of 259 staff in Singapore were fired on March 20.

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