As reported in a Bloomberg’s article Mr. Darin Oduyoye, spokesperson for the bank stated: “It is normal course of business for us to review our staffing annually to ensure appropriate levels, and adjust as necessary.”, “We continue to invest in our business and talent, including hiring top advisers in key markets and expanding our product and service offering.”To learn more about JPMorgan Chase & Co. (JPM) and to continue to track its progress please visit the Vista Partners JPMorgan Chase & Co. Coverage Page. Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. Stay Informed! Stay Competitive! Join us at Vista Partners!
JPMorgan To Implement Staff Reduction For Asset & Wealth Management Division
JPMorgan Chase & Co (JPM) is a global financial service leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset management, and commercial banking. As a part of the bank’s normal annual review process, it is dismissing hundreds of employees in its asset and wealth management unit globally. The New York-based bank had recruited 24-thousand people in the above division at the end of last year.