Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Kranefuss' Team Stays Intact as BGI Swings the Ax Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, January 13, 2009

Kranefuss' Team Stays Intact as BGI Swings the Ax

by: Armie Margaret Lee

Barclays Global Investors is cutting 300 jobs as part of a broader headcount reduction being implemented by its London-based parent, Barclays PLC. BGI's iShares business led by Lee Kranefuss, however, is not affected by the reduction, a person familiar with the situation told The MFWire.

"We can confirm that we have begun a process to reduce headcount across some parts of investment banking and investment management to ensure that we are appropriately sized given the current market conditions," a Barclays spokesperson said in an e-mailed statement. "We will continue to hire selectively across those parts of the business that are growing."

Aside from cutting 300 jobs at San Francisco-based BGI, Barclays is slashing 1,300 jobs at its investment bank unit, Barclays Capital, and 500 at its wealth management division.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use