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Rating:A $1.8T-AUM Firm's Parent Promises Not to Trim Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, April 13, 2020

A $1.8T-AUM Firm's Parent Promises Not to Trim

News summary by MFWire's editors

Leadership at another big asset manager's parent is promising not to trim, despite the ongoing coronavirus crisis.

Mitchell E. Harris
BNY Mellon Investment Management
CEO
BNY Mellon, parent of BNY Mellon Investment Management, will not do any layoffs this year, the Pittsburgh Business Times reports, citing an internal memo from the bank's new CEO, Todd Gibbons. As previously reported, the heads of several other asset managers' parents have made similar promises.

BNY Mellon Investment Management now has $1.8 trillion in AUM. 

Edited by: Neil Anderson, Managing Editor


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