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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