UK - Deutsche Asset Management has closed its North America and Japanese equities desks in London, making an unspecified number of fund managers redundant.
According to reports, the number of London-based redundancies will be small and are included in the overall asset management layoff figures that Deutsche Bank announced at the end of last year.
Japanese and North American equities mandates will now be run from DeAM offices in their respective countries, the reports claim.
Representatives of DeAM did not return calls by press time.
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