In Focus: Asset management layoffs in Asia gather pace

The season of asset management layoffs is truly underway. At least 10 global asset managers are reported to have announced layoffs in the past six months, with almost all of them affecting Asia operations in one way or another. While the cuts are not as deep as in previous years, there are evolving trends underpinning this round. A distinct lack of foreign investor appetite for Chinese stocks; tough conditions rocking the global asset management industry; a growing shift to pr…