Stuart Alexander and Ian Pascal among those affected by job losses

Last week saw two high-profile casualties in the investment industry, with head of marketing at Old Mutual Asset Managers, Ian Pascal, and head of sales at Invesco Perpetual, Stuart Alexander, both leaving their respective employers. Job cuts are rife as investment houses struggle to cope with volatile markets and plummeting sales figures. As reported in Investment Week last week, net sales of Peps, Isas and unit trusts were down more than 96% in September 2001 compared to the same month last year. Pascal left following restructuring as part of the decision to merge the Gerrard Asset ...