Ignis Asset Management says it may cut up to 35 Glasgow-based staff across all business operations, including fund management.
Recently formed by the merger of Resolution Asset Management and Pearl's Axial, Ignis will reduce headcount by about 7% from the 458 currently at the firm. An Ignis spokesperson denied speculation the fund manager is looking to relocate the bulk of its major operations from Glasgow to London. The 30 day consultation period for affected staff began on 8 December. Ignis' restructure will not affects its joint-venture boutiques - Argonaut, Cartesian, Hexam and Maia. IFAonline
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