Buy-Side Traders Face Redundancy at Chase
Traders Magazine, September 1999
The seven traders at Chase Manhattan Bank's equity management unit in New York could be out of work soon under a reorganization plan for the bank's equity portfolios. Altogether, the reorganization puts 32 employees at risk.
Chase is combining its equity portfolios managed in New York with those run out of its Houston operation. New York oversees $10 billion in stocks while Houston manages $25 billion.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.