Reuters logo
Legg Mason to lay off 62 from Batterymarch after QS merger
2014年5月16日 / 晚上8点20分 / 3 年前

Legg Mason to lay off 62 from Batterymarch after QS merger

BOSTON, May 16 (Reuters) - Legg Mason Inc will lay off 62 professionals from its Boston-based Batterymarch Financial Management unit as it is combined with QS Investors, a spokeswoman said on Friday, following a deal announced in March.

The Baltimore-based asset manager had said an unspecified number of jobs would be cut after its purchase of privately-held QS of New York, into which Batterymarch and Legg Mason Global Asset Allocation are being merged to form a new quantitative investing unit.

About 12 Batterymarch employees, mainly investment professionals, will remain in Boston, said Legg Mason spokeswoman Mary Athridge in a telephone interview. Batterymarch CEO William Elcock will likely leave by the end of the year, she said. (Reporting by Ross Kerber)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below