Manulife cuts hundreds of jobs in wealth and asset management unit

Quick Summary:

The Toronto Star reported earlier that the firm is eliminating 225 jobs.

Manulife will report its third quarter earnings on Nov 6 after market close.

The pace of outflows from actively managed US mutual funds has increased in recent years, it added.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaUnited States

Topics: Global Wealth Asset Management Manulife Eliminating Star Toronto Reported Jobs Firm

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 15:20:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 307 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23347135

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