SJP is aiming to save multi-millions in costs by 2030.
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SJP is aiming to save multi-millions in costs by 2030.
The number of jobs cut could reach over 30,000 globally.
AllianceBernstein has cut approximately 4% of its global workforce with Asia unspared from the retrenchment.
The Swiss group has announced plans to streamline its Asia Pacific wealth management division.
This reverses the decision to split the two units just two years ago.
The layoffs were made after a strategic review to enhance efficiency, said the fund manager.
Credit Suisse is to eliminate another 2,000 jobs and make an additional CHF800m (£576.1m, $824m, €733.8m) in cost savings, as it accelerates the pace of its restructuring following disappointing results in the final quarter of 2015.
Part of the Mark Allen Group.