Evolution Group axes 60 investment banking jobs
LONDON (Reuters) – Evolution Group, the mid-sized investment bank that is being taken over by South African rival Investec, said it will cut 60 jobs as a result of tough market conditions. “Due to the current depressed levels of income within the business, management has taken action to reduce the cost base from Q4 onwards,” Evolution said in a statement. “This has been achieved by reducing …
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Tags: Axes, Banking Jobs, Business Management, Depressed Levels, Evolution Group, Investec, Investment Bank, Investment Banking, Investment Jobs, Jobs London, London Reuters, Q4, South African, Tough Market
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