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Exclusive: Brooks Macdonald makes senior layoffs

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Brooks Macdonald has laid off a number of senior staff, including the firm's global head of distribution, in a bid to save costs, City AM can reveal. The redundancies from the asset manager were described by one former employee as "pretty brutal",

Brooks Macdonald, a UK-based wealth management firm, has undertaken a series of senior layoffs as part of a strategic overhaul aimed at enhancing operational efficiency and reducing costs. The layoffs include key figures such as the head of investment solutions, the head of marketing, and the head of HR, signaling a significant restructuring within the company. This move comes in response to a challenging economic environment and the need to streamline operations. The firm is focusing on simplifying its business model, which includes cutting back on non-core activities and reducing its workforce to better align with its long-term strategic goals. This restructuring is part of a broader initiative to improve profitability and adapt to the evolving demands of the wealth management sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/executive-leadership-and-management/exclusive-brooks-macdonald-makes-senior-layoffs/ar-AA1xdzMR ]