Australia's Macquarie Group set to 'cut jobs in Asia', reports say
March 31 , 2015
The Macquarie Group is set to cut around half of its jobs linked to investment banking in Asia, reports say.
The Australian firm may cut up to 100 jobs in its offices in countries such as Singapore, South Korea and India, media reports said.
The move comes as the investment bank aims to shift its focus towards revenue sources such as fund management and lending that are considered to be more stable.
Fewer deals in a sluggish global economy have affected the company.