Merrill Lynch Investment Managers scales back in Asia, Japan

New president Stanley O''Neals strategic focus on profitability is galvanizing the global asset management business.
December 08, 2001

The global scaling back and re-emphasis on profitability at Merrill Lynch instigated by Stanley O'Neal's elevation to president and COO in July is now sweeping its $550 billion asset management business, creating dramatic cost cuts throughout the Asia-Pacific region.

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