Several major law firms and financial institutions have announced significant changes to their operations in Greater China. Kirkland has laid off capital markets lawyers in Greater China, while Perkins Coie has become the fourth US law firm to close its China office in the last eight months, specifically shutting down its Shanghai office which affects two lawyers and two patent consultants. In the financial sector, the Canada Pension Plan Investment Board has cut about 10% of its Hong Kong staff. Meanwhile, Morgan Stanley has reduced its staff by 9% at its China asset management unit in Greater China, a move attributed to shrinking assets and operating losses amid a market rout.
Morgan Stanley cuts 9% of China fund unit staff amid market rout, sources say https://t.co/M6Upv8COZU https://t.co/MGyeSNbIvF
Morgan Stanley cuts 9% of China fund unit staff amid market rout, sources say https://t.co/aTytr2tjHj https://t.co/eCnkpc9YAy
⚠️ MORGAN STANLEY CUTS 9% CHINA FUND UNIT STAFF AMID MARKET ROUT, SOURCES SAY Full Story → https://t.co/nuFyg12sx0 Morgan Stanley has laid off about 9% of its staff at its asset management business unit in China, two people with direct knowledge of the matter said, as the… https://t.co/CIdSGaFJrU
$MS MORGAN STANLEY LAYS OFF 9% OF ITS STAFF AT CHINA ASSET MANAGEMENT UNIT MORGAN STANLEY CUTS CHINA FUND STAFF AMID SHRINKING ASSETS AND OPERATING LOSSES
Canada Pension Plan Investment Board has eliminated about 10% of its Hong Kong staff https://t.co/9soApzVlze
Perkins Coie LLP has become the latest of several large law firms to shutter an office in China, with the planned closure of the firm's Shanghai office affecting two lawyers and two patent consultants. https://t.co/jRVCzaPcoy
Perkins Coie Fourth US Firm to Shutter China Office in 8 Months https://t.co/cOoaf2ve8d
Kirkland Lays Off Capital Markets Lawyers in Greater China https://t.co/5ddef2Xv1c