Buy side builds bots to cut trade costs

With margins under pressure, investment firms are looking to accelerate automation push

It’s not easy being Larry Fink. The head of BlackRock, who has seen the asset manager grow into a $7 trillion investment giant during his 30 years at the helm, is having to lay off staff. Around 3% of the firm’s global employees.

Fink is not alone. Greg Johnson, the boss at Franklin Templeton, is shedding as much as 5% of headcount as the firm adjusts to losing a fifth of its assets under management during the past five years.

The retrenchment at these two companies is a familiar theme across

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here